Ameriprise Financial, Inc. (NYSE:AMP) – Analysts at William Blair lifted their FY2018 earnings per share estimates for Ameriprise Financial in a report released on Wednesday, October 24th. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $15.22 for the year, up from their prior estimate of $14.50. William Blair also issued estimates for Ameriprise Financial’s Q4 2018 earnings at $3.87 EPS, Q2 2019 earnings at $4.25 EPS and Q3 2019 earnings at $4.10 EPS.
A number of other research firms also recently commented on AMP. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $169.00 price target on the stock in a research report on Friday, October 5th. ValuEngine upgraded shares of Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Sandler O’Neill set a $158.00 price target on shares of Ameriprise Financial and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $175.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 25th. Finally, Barclays dropped their price target on shares of Ameriprise Financial from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $161.25.
Ameriprise Financial (NYSE:AMP) last posted its earnings results on Tuesday, October 23rd. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.37. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. Ameriprise Financial had a net margin of 13.58% and a return on equity of 37.21%. Ameriprise Financial’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.12 EPS.
Several hedge funds have recently added to or reduced their stakes in the business. Summit Trail Advisors LLC raised its holdings in shares of Ameriprise Financial by 12,071.7% in the 1st quarter. Summit Trail Advisors LLC now owns 105,407 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 104,541 shares in the last quarter. IMA Wealth Inc. bought a new stake in shares of Ameriprise Financial in the 2nd quarter worth approximately $110,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Ameriprise Financial by 8,300.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 840 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 830 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new stake in shares of Ameriprise Financial in the 2nd quarter worth approximately $119,000. Finally, Valeo Financial Advisors LLC raised its holdings in shares of Ameriprise Financial by 56.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,075 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 389 shares in the last quarter. Institutional investors own 81.70% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, November 5th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.92%. Ameriprise Financial’s dividend payout ratio (DPR) is 29.34%.
Ameriprise Financial Company Profile
Ameriprise Financial, Inc, through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through Advice & Wealth Management, Asset Management, Annuities, and Protection segments. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors.
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