What is Zacks Research's Estimate for AMP FY2024 Earnings?

Ameriprise Financial, Inc. (NYSE:AMP - Free Report) - Equities researchers at Zacks Research issued their FY2024 earnings estimates for Ameriprise Financial in a report released on Tuesday, November 19th. Zacks Research analyst R. Department expects that the financial services provider will post earnings per share of $33.89 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.

Several other research analysts also recently weighed in on AMP. The Goldman Sachs Group downgraded shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. Morgan Stanley increased their target price on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. UBS Group boosted their price target 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. Keefe, Bruyette & Woods upped their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $487.67.

Ameriprise Financial Stock Up 0.5 %

NYSE:AMP traded up $2.61 during mid-day trading on Friday, hitting $572.82. 319,796 shares of the company's stock traded hands, compared to its average volume of 469,043. The company has a fifty day moving average of $506.93 and a 200 day moving average of $456.82. The company has a market capitalization of $55.57 billion, a P/E ratio of 21.95, a P/E/G ratio of 0.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. Ameriprise Financial has a twelve month low of $345.43 and a twelve month high of $575.37.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.03%. The ex-dividend date was Monday, November 4th. Ameriprise Financial's dividend payout ratio is currently 22.73%.

Insider Buying and Selling

In other news, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now owns 4,669 shares of the company's stock, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP William Davies sold 8,700 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the sale, the vice president now directly owns 13,199 shares of the company's stock, valued at approximately $5,834,881.93. This represents a 39.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is owned by company insiders.

Institutional Trading of Ameriprise Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DiNuzzo Private Wealth Inc. increased its position in Ameriprise Financial by 268.8% during the second quarter. DiNuzzo Private Wealth Inc. now owns 59 shares of the financial services provider's stock worth $25,000 after acquiring an additional 43 shares during the period. Accordant Advisory Group Inc bought a new stake in shares of Ameriprise Financial in the second quarter valued at about $26,000. Mascoma Wealth Management LLC grew its position in Ameriprise Financial by 153.8% during the second quarter. Mascoma Wealth Management LLC now owns 66 shares of the financial services provider's stock worth $28,000 after buying an additional 40 shares in the last quarter. Bank & Trust Co bought a new position in Ameriprise Financial during the second quarter valued at about $29,000. Finally, Oakworth Capital Inc. acquired a new position in Ameriprise Financial in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds 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.