FY2017 EPS Estimates for Ameriprise Financial, Inc. (AMP) Reduced by William Blair

Ameriprise Financial, Inc. (NYSE:AMP) – Research analysts at William Blair decreased their FY2017 earnings estimates for shares of Ameriprise Financial in a research report issued on Wednesday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $12.02 per share for the year, down from their previous forecast of $12.11. William Blair also issued estimates for Ameriprise Financial’s Q4 2017 earnings at $3.00 EPS, Q1 2018 earnings at $3.49 EPS, Q2 2018 earnings at $3.62 EPS, Q3 2018 earnings at $3.46 EPS, Q4 2018 earnings at $3.94 EPS, Q1 2019 earnings at $4.06 EPS, Q2 2019 earnings at $4.23 EPS, Q3 2019 earnings at $4.08 EPS and Q4 2019 earnings at $4.64 EPS.

Several other brokerages also recently issued reports on AMP. SunTrust Banks boosted their target price on shares of Ameriprise Financial from $9.64 to $180.00 and gave the company a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a research note on Wednesday, January 10th. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Saturday, December 16th. ValuEngine cut shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Morgan Stanley boosted their price target on shares of Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $161.48.

Shares of Ameriprise Financial (NYSE AMP) opened at $178.81 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67. Ameriprise Financial has a one year low of $110.97 and a one year high of $183.90. The stock has a market cap of $26,450.00, a price-to-earnings ratio of 16.70 and a beta of 1.93.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.33. Ameriprise Financial had a net margin of 14.24% and a return on equity of 29.75%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the business earned $2.29 EPS. The company’s revenue was up 6.3% on a year-over-year basis.

In other news, insider David Kent Stewart sold 4,817 shares of the business’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $171.51, for a total transaction of $826,163.67. Following the transaction, the insider now directly owns 29,727 shares in the company, valued at approximately $5,098,477.77. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Colin Moore sold 4,285 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $161.09, for a total transaction of $690,270.65. Following the transaction, the executive vice president now owns 73,690 shares in the company, valued at $11,870,722.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,466 shares of company stock worth $11,708,801. 1.50% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Montecito Bank & Trust boosted its holdings in Ameriprise Financial by 19.5% in the third quarter. Montecito Bank & Trust now owns 2,443 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 399 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Ameriprise Financial in the second quarter worth $25,127,000. Wasatch Advisors Inc. bought a new stake in Ameriprise Financial in the second quarter worth $352,000. Zacks Investment Management boosted its holdings in Ameriprise Financial by 6.4% in the second quarter. Zacks Investment Management now owns 366,787 shares of the financial services provider’s stock worth $46,688,000 after purchasing an additional 22,084 shares in the last quarter. Finally, Gs Investments Inc. bought a new stake in Ameriprise Financial in the second quarter worth $2,384,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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About Ameriprise Financial

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

Earnings History and Estimates for Ameriprise Financial (NYSE:AMP)

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