What is Zacks Research’s Estimate for AMP Q2 Earnings?

14 Nov 2024, 14:48 by Sarita Garza · The Markets Daily

Ameriprise Financial, Inc. (NYSE:AMP – Free Report) – Equities research analysts at Zacks Research raised their Q2 2025 earnings per share (EPS) estimates for Ameriprise Financial in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $9.31 per share for the quarter, up from their previous forecast of $9.25. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.46 per share. Zacks Research also issued estimates for Ameriprise Financial’s Q3 2025 earnings at $9.73 EPS, Q4 2025 earnings at $10.47 EPS, FY2025 earnings at $38.35 EPS and Q1 2026 earnings at $9.97 EPS.

Other research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods boosted their price objective on Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 29th. UBS Group increased their target price on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group downgraded Ameriprise Financial from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $485.00 to $476.00 in a research note on Thursday, September 26th. Royal Bank of Canada raised their target price on Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley upped their price target 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $487.67.

Check Out Our Latest Stock Report on Ameriprise Financial

Ameriprise Financial Price Performance

AMP opened at $559.89 on Thursday. Ameriprise Financial has a 1 year low of $338.00 and a 1 year high of $569.47. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $54.31 billion, a price-to-earnings ratio of 21.49, a P/E/G ratio of 0.97 and a beta of 1.34. The firm’s fifty day moving average price is $491.47 and its two-hundred day moving average price is $450.87.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Atomi Financial Group Inc. purchased a new stake in Ameriprise Financial during the 1st quarter valued at $207,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Ameriprise Financial during the first quarter worth about $217,000. Bleakley Financial Group LLC grew its stake in shares of Ameriprise Financial by 2.9% in the first quarter. Bleakley Financial Group LLC now owns 2,758 shares of the financial services provider’s stock worth $1,209,000 after purchasing an additional 77 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Ameriprise Financial by 3.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 7,377 shares of the financial services provider’s stock valued at $3,235,000 after purchasing an additional 254 shares during the period. Finally, Great Lakes Retirement Inc. raised its position in Ameriprise Financial by 1.9% during the 1st quarter. Great Lakes Retirement Inc. now owns 6,392 shares of the financial services provider’s stock valued at $2,803,000 after purchasing an additional 122 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Activity at Ameriprise Financial

In other news, VP William Davies sold 8,700 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $442.07, for a total transaction of $3,846,009.00. Following the sale, the vice president now owns 13,199 shares in the company, valued at approximately $5,834,881.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Joseph Edward Sweeney sold 10,735 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $549.68, for a total transaction of $5,900,814.80. Following the transaction, the insider now directly owns 5,811 shares in the company, valued at approximately $3,194,190.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP William Davies sold 8,700 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $442.07, for a total value of $3,846,009.00. Following the completion of the sale, the vice president now owns 13,199 shares of the company’s stock, valued at $5,834,881.93. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,415 shares of company stock valued at $15,829,445 over the last three months. 0.73% of the stock is owned by corporate insiders.

Ameriprise Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 4th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, November 4th. Ameriprise Financial’s dividend payout ratio (DPR) is 22.73%.

About Ameriprise Financial

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