Research Analysts Offer Predictions for Ameriprise Financial, Inc.’s Q4 2024 Earnings (NYSE:AMP)

Ameriprise Financial, Inc. (NYSE:AMP) – William Blair boosted their Q4 2024 EPS estimates for Ameriprise Financial in a report released on Monday, October 14th. William Blair analyst J. Schmitt now anticipates that the financial services provider will post earnings per share of $9.29 for the quarter, up from their prior forecast 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.

Other analysts have also issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of Ameriprise Financial from $500.00 to $535.00 and gave the stock an “outperform” rating in a report on Friday, October 11th. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $485.00 to $476.00 in a report on Thursday, September 26th. Morgan Stanley lowered their target price on shares of Ameriprise Financial from $444.00 to $440.00 and set an “equal weight” rating for the company in a report on Monday, July 29th. Jefferies Financial Group lifted their target price on shares of Ameriprise Financial from $500.00 to $504.00 and gave the stock a “buy” rating in a report on Friday, June 28th. Finally, Piper Sandler lowered their target price on shares of Ameriprise Financial from $390.00 to $387.00 and set an “underweight” rating for the company in a report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $473.56.

Ameriprise Financial Stock Performance

Shares of Ameriprise Financial stock opened at $517.46 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market cap of $51.40 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.81 and a beta of 1.35. The firm has a 50 day simple moving average of $452.81 and a 200 day simple moving average of $435.99. Ameriprise Financial has a fifty-two week low of $306.63 and a fifty-two week high of $518.05.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $8.72 earnings per share for the quarter, beating 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 net margin of 18.64% and a return on equity of 73.83%. Ameriprise Financial’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $7.44 earnings per share.

Ameriprise Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, August 5th. Ameriprise Financial’s dividend payout ratio (DPR) is 20.15%.

Insider Activity

In related news, VP William Davies sold 8,700 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $442.07, for a total value of $3,846,009.00. Following the sale, the vice president now directly owns 13,199 shares of the company’s stock, valued at approximately $5,834,881.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ameriprise Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC lifted its position in Ameriprise Financial by 31.4% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 33 shares in the last quarter. Global Retirement Partners LLC lifted its position in Ameriprise Financial by 8.8% in the 3rd quarter. Global Retirement Partners LLC now owns 3,732 shares of the financial services provider’s stock valued at $1,753,000 after acquiring an additional 301 shares in the last quarter. Bfsg LLC lifted its position in Ameriprise Financial by 13.1% during the 3rd quarter. Bfsg LLC now owns 4,477 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 520 shares in the last quarter. Asset Dedication LLC lifted its position in Ameriprise Financial by 74.3% during the 3rd quarter. Asset Dedication LLC now owns 176 shares of the financial services provider’s stock worth $83,000 after buying an additional 75 shares in the last quarter. Finally, Zhang Financial LLC lifted its position in Ameriprise Financial by 13.8% during the 3rd quarter. Zhang Financial LLC now owns 3,272 shares of the financial services provider’s stock worth $1,537,000 after buying an additional 396 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

About Ameriprise Financial

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.