William Blair Analysts Lower Earnings Estimates for AMP

Ameriprise Financial, Inc. (NYSE:AMP) – Research analysts at William Blair decreased their Q4 2024 earnings per share (EPS) estimates for Ameriprise Financial in a research report issued on Monday, January 13th. William Blair analyst J. Schmitt now forecasts that the financial services provider will post earnings per share of $9.20 for the quarter, down from their previous forecast of $9.21. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.25 per share. William Blair also issued estimates for Ameriprise Financial’s FY2025 earnings at $39.00 EPS and FY2026 earnings at $43.00 EPS.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods reduced their price target on shares of Ameriprise Financial from $565.00 to $560.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Morgan Stanley increased their target price on Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lowered Ameriprise Financial from a “buy” rating to a “neutral” rating and decreased their price target for the company from $485.00 to $476.00 in a report on Thursday, September 26th. UBS Group downgraded shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $580.00 to $570.00 in a research note on Monday, January 6th. Finally, Royal Bank of Canada lifted their price objective on shares of Ameriprise Financial from $535.00 to $550.00 and gave the company an “outperform” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Ameriprise Financial has an average rating of “Hold” and an average price target of $494.89.

Ameriprise Financial Price Performance

AMP stock opened at $526.21 on Wednesday. Ameriprise Financial has a 52-week low of $368.41 and a 52-week high of $577.00. The firm has a market capitalization of $51.05 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 0.96 and a beta of 1.36. The firm has a 50 day moving average price of $549.04 and a 200-day moving average price of $487.35. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.65 and a current ratio of 0.65.

Institutional Investors Weigh In On Ameriprise Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Oakworth Capital Inc. bought a new position in Ameriprise Financial during the 3rd quarter worth $31,000. Country Trust Bank lifted its position in Ameriprise Financial by 213.6% in the third quarter. Country Trust Bank now owns 69 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 47 shares during the period. Peterson Financial Group Inc. acquired a new position in Ameriprise Financial during the third quarter worth about $45,000. Friedenthal Financial bought a new stake in shares of Ameriprise Financial in the 4th quarter worth approximately $58,000. Finally, Trifecta Capital Advisors LLC boosted its stake in shares of Ameriprise Financial by 31.4% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 138 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In related news, CFO Walter Stanley Berman sold 8,655 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $564.16, for a total value of $4,882,804.80. Following the sale, the chief financial officer now owns 6,409 shares of the company’s stock, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gumer Alvero sold 2,325 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $2,409,437.45. The trade was a 33.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,715 shares of company stock valued at $11,983,436 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $1.48 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.13%. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

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.