Zacks Research Issues Pessimistic Outlook for AMP Earnings

Ameriprise Financial, Inc. (NYSE:AMP) – Zacks Research decreased their Q4 2024 EPS estimates for shares of Ameriprise Financial in a 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 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.

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

Ameriprise Financial Price Performance

AMP stock opened at $562.44 on Friday. The firm has a 50-day moving average of $493.91 and a 200 day moving average of $451.64. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $54.57 billion, a P/E ratio of 21.74, a PEG ratio of 0.97 and a beta of 1.34. Ameriprise Financial has a 1 year low of $342.96 and a 1 year high of $569.47.

Ameriprise Financial Announces Dividend

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

Insider Activity at Ameriprise Financial

In other 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total transaction of $1,199,816.25. Following the completion of the sale, the insider now owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This represents a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,415 shares of company stock valued at $15,829,445. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of Ameriprise Financial

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Ameriprise Financial by 18.6% in 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 during the period. Swedbank AB purchased a new stake in shares of Ameriprise Financial in the 1st quarter worth $108,938,000. Maj Invest Holding A S bought a new position in Ameriprise Financial in the 3rd quarter worth $98,742,000. The Manufacturers Life Insurance Company lifted its position in Ameriprise Financial by 144.0% during the third quarter. The Manufacturers Life Insurance Company now owns 243,385 shares of the financial services provider’s stock valued at $114,345,000 after purchasing an additional 143,648 shares in the last quarter. Finally, AGF Management Ltd. grew its holdings in Ameriprise Financial by 35.4% during the second quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider’s stock valued at $215,584,000 after purchasing an additional 131,844 shares during the period. 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.