FY2024 Earnings Forecast for AMP Issued By Zacks Research

Ameriprise Financial, Inc. (NYSE:AMP) – Zacks Research issued their FY2024 earnings per share estimates for shares of Ameriprise Financial in a report released on Tuesday, November 19th. Zacks Research analyst R. Department anticipates 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 $34.41 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.

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

Ameriprise Financial Trading Up 1.9 %

Shares of NYSE AMP opened at $571.84 on Friday. The company has a market cap of $55.47 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.99. The stock’s 50 day simple moving average is $506.93 and its 200 day simple moving average is $456.82. Ameriprise Financial has a 12-month low of $345.43 and a 12-month high of $573.44.

Institutional Trading of Ameriprise Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMP. Geller Advisors LLC grew its position in shares of Ameriprise Financial by 2.2% during the 3rd quarter. Geller Advisors LLC now owns 878 shares of the financial services provider’s stock worth $412,000 after buying an additional 19 shares during the period. Legacy Capital Wealth Partners LLC lifted its stake in shares of Ameriprise Financial by 2.0% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 1,022 shares of the financial services provider’s stock valued at $480,000 after purchasing an additional 20 shares during the period. Ledyard National Bank grew its stake in shares of Ameriprise Financial by 3.2% during the third quarter. Ledyard National Bank now owns 733 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 23 shares during the period. Heartland Bank & Trust Co raised its holdings in Ameriprise Financial by 0.9% in the second quarter. Heartland Bank & Trust Co now owns 2,755 shares of the financial services provider’s stock worth $1,177,000 after purchasing an additional 24 shares during the period. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of Ameriprise Financial by 2.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 999 shares of the financial services provider’s stock valued at $470,000 after buying an additional 24 shares during the period. 83.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Ameriprise Financial

In other news, VP William Davies sold 8,700 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the transaction, the vice president now owns 13,199 shares of the company’s stock, valued at $5,834,881.93. This represents a 39.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gumer Alvero sold 2,325 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 4,669 shares in the company, valued at approximately $2,409,437.45. This represents a 33.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,415 shares of company stock worth $15,829,445 over the last three months. Company insiders own 0.73% of the company’s stock.

Ameriprise Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a dividend yield of 1.04%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 22.73%.

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.