What is Zacks Research’s Forecast for AMP FY2024 Earnings?

Ameriprise Financial, Inc. (NYSE:AMP) – Equities researchers at Zacks Research issued their FY2024 EPS estimates for shares of Ameriprise Financial in a research report issued on Tuesday, November 19th. Zacks Research analyst R. Department expects that the financial services provider will post earnings of $33.89 per share for the year. The consensus estimate for Ameriprise Financial’s current full-year earnings is $34.41 per share. Zacks Research also issued estimates for Ameriprise Financial’s Q3 2025 earnings at $8.95 EPS, Q4 2025 earnings at $10.44 EPS and Q3 2026 earnings at $9.81 EPS.

AMP has been the subject of several other research reports. UBS Group boosted their price target on shares of Ameriprise Financial from $490.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley boosted their price target on shares of Ameriprise Financial from $440.00 to $502.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods upped their target price on shares of Ameriprise Financial from $475.00 to $510.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group lowered shares of Ameriprise Financial from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $485.00 to $476.00 in a research note on Thursday, September 26th. Finally, Royal Bank of Canada upped their target price on shares of Ameriprise Financial from $535.00 to $550.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $487.67.

Ameriprise Financial Price Performance

Shares of AMP stock opened at $572.07 on Friday. Ameriprise Financial has a 12-month low of $345.43 and a 12-month high of $575.37. The firm has a market capitalization of $55.50 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 0.98 and a beta of 1.34. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.99. The firm has a fifty day moving average of $509.57 and a 200-day moving average of $457.84.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were issued a $1.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $5.92 annualized dividend and a yield of 1.03%. Ameriprise Financial’s dividend payout ratio is currently 22.73%.

Insider Buying and Selling at Ameriprise Financial

In other Ameriprise Financial news, insider Gumer Alvero sold 2,325 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $516.05, for a total value of $1,199,816.25. Following the transaction, the insider now directly owns 4,669 shares of the company’s stock, valued at $2,409,437.45. This represents a 33.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Walter Stanley Berman sold 8,655 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $564.16, for a total transaction of $4,882,804.80. Following the completion of the transaction, the chief financial officer now directly owns 6,409 shares in the company, valued at approximately $3,615,701.44. This represents a 57.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,415 shares of company stock valued at $15,829,445 in the last three months. 0.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AMP. CreativeOne Wealth LLC acquired a new position in shares of Ameriprise Financial during the 1st quarter worth approximately $301,000. Advisors Asset Management Inc. grew its position in shares of Ameriprise Financial by 29.9% during the 1st quarter. Advisors Asset Management Inc. now owns 1,585 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 365 shares in the last quarter. Capital World Investors grew its position in shares of Ameriprise Financial by 95.0% during the 1st quarter. Capital World Investors now owns 67,606 shares of the financial services provider’s stock worth $29,641,000 after purchasing an additional 32,930 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Ameriprise Financial by 64.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 192,360 shares of the financial services provider’s stock worth $84,338,000 after purchasing an additional 75,460 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Ameriprise Financial during the 1st quarter worth approximately $2,478,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Ameriprise Financial Company Profile

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.