What is Zacks Research’s Forecast for AMP FY2024 Earnings?

Ameriprise Financial, Inc. (NYSE:AMP) – Investment analysts at Zacks Research issued their FY2024 earnings per share (EPS) estimates for shares of Ameriprise Financial in a report issued on Tuesday, November 19th. Zacks Research analyst R. Department expects that the financial services provider will earn $33.89 per share for the year. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.33 per share. Zacks Research also issued estimates for Ameriprise Financial’s Q3 2025 earnings at $8.95 EPS, Q4 2025 earnings at $10.44 EPS and Q3 2026 earnings at $9.81 EPS.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. UBS Group boosted their target price on Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and cut their price target for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Royal Bank of Canada boosted their price target on Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Ameriprise Financial presently has an average rating of “Hold” and a consensus target price of $487.67.

Ameriprise Financial Stock Performance

Shares of AMP opened at $572.07 on Friday. The company has a market capitalization of $55.50 billion, a PE ratio of 21.96, a PEG ratio of 0.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50 day moving average price is $509.57 and its 200 day moving average price is $458.07. Ameriprise Financial has a 52 week low of $345.43 and a 52 week high of $575.37.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 4th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, November 4th. Ameriprise Financial’s dividend payout ratio is 22.73%.

Insider Transactions at Ameriprise Financial

In related news, insider Gumer Alvero sold 2,325 shares of Ameriprise Financial stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now owns 4,669 shares in the company, valued at $2,409,437.45. This trade represents a 33.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joseph Edward Sweeney sold 10,735 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the sale, the insider now owns 5,811 shares of the company’s stock, valued at $3,194,190.48. This trade represents a 64.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,415 shares of company stock worth $15,829,445. 0.73% of the stock is owned by insiders.

Institutional Trading of Ameriprise Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC grew its stake in shares of Ameriprise Financial by 3,275.0% in the third quarter. Anchor Investment Management LLC now owns 270 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 262 shares during the last quarter. Passumpsic Savings Bank bought a new stake in Ameriprise Financial in the 3rd quarter valued at $211,000. Unigestion Holding SA boosted its holdings in Ameriprise Financial by 80.0% in the 3rd quarter. Unigestion Holding SA now owns 4,436 shares of the financial services provider’s stock valued at $2,084,000 after purchasing an additional 1,971 shares during the period. Coldstream Capital Management Inc. grew its position in Ameriprise Financial by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 4,009 shares of the financial services provider’s stock worth $1,899,000 after purchasing an additional 249 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Ameriprise Financial by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,609,486 shares of the financial services provider’s stock worth $1,222,943,000 after purchasing an additional 31,158 shares during the period. Institutional investors and hedge funds 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.