Q1 EPS Forecast for Ameriprise Financial Raised by Analyst

Ameriprise Financial, Inc. (NYSE:AMP - Free Report) - Analysts at Zacks Research increased their Q1 2026 earnings estimates for shares of Ameriprise Financial in a note issued to investors on Thursday, August 14th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings of $9.85 per share for the quarter, up from their previous forecast of $9.62. The consensus estimate for Ameriprise Financial's current full-year earnings is $38.64 per share.

A number of other analysts also recently weighed in on the stock. Morgan Stanley downgraded shares of Ameriprise Financial from an "equal weight" rating to an "underweight" rating and increased their price target for the company from $462.00 to $530.00 in a research report on Tuesday, July 15th. Piper Sandler upped their target price on shares of Ameriprise Financial from $423.00 to $434.00 and gave the company an "underweight" rating in a research note on Thursday, July 3rd. Wall Street Zen raised Ameriprise Financial from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Keefe, Bruyette & Woods lifted their price objective on Ameriprise Financial from $520.00 to $550.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. Finally, William Blair lowered Ameriprise Financial from an "outperform" rating to a "market perform" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Ameriprise Financial presently has an average rating of "Hold" and a consensus target price of $534.71.

Ameriprise Financial Trading Down 0.3%

NYSE:AMP traded down $1.52 during mid-day trading on Monday, hitting $503.88. The company had a trading volume of 181,578 shares, compared to its average volume of 504,144. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.62 and a current ratio of 0.62. Ameriprise Financial has a fifty-two week low of $396.14 and a fifty-two week high of $582.05. The firm has a market cap of $47.50 billion, a P/E ratio of 15.69, a P/E/G ratio of 1.08 and a beta of 1.24. The business's fifty day moving average is $521.06 and its two-hundred day moving average is $506.62.

Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.11. Ameriprise Financial had a return on equity of 65.90% and a net margin of 18.30%.The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company earned $8.72 EPS. The firm's revenue was up 2.2% on a year-over-year basis.

Ameriprise Financial announced that its Board of Directors has initiated a share repurchase program on Thursday, April 24th that authorizes the company to buyback $4.50 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 9.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Ameriprise Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were paid a $1.60 dividend. The ex-dividend date was Monday, August 4th. This represents a $6.40 annualized dividend and a yield of 1.3%. Ameriprise Financial's payout ratio is presently 19.91%.

Institutional Investors Weigh In On Ameriprise Financial

Several institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in Ameriprise Financial in the 2nd quarter valued at approximately $884,000. Advisory Services Network LLC lifted its stake in Ameriprise Financial by 14.3% in the 2nd quarter. Advisory Services Network LLC now owns 10,062 shares of the financial services provider's stock valued at $5,214,000 after acquiring an additional 1,257 shares in the last quarter. Old North State Trust LLC raised its stake in shares of Ameriprise Financial by 16.5% during the 2nd quarter. Old North State Trust LLC now owns 2,859 shares of the financial services provider's stock worth $1,526,000 after purchasing an additional 404 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Ameriprise Financial by 5.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider's stock worth $239,000 after purchasing an additional 23 shares in the last quarter. Finally, Kestra Investment Management LLC raised its stake in shares of Ameriprise Financial by 267.2% during the 2nd quarter. Kestra Investment Management LLC now owns 6,309 shares of the financial services provider's stock worth $3,367,000 after purchasing an additional 4,591 shares in the last quarter. Institutional investors own 83.95% of the company's stock.

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.