Ameriprise Financial (NYSE:AMP) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Ameriprise Financial (NYSE:AMP) posted its earnings results on Thursday. The financial services provider reported $11.07 EPS for the quarter, beating the consensus estimate of $10.81 by $0.26, FiscalAI reports. The company had revenue of $4.90 billion during the quarter, compared to analyst estimates of $4.87 billion. Ameriprise Financial had a return on equity of 62.88% and a net margin of 20.57%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $9.11 earnings per share.

Here are the key takeaways from Ameriprise Financial’s conference call:

• Ameriprise reported a strong quarter, with revenue up 13% to nearly $5 billion, adjusted operating earnings up 14% to $1 billion, and EPS up 22% to $11.07.
• Assets under management and advisement reached a new high of $1.8 trillion, while total client assets rose 15% to $1.2 trillion and wrap assets increased 19% to $732 billion.
• The company said Comerica-related outflows accelerated in the quarter and will continue through the end of the third quarter, though management expects the Huntington Bank onboarding to begin offsetting that impact in the fourth quarter.
• Advisor productivity hit a record $1.2 million, helped by technology and AI tools that management says are saving advisors significant time and improving client engagement.
• Capital return remained aggressive, with Ameriprise returning 91% of operating earnings to shareholders and repurchasing 1.7 million shares in the quarter, while the balance sheet stayed strong with $2.1 billion of excess capital and $2.8 billion of liquidity.

Ameriprise Financial Price Performance

Shares of NYSE AMP traded down $6.58 during trading on Thursday, hitting $520.25. The company had a trading volume of 147,371 shares, compared to its average volume of 684,535. The company has a market cap of $46.77 billion, a P/E ratio of 12.95, a PEG ratio of 0.94 and a beta of 1.16. Ameriprise Financial has a 52 week low of $422.37 and a 52 week high of $550.18. The business’s 50-day moving average is $474.03 and its 200 day moving average is $474.45. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.66.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMP. Keefe, Bruyette & Woods began coverage on Ameriprise Financial in a research report on Friday, April 10th. They set a “hold” rating for the company. Weiss Ratings upgraded Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Piper Sandler lifted their price objective on shares of Ameriprise Financial from $471.00 to $518.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Morgan Stanley lifted their price target on Ameriprise Financial from $467.00 to $489.00 and gave the company an “underweight” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group increased their price target on Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $553.67.

Insider Buying and Selling at Ameriprise Financial

In other news, EVP Gerard P. Smyth sold 6,255 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $472.52, for a total transaction of $2,955,612.60. Following the sale, the executive vice president directly owned 6,103 shares of the company’s stock, valued at $2,883,789.56. The trade was a 50.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $465.83, for a total value of $558,996.00. Following the completion of the transaction, the director owned 6,300 shares of the company’s stock, valued at $2,934,729. This trade represents a 16.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Institutional Trading of Ameriprise Financial

A number of hedge funds have recently bought and sold shares of AMP. State Street Corp boosted its holdings in shares of Ameriprise Financial by 0.4% in the third quarter. State Street Corp now owns 4,420,072 shares of the financial services provider’s stock worth $2,171,360,000 after buying an additional 18,879 shares during the period. Boston Partners raised its holdings in shares of Ameriprise Financial by 1.1% during the third quarter. Boston Partners now owns 1,193,048 shares of the financial services provider’s stock valued at $586,083,000 after acquiring an additional 13,172 shares during the period. AQR Capital Management LLC lifted its position in shares of Ameriprise Financial by 84.2% in the 4th quarter. AQR Capital Management LLC now owns 1,085,889 shares of the financial services provider’s stock valued at $532,455,000 after acquiring an additional 496,319 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Ameriprise Financial by 0.7% in the 4th quarter. Federated Hermes Inc. now owns 973,097 shares of the financial services provider’s stock valued at $477,148,000 after acquiring an additional 6,934 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Ameriprise Financial by 85.5% in the 4th quarter. First Trust Advisors LP now owns 828,437 shares of the financial services provider’s stock worth $406,216,000 after purchasing an additional 381,754 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Ameriprise Financial

Here are the key news stories impacting Ameriprise Financial this week:

• Positive Sentiment: Ameriprise reported second-quarter earnings of $11.07 per share, beating estimates and rising from $9.11 a year ago, while revenue of $4.90 billion also topped forecasts. Article Title
• Positive Sentiment: Profit improved on higher fee income, helped by a market rally that lifted the value of fee-generating assets and supported asset-based revenue growth. Article Title
• Positive Sentiment: The company also maintained shareholder returns by declaring a regular quarterly dividend of $1.70 per share, signaling continued confidence in cash flow and capital position. Article Title
• Neutral Sentiment: Management is hosting its earnings conference call and has released second-quarter 2026 results and presentation materials, which may provide more detail on growth outlook and capital allocation. Article Title
• Neutral Sentiment: Analyst previews ahead of earnings pointed to support from growth in assets under management and higher fees, but this was already broadly expected going into the report. Article Title

Ameriprise Financial Company Profile

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.