Ameriprise Financial (NYSE:AMP) Shares Cross Above Two Hundred Day Moving Average Following Weak Earnings

Shares of Ameriprise Financial, Inc. (NYSE:AMP) crossed above its 200-day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a 200-day moving average of $493.07 and traded as high as $498.84. Ameriprise Financial shares last traded at $498.6050, with a volume of 826,034 shares changing hands.

The financial services provider reported $11.26 earnings per share for the quarter, missing analysts’ consensus estimates of $11.77 by ($0.51). The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.10 billion. Ameriprise Financial had a return on equity of 64.19% and a net margin of 20.24%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $9.92 earnings per share.

Ameriprise Financial announced that its board has approved a share buyback plan on Tuesday, September 29th that permits the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 12.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Ameriprise Financial News Roundup

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

• Positive Sentiment: Ameriprise authorized a new $5.5 billion share-repurchase program running through September 30, 2028. The buyback, combined with return on equity above 56%—reported at 64.19% in one earnings release—signals management’s confidence and could support per-share earnings. Ameriprise outlines $5.5B buyback authorization
• Positive Sentiment: The company declared its regular $1.70 quarterly dividend, payable November 27 to shareholders of record November 9. Revenue also rose 6.8% year over year, while assets under management and related business metrics showed growth. Ameriprise Financial declares regular quarterly dividend
• Neutral Sentiment: Third-quarter results were reported differently depending on the earnings measure used. Zacks cited adjusted earnings of $12.07 per share, above its $11.60 consensus estimate, while MarketBeat reported GAAP EPS of $11.26, below the $11.77 consensus. Revenue was approximately $5.08 billion versus a $5.10 billion estimate, making the quality of earnings and expense trends important for investors. Ameriprise Q3 earnings and revenue
• Negative Sentiment: Rising expenses weighed on reported results and contributed to the GAAP earnings miss. Investors may also remain cautious about artificial-intelligence disruption risks affecting financial advice and asset management, although one analysis argues those concerns have created a valuation opportunity. Ameriprise Q3 earnings miss

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMP shares. Royal Bank Of Canada lifted their price objective on Ameriprise Financial from $560.00 to $595.00 in a report on Friday, July 24th. BMO Capital Markets cut their price target on shares of Ameriprise Financial from $560.00 to $520.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods upped their price target on shares of Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Raymond James Financial increased their price objective on shares of Ameriprise Financial from $582.00 to $638.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 21st. Finally, Jefferies Financial Group dropped their price objective on shares of Ameriprise Financial from $645.00 to $638.00 in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $557.00.

Insider Buying and Selling at Ameriprise Financial

In related news, EVP Deirdre Mcgraw sold 2,400 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $558.28, for a total value of $1,339,872.00. Following the completion of the transaction, the executive vice president owned 3,373 shares of the company’s stock, valued at approximately $1,883,078.44. This trade represents a 41.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dawn Brockman sold 472 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $558.93, for a total transaction of $263,814.96. Following the transaction, the senior vice president owned 713 shares of the company’s stock, valued at approximately $398,517.09. This represents a 39.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Frederick Financial Consultants LLC bought a new position in Ameriprise Financial during the 3rd quarter worth $562,000. One Way Holdings LLC acquired a new position in Ameriprise Financial in the 3rd quarter valued at $14,018,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ameriprise Financial in the 3rd quarter valued at $11,989,000. Profund Advisors LLC lifted its position in shares of Ameriprise Financial by 8.9% during the 3rd quarter. Profund Advisors LLC now owns 822 shares of the financial services provider’s stock valued at $405,000 after acquiring an additional 67 shares during the period. Finally, Vise Technologies Inc. lifted its position in shares of Ameriprise Financial by 5.5% during the 3rd quarter. Vise Technologies Inc. now owns 12,293 shares of the financial services provider’s stock valued at $6,052,000 after acquiring an additional 644 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Ameriprise Financial Trading Up 1.8%

The company has a market capitalization of $44.82 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.05 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a fifty day moving average price of $520.69 and a 200-day moving average price of $493.07.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc (NYSE:AMP) is a diversified financial services company that provides advice, wealth management, asset management, insurance and retirement solutions. Through its network of financial advisors and digital platforms, the company serves individuals, families, businesses and institutions with financial planning, investment management and related services.

Its products and services include brokerage and advisory accounts, mutual funds and exchange-traded funds, retirement plans, annuities, life and long-term care insurance, banking services and financial planning.