Ameriprise Financial (AMP) Scheduled to Post Earnings on Monday

Ameriprise Financial (NYSE:AMP) is set to announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $8.14 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $7.75 EPS for the quarter, beating analysts’ consensus estimates of $7.67 by $0.08. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.90 billion. Ameriprise Financial had a return on equity of 77.39% and a net margin of 16.27%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $6.94 earnings per share. On average, analysts expect Ameriprise Financial to post $34 EPS for the current fiscal year and $37 EPS for the next fiscal year.

Ameriprise Financial Price Performance

AMP stock opened at $417.01 on Friday. Ameriprise Financial has a 52-week low of $279.85 and a 52-week high of $440.67. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 1.17. The stock has a market cap of $41.78 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.36. The business has a fifty day moving average of $416.89 and a two-hundred day moving average of $378.06.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, February 8th. Ameriprise Financial’s payout ratio is 22.78%.

Insider Activity

In other news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the transaction, the senior vice president now owns 1,288 shares in the company, valued at approximately $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Dawn M. Brockman sold 224 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total value of $97,245.12. Following the sale, the senior vice president now directly owns 1,288 shares in the company, valued at approximately $559,159.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gerard P. Smyth sold 4,440 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $407.92, for a total transaction of $1,811,164.80. Following the transaction, the executive vice president now owns 3,787 shares of the company’s stock, valued at approximately $1,544,793.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,161 shares of company stock worth $35,560,647. Corporate insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On Ameriprise Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Freedom LLC purchased a new stake in Ameriprise Financial in the fourth quarter valued at $27,000. FinTrust Capital Advisors LLC purchased a new position in Ameriprise Financial during the 4th quarter worth $32,000. Brown Brothers Harriman & Co. increased its stake in Ameriprise Financial by 106.6% in the first quarter. Brown Brothers Harriman & Co. now owns 126 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 65 shares during the period. Resurgent Financial Advisors LLC acquired a new position in Ameriprise Financial in the fourth quarter valued at $46,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Ameriprise Financial in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on AMP. Evercore ISI increased their target price on shares of Ameriprise Financial from $400.00 to $445.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Raymond James initiated coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They set a “market perform” rating for the company. Royal Bank of Canada boosted their target price on Ameriprise Financial from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, January 22nd. The Goldman Sachs Group raised their price target on Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research report on Wednesday, March 27th. Finally, Morgan Stanley boosted their price objective on Ameriprise Financial from $400.00 to $437.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $441.00.

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.