Q4 EPS Estimate for Ameriprise Financial Lowered by Analyst

Ameriprise Financial, Inc. (NYSE:AMP - Free Report) - Analysts at Zacks Research lowered their Q4 2024 earnings estimates for Ameriprise Financial in a report released on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will earn $8.87 per share for the quarter, down from their prior forecast 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 analysts also recently weighed in on AMP. Keefe, Bruyette & Woods raised their target price on Ameriprise Financial from $475.00 to $510.00 and gave the company a "market perform" rating in a report on Tuesday, October 29th. UBS Group raised their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Royal Bank of Canada upped 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. Morgan Stanley lifted their target price on 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 Ameriprise Financial from a "buy" rating to a "neutral" rating and lowered their price target for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $487.67.

Ameriprise Financial Stock Performance

Shares of AMP stock traded up $0.90 during trading on Friday, reaching $562.44. The company had a trading volume of 702,573 shares, compared to its average volume of 470,965. The firm's 50 day simple moving average is $493.91 and its two-hundred day simple moving average is $451.64. Ameriprise Financial has a one year low of $342.96 and a one year high of $569.47. 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 capitalization of $54.57 billion, a PE ratio of 21.74, a PEG ratio of 0.97 and a beta of 1.34.

Ameriprise Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, November 4th. Ameriprise Financial's dividend payout ratio is currently 22.73%.

Insiders Place Their Bets

In other news, VP William Davies sold 8,700 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the sale, the vice president now directly owns 13,199 shares in the company, valued at $5,834,881.93. This trade represents a 39.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gumer Alvero sold 2,325 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now directly owns 4,669 shares in the company, valued at $2,409,437.45. The trade was 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 currently owned by company insiders.

Institutional Investors Weigh In On Ameriprise Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMP. BDF Gestion bought a new stake in shares of Ameriprise Financial in the 2nd quarter worth approximately $2,836,000. Capital World Investors raised its stake in shares of Ameriprise Financial by 95.0% in the first quarter. Capital World Investors now owns 67,606 shares of the financial services provider's stock valued at $29,641,000 after buying an additional 32,930 shares during the period. Cetera Investment Advisers lifted its position in shares of Ameriprise Financial by 335.6% during the 1st quarter. Cetera Investment Advisers now owns 34,321 shares of the financial services provider's stock valued at $15,048,000 after buying an additional 26,442 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ameriprise Financial by 23.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,529 shares of the financial services provider's stock worth $12,615,000 after acquiring an additional 5,692 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Ameriprise Financial by 390.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 57,060 shares of the financial services provider's stock worth $24,375,000 after acquiring an additional 45,420 shares during the last quarter. Hedge funds and other 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.