Ameriprise Financial (AMP) Projected to Post Earnings on Thursday

Ameriprise Financial (NYSE:AMP) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, April 24th. Analysts expect Ameriprise Financial to post earnings of $9.17 per share and revenue of $4.45 billion for the quarter.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $9.36 earnings per share for the quarter, beating analysts’ consensus estimates of $9.16 by $0.20. Ameriprise Financial had a net margin of 19.70% and a return on equity of 69.35%. On average, analysts expect Ameriprise Financial to post $39 EPS for the current fiscal year and $42 EPS for the next fiscal year.

Ameriprise Financial Trading Down 2.8 %

Shares of NYSE AMP opened at $451.75 on Tuesday. The company has a market cap of $43.28 billion, a PE ratio of 13.66, a P/E/G ratio of 1.15 and a beta of 1.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.59 and a current ratio of 0.59. The firm’s 50 day moving average price is $492.90 and its 200-day moving average price is $523.00. Ameriprise Financial has a 52-week low of $385.74 and a 52-week high of $582.05.

Ameriprise Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Monday, February 10th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $5.92 annualized dividend and a yield of 1.31%. Ameriprise Financial’s dividend payout ratio is 17.91%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler boosted their target price on Ameriprise Financial from $415.00 to $442.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $507.00 to $542.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Raymond James upgraded shares of Ameriprise Financial from a “market perform” rating to a “strong-buy” rating and set a $518.00 target price on the stock in a report on Monday, April 7th. Keefe, Bruyette & Woods decreased their target price on shares of Ameriprise Financial from $570.00 to $520.00 and set a “market perform” rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group cut Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $580.00 to $570.00 in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $517.44.

Insider Buying and Selling

In other Ameriprise Financial news, Director Robert Francis Sharpe, Jr. sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $523.12, for a total transaction of $523,120.00. Following the sale, the director now owns 10,000 shares in the company, valued at approximately $5,231,200. This trade represents a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William F. Truscott sold 6,000 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $540.29, for a total transaction of $3,241,740.00. Following the completion of the sale, the chief executive officer now directly owns 14,023 shares of the company’s stock, valued at approximately $7,576,486.67. This trade represents a 29.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,636 shares of company stock valued at $6,263,989. 0.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ameriprise Financial

An institutional investor recently raised its position in Ameriprise Financial stock. Brighton Jones LLC raised its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 777 shares of the financial services provider’s stock after buying an additional 50 shares during the quarter. Brighton Jones LLC’s holdings in Ameriprise Financial were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 83.95% of the stock is currently owned by institutional investors.

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.