William Blair Brokers Reduce Earnings Estimates for AMP

Ameriprise Financial, Inc. (NYSE:AMP - Free Report) - Analysts at William Blair reduced their Q4 2024 EPS estimates for Ameriprise Financial in a research note issued to investors on Monday, January 13th. William Blair analyst J. Schmitt now anticipates 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.

AMP has been the subject of a number of other research reports. Royal Bank of Canada boosted their target price 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. Keefe, Bruyette & Woods lowered their price target on shares of 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. UBS Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $580.00 to $570.00 in a research report on Monday, January 6th. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group lowered shares of Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $485.00 to $476.00 in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Ameriprise Financial presently has an average rating of "Hold" and a consensus price target of $494.89.

Ameriprise Financial Price Performance

Shares of AMP stock traded up $10.97 on Wednesday, reaching $537.64. 549,830 shares of the company were exchanged, compared to its average volume of 426,303. The company has a market cap of $52.16 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 0.96 and a beta of 1.36. The business has a 50-day moving average price of $549.04 and a 200 day moving average price of $487.35. 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 1 year low of $368.41 and a 1 year high of $577.00.

Institutional Investors Weigh In On Ameriprise Financial

Several large investors have recently added to or reduced their stakes in the business. Geller Advisors LLC increased its stake in Ameriprise Financial by 2.2% during the 3rd quarter. Geller Advisors LLC now owns 878 shares of the financial services provider's stock worth $412,000 after buying an additional 19 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in Ameriprise Financial by 2.0% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 1,022 shares of the financial services provider's stock worth $480,000 after buying an additional 20 shares during the period. Ledyard National Bank increased its position in shares of Ameriprise Financial by 3.2% in the 3rd quarter. Ledyard National Bank now owns 733 shares of the financial services provider's stock valued at $344,000 after purchasing an additional 23 shares during the last quarter. Everpar Advisors LLC raised its holdings in shares of Ameriprise Financial by 1.8% in the 4th 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 raised its holdings in shares of Ameriprise Financial by 0.9% in the 2nd 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. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 8,655 shares of the business's 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 sale, the chief financial officer now directly owns 6,409 shares of the company's stock, valued at approximately $3,615,701.44. The trade was a 57.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Edward Sweeney sold 10,735 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the completion of the sale, the insider now directly owns 5,811 shares in the company, valued at $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,715 shares of company stock worth $11,983,436 in the last ninety days. 0.73% of the stock is owned by insiders.

Ameriprise Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.10%. Ameriprise Financial's payout ratio is 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.