William Blair Research Analysts Raise Earnings Estimates for Ameriprise Financial, Inc. (NYSE:AMP)

Ameriprise Financial, Inc. (NYSE:AMP) – Equities researchers at William Blair upped their Q4 2024 EPS estimates for Ameriprise Financial in a research note issued on Monday, October 14th. William Blair analyst J. Schmitt now forecasts that the financial services provider will earn $9.29 per share for the quarter, up from their previous estimate of $9.18. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.92 per share. William Blair also issued estimates for Ameriprise Financial’s FY2026 earnings at $41.25 EPS.

AMP has been the topic of a number of other research reports. Royal Bank of Canada increased their price objective on shares of Ameriprise Financial from $500.00 to $535.00 and gave the company an “outperform” rating in a research report on Friday, October 11th. UBS Group increased their price target on Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods raised Ameriprise Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 10th. Jefferies Financial Group increased their target price on Ameriprise Financial from $500.00 to $504.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Piper Sandler lowered their price objective on shares of Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating on the stock in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ameriprise Financial presently has a consensus rating of “Hold” and a consensus price target of $473.56.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $511.23 on Wednesday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $50.78 billion, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 0.81 and a beta of 1.35. The business has a 50-day simple moving average of $450.31 and a two-hundred day simple moving average of $435.42. Ameriprise Financial has a fifty-two week low of $306.63 and a fifty-two week high of $517.82.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Wednesday, July 24th. The financial services provider reported $8.72 EPS for the quarter, topping analysts’ consensus estimates of $8.53 by $0.19. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.24 billion. Ameriprise Financial had a return on equity of 73.83% and a net margin of 18.64%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $7.44 EPS.

Hedge Funds Weigh In On Ameriprise Financial

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Ameriprise Financial by 18.6% during the 1st quarter. JPMorgan Chase & Co. now owns 3,844,165 shares of the financial services provider’s stock valued at $1,685,436,000 after acquiring an additional 603,267 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Ameriprise Financial by 10.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,129,632 shares of the financial services provider’s stock valued at $482,588,000 after purchasing an additional 110,319 shares during the last quarter. Legal & General Group Plc increased its position in shares of Ameriprise Financial by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 823,249 shares of the financial services provider’s stock valued at $351,685,000 after purchasing an additional 11,060 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Ameriprise Financial by 18.8% in the 1st quarter. TD Asset Management Inc now owns 707,617 shares of the financial services provider’s stock worth $310,248,000 after acquiring an additional 111,973 shares during the last quarter. Finally, AGF Management Ltd. raised its position in Ameriprise Financial by 35.4% in the 2nd quarter. AGF Management Ltd. now owns 504,657 shares of the financial services provider’s stock worth $215,584,000 after purchasing an additional 131,844 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Activity

In other Ameriprise Financial news, VP William Davies sold 8,700 shares of the stock in a transaction on 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 owns 13,199 shares in the company, valued at approximately $5,834,881.93. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.73% of the company’s stock.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $1.48 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.16%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 20.15%.

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.