What is Zacks Research’s Forecast for AMP FY2024 Earnings?

Ameriprise Financial, Inc. (NYSE:AMP) – Zacks Research issued their FY2024 earnings per share (EPS) estimates for Ameriprise Financial in a report issued on Tuesday, November 19th. Zacks Research analyst R. Department forecasts that the financial services provider will post earnings of $33.89 per share for the year. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.41 per share. Zacks Research also issued estimates for Ameriprise Financial’s Q3 2025 earnings at $8.95 EPS, Q4 2025 earnings at $10.44 EPS and Q3 2026 earnings at $9.81 EPS.

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

Ameriprise Financial Stock Up 0.3 %

AMP stock opened at $572.07 on Friday. Ameriprise Financial has a twelve month low of $345.43 and a twelve month high of $575.37. The company has a market cap of $55.50 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. The business’s 50-day simple moving average is $509.57 and its 200 day simple moving average is $457.84. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. DiNuzzo Private Wealth Inc. raised its position in Ameriprise Financial by 268.8% in the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 43 shares during the last quarter. Accordant Advisory Group Inc bought a new stake in shares of Ameriprise Financial during the 2nd quarter valued at $26,000. Mascoma Wealth Management LLC raised its position in shares of Ameriprise Financial by 153.8% during the 2nd quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Ameriprise Financial during the 2nd quarter valued at $29,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Ameriprise Financial during the 3rd quarter valued at $31,000. Institutional investors own 83.95% of the company’s stock.

Insider Activity

In other news, CFO Walter Stanley Berman sold 8,655 shares of Ameriprise Financial stock in a transaction that occurred 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 transaction, the chief financial officer now owns 6,409 shares in the company, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP William Davies sold 8,700 shares of Ameriprise Financial stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,415 shares of company stock worth $15,829,445. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is currently 22.73%.

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.