Ameriprise Financial (NYSE:AMP) Releases Earnings Results, Beats Estimates By $0.26 EPS

Ameriprise Financial (NYSE:AMP) announced its earnings results on Thursday. The financial services provider reported $11.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.81 by $0.26, FiscalAI reports. The company had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.87 billion. Ameriprise Financial had a return on equity of 62.88% and a net margin of 20.57%.Ameriprise Financial’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.11 earnings per share.

Here are the key takeaways from Ameriprise Financial’s conference call:

• Ameriprise reported a strong quarter, with revenue up 13% to nearly $5 billion, adjusted operating earnings up 14% to $1 billion, and EPS up 22% to $11.07.
• Assets under management and advisement reached a new high of $1.8 trillion, while total client assets rose 15% to $1.2 trillion and wrap assets increased 19% to $732 billion.
• The company said Comerica-related outflows accelerated in the quarter and will continue through the end of the third quarter, though management expects the Huntington Bank onboarding to begin offsetting that impact in the fourth quarter.
• Advisor productivity hit a record $1.2 million, helped by technology and AI tools that management says are saving advisors significant time and improving client engagement.
• Capital return remained aggressive, with Ameriprise returning 91% of operating earnings to shareholders and repurchasing 1.7 million shares in the quarter, while the balance sheet stayed strong with $2.1 billion of excess capital and $2.8 billion of liquidity.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $522.14 on Friday. The company has a market capitalization of $46.94 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.16. The company’s 50-day moving average is $475.03 and its 200 day moving average is $474.65. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.66. Ameriprise Financial has a fifty-two week low of $422.37 and a fifty-two week high of $550.18.

Ameriprise Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 3rd will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Ameriprise Financial’s payout ratio is 16.91%.

Ameriprise Financial News Summary

Here are the key news stories impacting Ameriprise Financial this week:

• Positive Sentiment: Ameriprise reported Q2 EPS of $11.07, above consensus, and revenue of $4.90 billion, also topping estimates; revenue rose 11.6% year over year. Ameriprise Financial Announces Second Quarter 2026 Results
• Positive Sentiment: Management highlighted record AUM and AUA levels, which helped drive fee income and stronger quarterly profit. Ameriprise Financial quarterly profit rises on higher fee income
• Positive Sentiment: The board declared a quarterly cash dividend of $1.70 per share, signaling continued capital return to shareholders. Ameriprise Financial Declares Regular Quarterly Dividend
• Neutral Sentiment: Earnings-call coverage emphasized strong ROE and growth, but also noted that rising expenses remain a challenge for future margins. Ameriprise Earnings Call Highlights ROE and Growth
• Neutral Sentiment: The dividend will be paid on August 21 to shareholders of record on August 3, with the ex-dividend date also set for August 3. Ameriprise Financial Declares Regular Quarterly Dividend

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, EVP Gerard P. Smyth sold 6,255 shares of Ameriprise Financial stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $472.52, for a total value of $2,955,612.60. Following the sale, the executive vice president owned 6,103 shares of the company’s stock, valued at approximately $2,883,789.56. The trade was a 50.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $465.83, for a total transaction of $558,996.00. Following the completion of the transaction, the director owned 6,300 shares in the company, valued at approximately $2,934,729. The trade was a 16.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Ameriprise Financial

A number of large investors have recently bought and sold shares of AMP. WFA of San Diego LLC bought a new position in shares of Ameriprise Financial during the 2nd quarter worth $36,000. Prosperity Bancshares Inc purchased a new stake in Ameriprise Financial during the fourth quarter valued at about $33,000. Resources Management Corp CT ADV increased its stake in shares of Ameriprise Financial by 283.3% in the fourth quarter. Resources Management Corp CT ADV now owns 115 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 85 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Ameriprise Financial by 127.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 125 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 70 shares in the last quarter. Finally, DV Equities LLC bought a new stake in shares of Ameriprise Financial in the fourth quarter valued at approximately $64,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AMP. Keefe, Bruyette & Woods began coverage on Ameriprise Financial in a research report on Friday, April 10th. They issued a “hold” rating for the company. Weiss Ratings raised shares of Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Piper Sandler upped their target price on shares of Ameriprise Financial from $471.00 to $518.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. BMO Capital Markets increased their target price on shares of Ameriprise Financial from $470.00 to $490.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Finally, Morgan Stanley raised their price target on shares of Ameriprise Financial from $467.00 to $489.00 and gave the company an “underweight” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $553.67.

About Ameriprise Financial

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.