Ameriprise Financial, Inc. (NYSE:AMP – Get Rating) – Investment analysts at Jefferies Financial Group raised their FY2022 EPS estimates for Ameriprise Financial in a report issued on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now anticipates that the financial services provider will post earnings of $24.68 per share for the year, up from their previous forecast of $23.90. The consensus estimate for Ameriprise Financial’s current full-year earnings is $24.38 per share. Jefferies Financial Group also issued estimates for Ameriprise Financial’s Q4 2022 earnings at $6.45 EPS, Q1 2023 earnings at $6.98 EPS, Q2 2023 earnings at $7.19 EPS, Q3 2023 earnings at $7.39 EPS, Q4 2023 earnings at $7.71 EPS, FY2023 earnings at $29.25 EPS, FY2024 earnings at $33.00 EPS, FY2025 earnings at $37.90 EPS and FY2026 earnings at $43.65 EPS.
Ameriprise Financial (NYSE:AMP – Get Rating) last posted its quarterly earnings results on Wednesday, October 26th. The financial services provider reported $6.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.85 by $0.58. Ameriprise Financial had a return on equity of 61.53% and a net margin of 19.17%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the firm earned $5.91 EPS. Ameriprise Financial’s quarterly revenue was up 20.3% compared to the same quarter last year.
Ameriprise Financial Stock Up 0.7 %
Shares of AMP opened at $332.60 on Thursday. The stock’s 50 day moving average is $288.33 and its two-hundred day moving average is $270.04. The firm has a market cap of $35.40 billion, a P/E ratio of 13.87, a PEG ratio of 0.78 and a beta of 1.47. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.60. Ameriprise Financial has a 12 month low of $219.99 and a 12 month high of $339.41.
Ameriprise Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, November 4th. Ameriprise Financial’s dividend payout ratio is currently 20.85%.
Insiders Place Their Bets
In other Ameriprise Financial news, CFO Walter Stanley Berman sold 11,983 shares of Ameriprise Financial stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $327.81, for a total transaction of $3,928,147.23. Following the completion of the sale, the chief financial officer now owns 10,751 shares of the company’s stock, valued at approximately $3,524,285.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Walter Stanley Berman sold 11,983 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $327.81, for a total transaction of $3,928,147.23. Following the transaction, the chief financial officer now directly owns 10,751 shares of the company’s stock, valued at $3,524,285.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gerard P. Smyth sold 4,129 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $324.66, for a total transaction of $1,340,521.14. Following the completion of the sale, the executive vice president now owns 5,272 shares of the company’s stock, valued at $1,711,607.52. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Institutional Trading of Ameriprise Financial
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Ameriprise Financial by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 13,681,421 shares of the financial services provider’s stock valued at $4,109,352,000 after buying an additional 302,243 shares during the period. Thrivent Financial for Lutherans lifted its position in Ameriprise Financial by 1,166.6% in the second quarter. Thrivent Financial for Lutherans now owns 312,845 shares of the financial services provider’s stock worth $74,358,000 after purchasing an additional 288,145 shares during the period. Invesco Ltd. lifted its holdings in shares of Ameriprise Financial by 33.5% in the first quarter. Invesco Ltd. now owns 1,078,807 shares of the financial services provider’s stock valued at $324,031,000 after purchasing an additional 270,755 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Ameriprise Financial by 48.5% during the first quarter. Goldman Sachs Group Inc. now owns 763,424 shares of the financial services provider’s stock worth $229,303,000 after buying an additional 249,192 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Ameriprise Financial by 121.4% in the first quarter. Prudential Financial Inc. now owns 362,345 shares of the financial services provider’s stock valued at $108,834,000 after buying an additional 198,694 shares during the period. 82.92% of the stock is currently owned by hedge funds and other institutional investors.
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 four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.
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