Ameriprise Financial, Inc. (NYSE:AMP) – Stock analysts at William Blair lifted their FY2018 EPS estimates for Ameriprise Financial in a report released on Wednesday, October 24th. William Blair analyst A. Klauber now forecasts that the financial services provider will post earnings per share of $15.22 for the year, up from their previous 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.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Tuesday, October 23rd. The financial services provider reported $4.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.68 by $0.37. Ameriprise Financial had a net margin of 13.58% and a return on equity of 37.21%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the firm earned $3.12 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the stock. Sandler O’Neill set a $158.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research report on Wednesday, July 25th. ValuEngine cut shares of Ameriprise Financial from a “hold” rating to a “sell” rating in a research report on Friday, July 20th. Barclays dropped their target price 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. UBS Group dropped their target price on shares of Ameriprise Financial from $204.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 24th. Finally, Morgan Stanley lifted their target price 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $161.25.

Ameriprise Financial stock opened at $122.00 on Monday. Ameriprise Financial has a 52 week low of $120.79 and a 52 week high of $183.90. The company has a current ratio of 0.66, a quick ratio of 0.69 and a debt-to-equity ratio of 0.75. The company has a market cap of $17.31 billion, a price-to-earnings ratio of 9.94 and a beta of 1.80.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Ameriprise Financial by 3.8% in the 2nd quarter. BlackRock Inc. now owns 10,832,182 shares of the financial services provider’s stock worth $1,515,207,000 after purchasing an additional 392,679 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Ameriprise Financial by 14.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,095,187 shares of the financial services provider’s stock worth $432,954,000 after purchasing an additional 382,319 shares during the period. LSV Asset Management raised its holdings in shares of Ameriprise Financial by 3.9% in the 2nd quarter. LSV Asset Management now owns 3,047,472 shares of the financial services provider’s stock worth $426,280,000 after purchasing an additional 113,705 shares during the period. FMR LLC raised its holdings in shares of Ameriprise Financial by 65.9% in the 2nd quarter. FMR LLC now owns 2,079,355 shares of the financial services provider’s stock worth $290,861,000 after purchasing an additional 825,832 shares during the period. Finally, American Century Companies Inc. raised its holdings in Ameriprise Financial by 26.9% during the 2nd quarter. American Century Companies Inc. now owns 1,796,655 shares of the financial services provider’s stock valued at $251,316,000 after acquiring an additional 380,361 shares during the period. 81.67% of the stock is currently owned by institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Monday, November 5th will be issued a $0.90 dividend. 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 2.95%. Ameriprise Financial’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for Ameriprise Financial (NYSE:AMP)

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