Equities analysts expect Ameriprise Financial, Inc. (NYSE:AMP) to announce earnings of $3.52 per share for the current quarter, Zacks reports. Two analysts have made estimates for Ameriprise Financial’s earnings, with the highest EPS estimate coming in at $3.64 and the lowest estimate coming in at $3.40. Ameriprise Financial reported earnings per share of $2.70 in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.4%. The business is expected to issue its next quarterly earnings report on Monday, April 23rd.
On average, analysts expect that Ameriprise Financial will report full-year earnings of $14.43 per share for the current year, with EPS estimates ranging from $14.15 to $14.64. For the next year, analysts anticipate that the firm will post earnings of $15.79 per share, with EPS estimates ranging from $14.80 to $17.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Ameriprise Financial.
Ameriprise Financial (NYSE:AMP) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.08 by ($1.90). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 EPS.
Several research analysts have commented on the company. Sandler O’Neill set a $165.00 target price on Ameriprise Financial and gave the stock a “hold” rating in a research note on Monday, February 12th. SunTrust Banks boosted their target price on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research note on Friday, January 19th. Royal Bank of Canada set a $168.00 target price on Ameriprise Financial and gave the stock a “hold” rating in a research note on Saturday, December 16th. Zacks Investment Research downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Finally, ValuEngine downgraded Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Ameriprise Financial currently has a consensus rating of “Buy” and a consensus target price of $164.98.
In other news, CEO William F. Truscott sold 31,379 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $173.64, for a total transaction of $5,448,649.56. Following the sale, the chief executive officer now directly owns 67,058 shares in the company, valued at $11,643,951.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David Kent Stewart sold 603 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $160.72, for a total value of $96,914.16. Following the sale, the insider now owns 20,081 shares in the company, valued at $3,227,418.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,628 shares of company stock worth $8,570,993. Company insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in AMP. Victory Capital Management Inc. boosted its holdings in Ameriprise Financial by 499.6% in the third quarter. Victory Capital Management Inc. now owns 552,144 shares of the financial services provider’s stock valued at $81,999,000 after acquiring an additional 460,058 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in Ameriprise Financial in the fourth quarter valued at approximately $54,782,000. Canada Pension Plan Investment Board boosted its holdings in Ameriprise Financial by 147.7% in the third quarter. Canada Pension Plan Investment Board now owns 504,364 shares of the financial services provider’s stock valued at $74,903,000 after acquiring an additional 300,748 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Ameriprise Financial in the fourth quarter valued at approximately $47,935,000. Finally, Renaissance Group LLC boosted its holdings in Ameriprise Financial by 12,127.8% in the third quarter. Renaissance Group LLC now owns 219,978 shares of the financial services provider’s stock valued at $32,669,000 after acquiring an additional 218,179 shares during the last quarter. Institutional investors own 80.51% of the company’s stock.
Shares of Ameriprise Financial (AMP) traded up $0.14 during midday trading on Monday, reaching $159.52. The company’s stock had a trading volume of 100,997 shares, compared to its average volume of 1,160,420. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $23,485.37, a P/E ratio of 16.98 and a beta of 1.85. Ameriprise Financial has a 12-month low of $118.84 and a 12-month high of $183.90.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, February 15th. Ameriprise Financial’s dividend payout ratio (DPR) is currently 35.17%.
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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.
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