Research Analysts Offer Predictions for Ameriprise Financial, Inc.’s Q4 2024 Earnings (NYSE:AMP)

Ameriprise Financial, Inc. (NYSE:AMP) – Research analysts at William Blair raised their Q4 2024 EPS estimates for shares of Ameriprise Financial in a note issued to investors on Monday, October 14th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $9.29 for the quarter, up from their prior forecast of $9.18. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.92 per share. William Blair also issued estimates for Ameriprise Financial’s FY2026 earnings at $41.25 EPS.

AMP has been the topic of several other reports. Jefferies Financial Group raised their price target on Ameriprise Financial from $500.00 to $504.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Royal Bank of Canada raised their price target on Ameriprise Financial from $500.00 to $535.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their price target for the company from $485.00 to $476.00 in a research report on Thursday, September 26th. Keefe, Bruyette & Woods raised Ameriprise Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley lowered their price target on Ameriprise Financial from $444.00 to $440.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $473.56.

Ameriprise Financial Stock Up 1.2 %

AMP stock opened at $517.46 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. Ameriprise Financial has a 1 year low of $306.63 and a 1 year high of $518.05. The company has a fifty day simple moving average of $452.81 and a 200 day simple moving average of $435.99. The firm has a market cap of $51.40 billion, a PE ratio of 17.61, a PEG ratio of 0.81 and a beta of 1.35.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $8.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $0.19. Ameriprise Financial had a net margin of 18.64% and a return on equity of 73.83%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.24 billion. During the same quarter in the previous year, the business earned $7.44 EPS. Ameriprise Financial’s quarterly revenue was up 9.6% compared to the same quarter last year.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Monday, August 5th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

Insider Buying and Selling

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of the firm’s stock in a transaction dated 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 in the company, valued at $5,834,881.93. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empirical Finance LLC lifted its stake in Ameriprise Financial by 3.0% during the first quarter. Empirical Finance LLC now owns 3,896 shares of the financial services provider’s stock worth $1,708,000 after purchasing an additional 113 shares during the period. Nomura Holdings Inc. bought a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $775,000. State Board of Administration of Florida Retirement System raised its stake in shares of Ameriprise Financial by 7.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 118,211 shares of the financial services provider’s stock valued at $51,828,000 after acquiring an additional 8,693 shares during the last quarter. BDF Gestion bought a new position in shares of Ameriprise Financial in the second quarter valued at approximately $2,836,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Ameriprise Financial by 12.8% in the first quarter. Janney Montgomery Scott LLC now owns 18,797 shares of the financial services provider’s stock valued at $8,242,000 after acquiring an additional 2,139 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Company Profile

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.