William Blair Issues Negative Estimate for AMP Earnings

Ameriprise Financial, Inc. (NYSE:AMP) – William Blair dropped their Q4 2024 earnings per share (EPS) estimates for Ameriprise Financial in a note issued to investors on Monday, January 13th. William Blair analyst J. Schmitt now forecasts that the financial services provider will post earnings of $9.20 per share for the quarter, down from their prior forecast of $9.21. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.25 per share. William Blair also issued estimates for Ameriprise Financial’s FY2025 earnings at $39.00 EPS and FY2026 earnings at $43.00 EPS.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods decreased their target price on Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Morgan Stanley boosted their price target on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. UBS Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada upped 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $494.89.

Ameriprise Financial Stock Performance

Ameriprise Financial stock opened at $537.64 on Wednesday. Ameriprise Financial has a 12-month low of $368.41 and a 12-month high of $577.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The business’s 50-day moving average price is $549.04 and its two-hundred day moving average price is $487.35. The stock has a market cap of $52.16 billion, a PE ratio of 20.64, a P/E/G ratio of 0.96 and a beta of 1.36.

Institutional Trading of Ameriprise Financial

A number of institutional investors have recently added to or reduced their stakes in AMP. Geller Advisors LLC increased its stake in shares of Ameriprise Financial by 2.2% during the third quarter. Geller Advisors LLC now owns 878 shares of the financial services provider’s stock valued at $412,000 after buying an additional 19 shares during the period. Legacy Capital Wealth Partners LLC boosted its holdings in Ameriprise Financial by 2.0% in the third quarter. Legacy Capital Wealth Partners LLC now owns 1,022 shares of the financial services provider’s stock worth $480,000 after acquiring an additional 20 shares in the last quarter. Ledyard National Bank boosted its holdings in Ameriprise Financial by 3.2% in the third quarter. Ledyard National Bank now owns 733 shares of the financial services provider’s stock worth $344,000 after acquiring an additional 23 shares in the last quarter. Everpar Advisors LLC lifted its holdings in shares of Ameriprise Financial by 1.8% during the fourth quarter. Everpar Advisors LLC now owns 1,286 shares of the financial services provider’s stock valued at $685,000 after purchasing an additional 23 shares in the last quarter. Finally, Heartland Bank & Trust Co lifted its holdings in shares of Ameriprise Financial by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 2,755 shares of the financial services provider’s stock valued at $1,177,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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 stock was sold at an average price of $564.16, for a total transaction 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. This represents a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $549.68, for a total value of $5,900,814.80. Following the transaction, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. The trade was a 64.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,715 shares of company stock worth $11,983,436 in the last quarter. 0.73% of the stock is currently owned by company insiders.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 dividend on an annualized basis and a yield of 1.10%. Ameriprise Financial’s dividend payout ratio (DPR) 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.