Brokerages Anticipate Ameriprise Financial (AMP) to Announce $3.54 EPS

Equities research analysts expect Ameriprise Financial (NYSE:AMP) to report earnings per share of $3.54 for the current quarter, Zacks reports. Two analysts have made estimates for Ameriprise Financial’s earnings, with the highest EPS estimate coming in at $3.57 and the lowest estimate coming in at $3.49. Ameriprise Financial posted earnings of $2.80 per share during the same quarter last year, which indicates a positive year over year growth rate of 26.4%. The business is expected to report its next quarterly earnings report on Tuesday, July 24th.

According to Zacks, analysts expect that Ameriprise Financial will report full-year earnings of $14.44 per share for the current year, with EPS estimates ranging from $14.40 to $14.50. For the next financial year, analysts forecast that the firm will report earnings of $15.82 per share, with EPS estimates ranging from $15.05 to $17.00. Zacks Investment Research’s 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 announced its earnings results on Monday, April 23rd. The financial services provider reported $3.70 EPS for the quarter, beating the consensus estimate of $3.46 by $0.24. Ameriprise Financial had a return on equity of 33.67% and a net margin of 13.59%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company earned $2.52 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year.



Several equities research analysts recently commented on AMP shares. Zacks Investment Research lowered Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Monday, April 9th. ValuEngine downgraded Ameriprise Financial from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Morgan Stanley dropped their price target on Ameriprise Financial from $190.00 to $184.00 and set an “overweight” rating on the stock in a research note on Thursday, April 5th. UBS initiated coverage on Ameriprise Financial in a research note on Friday, March 2nd. They set a “buy” rating and a $217.00 price target on the stock. Finally, SunTrust Banks upped their price target on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research note on Friday, January 19th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $167.22.

Shares of Ameriprise Financial stock traded down $1.50 on Friday, hitting $131.49. 1,589,739 shares of the company’s stock traded hands, compared to its average volume of 1,109,857. Ameriprise Financial has a one year low of $118.84 and a one year high of $183.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $20,347.49, a price-to-earnings ratio of 10.72 and a beta of 1.86.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 18th. Investors of record on Monday, May 7th will be paid a dividend of $0.90 per share. This is an increase from Ameriprise Financial’s previous quarterly dividend of $0.83. This represents a $3.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Friday, May 4th. Ameriprise Financial’s dividend payout ratio is 27.06%.

In related news, EVP Randy Kupper sold 4,381 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $159.61, for a total transaction of $699,251.41. Following the transaction, the executive vice president now directly owns 21,607 shares of the company’s stock, valued at approximately $3,448,693.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of AMP. Buckingham Capital Management Inc. raised its stake in shares of Ameriprise Financial by 3.6% in the third quarter. Buckingham Capital Management Inc. now owns 12,190 shares of the financial services provider’s stock worth $1,810,000 after purchasing an additional 420 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Ameriprise Financial by 16.4% in the third quarter. Prudential Financial Inc. now owns 570,473 shares of the financial services provider’s stock worth $84,721,000 after purchasing an additional 80,220 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of Ameriprise Financial by 8.6% in the fourth quarter. Leavell Investment Management Inc. now owns 3,807 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 300 shares during the last quarter. Starfire Investment Advisers Inc. purchased a new stake in shares of Ameriprise Financial in the fourth quarter worth approximately $510,000. Finally, Atria Investments LLC raised its stake in shares of Ameriprise Financial by 8.1% in the fourth quarter. Atria Investments LLC now owns 16,496 shares of the financial services provider’s stock worth $2,796,000 after purchasing an additional 1,232 shares during the last quarter. 86.80% of the stock is owned by hedge funds and other institutional investors.

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

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