Wall Street analysts predict that Ameriprise Financial (NYSE:AMP) will post earnings per share of $3.50 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ameriprise Financial’s earnings. The highest EPS estimate is $3.64 and the lowest is $3.35. Ameriprise Financial posted earnings of $2.70 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 29.6%. The firm is expected to announce its next quarterly earnings report after the market closes on Monday, April 23rd.
On average, analysts expect that Ameriprise Financial will report full year earnings of $14.38 per share for the current financial year, with EPS estimates ranging from $14.00 to $14.64. For the next fiscal year, analysts expect that the business will report earnings of $15.77 per share, with EPS estimates ranging from $14.75 to $17.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Ameriprise Financial.
Ameriprise Financial (NYSE:AMP) last released its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($1.90). Ameriprise Financial had a net margin of 12.31% and a return on equity of 31.03%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm posted $2.46 EPS. The company’s revenue was up 9.6% on a year-over-year basis.
A number of equities research analysts have recently weighed in on AMP shares. Zacks Investment Research lowered Ameriprise Financial from a “hold” rating to a “sell” rating in a research note on Monday. Morgan Stanley lowered their target price on Ameriprise Financial from $190.00 to $184.00 and set an “overweight” rating for the company in a research note on Thursday, April 5th. UBS started coverage on Ameriprise Financial in a research note on Friday, March 2nd. They issued a “buy” rating and a $217.00 target price for the company. ValuEngine lowered Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Sandler O’Neill set a $150.00 target price on Ameriprise Financial and gave the company a “hold” rating in a research note on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $169.22.
In other news, EVP Randy Kupper sold 4,381 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $159.61, for a total value of $699,251.41. Following the completion of the transaction, the executive vice president now owns 21,607 shares of the company’s stock, valued at approximately $3,448,693.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Deirdre Davey Mcgraw sold 5,500 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $174.04, for a total value of $957,220.00. Following the completion of the transaction, the executive vice president now directly owns 8,138 shares of the company’s stock, valued at approximately $1,416,337.52. The disclosure for this sale can be found here. Insiders have sold a total of 41,260 shares of company stock valued at $7,105,121 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new position in shares of Ameriprise Financial in the 4th quarter worth approximately $101,000. Capital Analysts LLC raised its position in shares of Ameriprise Financial by 953.0% in the 4th quarter. Capital Analysts LLC now owns 5,981 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 5,413 shares in the last quarter. Lee Financial Co raised its position in shares of Ameriprise Financial by 99.4% in the 4th quarter. Lee Financial Co now owns 682 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 340 shares in the last quarter. Virtue Capital Management LLC bought a new position in shares of Ameriprise Financial in the 4th quarter worth approximately $128,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Ameriprise Financial by 150.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 780 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 468 shares in the last quarter. 86.73% of the stock is owned by hedge funds and other institutional investors.
NYSE AMP opened at $144.29 on Wednesday. Ameriprise Financial has a 1-year low of $118.84 and a 1-year high of $183.90. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $20,688.45, a PE ratio of 11.76 and a beta of 1.84.
About Ameriprise Financial
Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.
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