Zacks Research Analysts Reduce Earnings Estimates for AMP

Ameriprise Financial, Inc. (NYSE:AMP) – Research analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for Ameriprise Financial in a research report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $8.87 per share for the quarter, down from their previous estimate of $9.03. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.46 per share. Zacks Research also issued estimates for Ameriprise Financial’s Q1 2025 earnings at $8.84 EPS, Q2 2026 earnings at $10.33 EPS, Q3 2026 earnings at $10.63 EPS and FY2026 earnings at $41.55 EPS.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. UBS Group increased their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada increased their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their price objective on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group cut shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $487.67.

Ameriprise Financial Stock Up 0.3 %

Shares of NYSE:AMP opened at $561.54 on Friday. Ameriprise Financial has a 1 year low of $342.20 and a 1 year high of $569.47. The business has a 50 day simple moving average of $491.47 and a two-hundred day simple moving average of $450.87. The firm has a market capitalization of $54.47 billion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65.

Institutional Trading of Ameriprise Financial

Institutional investors and hedge funds have recently modified their holdings of the business. DiNuzzo Private Wealth Inc. boosted its stake in shares of Ameriprise Financial by 268.8% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Accordant Advisory Group Inc acquired a new stake in Ameriprise Financial during the second quarter valued at approximately $26,000. Mascoma Wealth Management LLC boosted its holdings in shares of Ameriprise Financial by 153.8% in the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 40 shares in the last quarter. Bank & Trust Co bought a new position in Ameriprise Financial in the 2nd quarter worth approximately $29,000. Finally, Hantz Financial Services Inc. bought a new position in Ameriprise Financial in the 2nd quarter worth approximately $29,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $564.16, for a total value of $4,882,804.80. Following the completion of the sale, the chief financial officer now owns 6,409 shares of the company’s stock, valued at $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William Davies sold 8,700 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the completion of the transaction, the vice president now owns 13,199 shares of the company’s stock, valued at $5,834,881.93. This trade represents a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is owned by company insiders.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 4th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a yield of 1.05%. Ameriprise Financial’s dividend payout ratio is presently 22.73%.

About Ameriprise Financial

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.