Zacks Research Issues Pessimistic Estimate for AMP Earnings

Ameriprise Financial, Inc. (NYSE:AMP) – Analysts at Zacks Research dropped their Q4 2024 EPS estimates for shares of Ameriprise Financial in a report released 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 prior 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.

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

Ameriprise Financial Price Performance

AMP opened at $562.44 on Friday. The stock has a fifty day moving average of $496.55 and a 200-day moving average of $452.66. Ameriprise Financial has a 12-month low of $342.96 and a 12-month high of $569.47. The firm has a market capitalization of $54.57 billion, a P/E ratio of 21.59, a PEG ratio of 0.97 and a beta of 1.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Ameriprise Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.05%. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

Insider Buying and Selling

In other Ameriprise Financial news, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $549.68, for a total value of $5,900,814.80. Following the transaction, the insider now directly owns 5,811 shares in the company, valued at $3,194,190.48. The trade was a 64.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 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 approximately $5,834,881.93. This trade represents a 39.73 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,415 shares of company stock valued at $15,829,445. Company insiders own 0.73% of the company’s stock.

Hedge Funds Weigh In On Ameriprise Financial

A number of hedge funds have recently bought and sold shares of AMP. JPMorgan Chase & Co. increased its position in Ameriprise Financial by 18.6% during the 1st quarter. JPMorgan Chase & Co. now owns 3,844,165 shares of the financial services provider’s stock worth $1,685,436,000 after purchasing an additional 603,267 shares in the last quarter. Swedbank AB acquired a new stake in Ameriprise Financial in the first quarter valued at $108,938,000. Maj Invest Holding A S bought a new position in shares of Ameriprise Financial during the third quarter worth about $98,742,000. The Manufacturers Life Insurance Company lifted its stake in shares of Ameriprise Financial by 144.0% in the third quarter. The Manufacturers Life Insurance Company now owns 243,385 shares of the financial services provider’s stock worth $114,345,000 after acquiring an additional 143,648 shares during the period. Finally, AGF Management Ltd. boosted its holdings in Ameriprise Financial by 35.4% in the second quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider’s stock valued at $215,584,000 after acquiring an additional 131,844 shares during the last quarter. 83.95% of the stock is owned by institutional investors.

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.