Ameriprise Financial (NYSE:AMP - Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $8.99 per share and revenue of $4.33 billion for the quarter.
Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $9.50 EPS for the quarter, topping the consensus estimate of $9.08 by $0.42. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.45 billion. Ameriprise Financial had a net margin of 17.14% and a return on equity of 68.93%. Ameriprise Financial's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.39 EPS. On average, analysts expect Ameriprise Financial to post $39 EPS for the current fiscal year and $42 EPS for the next fiscal year.
Ameriprise Financial Trading Up 0.3%
NYSE AMP traded up $1.79 during trading on Friday, reaching $541.61. 37,141 shares of the stock traded hands, compared to its average volume of 490,908. The firm has a market cap of $51.57 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.12 and a beta of 1.23. The stock's 50-day moving average price is $520.25 and its 200 day moving average price is $511.42. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.10. Ameriprise Financial has a fifty-two week low of $385.74 and a fifty-two week high of $582.05.
Ameriprise Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 5th were issued a dividend of $1.60 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $6.40 dividend on an annualized basis and a yield of 1.18%. This is a boost from Ameriprise Financial's previous quarterly dividend of $1.48. Ameriprise Financial's payout ratio is currently 21.75%.
Ameriprise Financial declared that its Board of Directors has initiated a share buyback plan on Thursday, April 24th that permits the company to buyback $4.50 billion in shares. This buyback authorization permits the financial services provider to reacquire up to 9.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.
Institutional Trading of Ameriprise Financial
A hedge fund recently raised its stake in Ameriprise Financial stock. Empowered Funds LLC boosted its position in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 11.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,022 shares of the financial services provider's stock after acquiring an additional 634 shares during the quarter. Empowered Funds LLC's holdings in Ameriprise Financial were worth $2,915,000 at the end of the most recent reporting period. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AMP. Royal Bank Of Canada boosted their price objective on shares of Ameriprise Financial from $565.00 to $595.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Raymond James Financial upgraded shares of Ameriprise Financial from a "market perform" rating to a "strong-buy" rating and set a $518.00 price objective for the company in a report on Monday, April 7th. Piper Sandler boosted their price objective on shares of Ameriprise Financial from $423.00 to $434.00 and gave the company an "underweight" rating in a report on Thursday, July 3rd. Morgan Stanley cut shares of Ameriprise Financial from an "equal weight" rating to an "underweight" rating and upped their price target for the company from $462.00 to $530.00 in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Ameriprise Financial from $520.00 to $550.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $524.71.
Read Our Latest Stock Report on AMP
About Ameriprise Financial
(
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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.
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