Brokerages predict that Ameriprise Financial, Inc. (NYSE:AMP) will announce earnings of $3.52 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Ameriprise Financial’s earnings. The lowest EPS estimate is $3.40 and the highest is $3.64. Ameriprise Financial posted earnings per share of $2.70 in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.4%. The company is scheduled to report its next quarterly earnings results on Monday, April 23rd.

On average, analysts expect that Ameriprise Financial will report full-year earnings of $14.43 per share for the current year, with EPS estimates ranging from $14.15 to $14.64. For the next fiscal year, analysts forecast that the business will report earnings of $15.79 per share, with EPS estimates ranging from $14.80 to $17.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Ameriprise Financial.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.08 by ($1.90). Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis.

A number of analysts recently commented on the company. Morgan Stanley raised their price target on Ameriprise Financial from $187.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, January 25th. SunTrust Banks raised their price target on Ameriprise Financial to $180.00 and gave the stock a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research raised Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Wednesday, January 10th. Royal Bank of Canada set a $168.00 price objective on Ameriprise Financial and gave the company a “hold” rating in a research report on Saturday, December 16th. Finally, ValuEngine lowered Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Ameriprise Financial currently has an average rating of “Buy” and an average target price of $164.98.

In other news, Chairman James M. Cracchiolo sold 42,228 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.33, for a total transaction of $6,728,187.24. Following the completion of the transaction, the chairman now directly owns 242,013 shares in the company, valued at $38,559,931.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO James M. Cracchiolo sold 2,428 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total value of $391,077.96. Following the transaction, the chief executive officer now owns 242,013 shares of the company’s stock, valued at $38,981,033.91. The disclosure for this sale can be found here. Insiders have sold 94,284 shares of company stock valued at $15,690,258 in the last three months. Insiders own 1.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. IHT Wealth Management LLC increased its holdings in Ameriprise Financial by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock worth $113,000 after buying an additional 230 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Ameriprise Financial by 60.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock worth $174,000 after buying an additional 517 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Ameriprise Financial in the 3rd quarter worth about $200,000. Shelton Capital Management bought a new stake in Ameriprise Financial in the 3rd quarter worth about $203,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Ameriprise Financial in the 3rd quarter worth about $211,000. Hedge funds and other institutional investors own 80.68% of the company’s stock.

Shares of Ameriprise Financial (AMP) traded down $0.43 during mid-day trading on Friday, reaching $167.07. The company had a trading volume of 217,682 shares, compared to its average volume of 1,110,278. Ameriprise Financial has a 12 month low of $118.84 and a 12 month high of $183.90. The stock has a market capitalization of $24,778.27, a price-to-earnings ratio of 13.63 and a beta of 1.85. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.67 and a quick ratio of 0.67.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, February 15th. Ameriprise Financial’s dividend payout ratio is currently 35.17%.

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About Ameriprise Financial

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

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Earnings History and Estimates for Ameriprise Financial (NYSE:AMP)

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