Ameriprise Financial (AMP) to Release Quarterly Earnings on Monday

Ameriprise Financial (NYSE:AMP) is scheduled to release its earnings data after the market closes on Monday, April 22nd. Analysts expect Ameriprise Financial to post earnings of $8.14 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $7.75 earnings per share for the quarter, beating analysts’ consensus estimates of $7.67 by $0.08. Ameriprise Financial had a net margin of 16.27% and a return on equity of 77.39%. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.90 billion. During the same period last year, the business earned $6.94 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, analysts expect Ameriprise Financial to post $34 EPS for the current fiscal year and $37 EPS for the next fiscal year.

Ameriprise Financial Trading Up 1.1 %

NYSE AMP opened at $417.01 on Friday. The firm has a 50 day simple moving average of $416.89 and a 200-day simple moving average of $377.64. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.56 and a current ratio of 0.56. Ameriprise Financial has a one year low of $279.85 and a one year high of $440.67. The firm has a market cap of $41.78 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 0.68 and a beta of 1.36.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Investors of record on Friday, February 9th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $5.40 dividend on an annualized basis and a yield of 1.29%. Ameriprise Financial’s dividend payout ratio is currently 22.78%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of Ameriprise Financial from $437.00 to $488.00 and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Piper Sandler lifted their target price on shares of Ameriprise Financial from $360.00 to $392.00 and gave the company an “underweight” rating in a report on Friday, April 5th. Evercore ISI boosted their price objective on shares of Ameriprise Financial from $400.00 to $445.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Royal Bank of Canada boosted their target price on shares of Ameriprise Financial from $410.00 to $420.00 and gave the stock an “outperform” rating in a research report on Monday, January 22nd. Finally, Raymond James began coverage on shares of Ameriprise Financial in a research report on Thursday, March 21st. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $441.00.

Insiders Place Their Bets

In related news, SVP Dawn M. Brockman sold 224 shares of Ameriprise Financial stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $434.13, for a total transaction of $97,245.12. Following the sale, the senior vice president now directly owns 1,288 shares in the company, valued at $559,159.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Gumer Alvero sold 1,652 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $437.00, for a total value of $721,924.00. Following the completion of the sale, the insider now owns 6,994 shares of the company’s stock, valued at approximately $3,056,378. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Dawn M. Brockman sold 224 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $434.13, for a total value of $97,245.12. Following the completion of the sale, the senior vice president now owns 1,288 shares of the company’s stock, valued at $559,159.44. The disclosure for this sale can be found here. Insiders sold a total of 89,161 shares of company stock valued at $35,560,647 over the last 90 days. 0.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Financial Freedom LLC acquired a new position in shares of Ameriprise Financial during the fourth quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new position in shares of Ameriprise Financial during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. boosted its stake in shares of Ameriprise Financial by 106.6% during the 1st quarter. Brown Brothers Harriman & Co. now owns 126 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 65 shares during the period. Resurgent Financial Advisors LLC acquired a new stake in Ameriprise Financial during the 4th quarter worth approximately $46,000. Finally, Fairfield Bush & CO. acquired a new stake in Ameriprise Financial during the 1st quarter worth approximately $53,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

About Ameriprise Financial

Ameriprise Financial, Inc, together with 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.