Equities analysts predict that Ameriprise Financial Services, Inc. (NYSE:AMP) will report sales of $3.03 billion for the current quarter, according to Zacks. Two analysts have provided estimates for Ameriprise Financial Services’ earnings. The highest sales estimate is $3.06 billion and the lowest is $3.00 billion. Ameriprise Financial Services reported sales of $3.06 billion during the same quarter last year, which would suggest a negative year over year growth rate of 1%. The firm is scheduled to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Ameriprise Financial Services will report full year sales of $3.03 billion for the current year, with estimates ranging from $11.75 billion to $12.21 billion. For the next financial year, analysts expect that the business will report sales of $12.88 billion per share, with estimates ranging from $12.08 billion to $13.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Ameriprise Financial Services.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.79 by $0.33. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial Services had a return on equity of 29.75% and a net margin of 14.24%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 earnings per share.

Several research analysts have recently commented on the company. Barclays reissued an “equal weight” rating on shares of Ameriprise Financial Services in a report on Monday, October 2nd. Zacks Investment Research raised Ameriprise Financial Services from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Friday, September 1st. BidaskClub downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 19th. Royal Bank of Canada set a $149.00 target price on Ameriprise Financial Services and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, ValuEngine downgraded Ameriprise Financial Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Ameriprise Financial Services has a consensus rating of “Buy” and a consensus target price of $154.20.

Ameriprise Financial Services (AMP) traded down $0.97 during midday trading on Friday, reaching $165.45. The company’s stock had a trading volume of 649,200 shares, compared to its average volume of 1,024,779. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $24,618.51, a P/E ratio of 14.15 and a beta of 1.93. Ameriprise Financial Services has a 12 month low of $109.19 and a 12 month high of $170.35.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Friday, November 3rd. Ameriprise Financial Services’s payout ratio is 30.97%.

In other Ameriprise Financial Services news, EVP Colin Moore sold 4,285 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $161.09, for a total transaction of $690,270.65. Following the completion of the transaction, the executive vice president now owns 73,690 shares in the company, valued at approximately $11,870,722.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of the stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $160.91, for a total value of $1,451,730.02. Following the transaction, the insider now owns 43,167 shares of the company’s stock, valued at approximately $6,946,001.97. The disclosure for this sale can be found here. Insiders have sold a total of 67,649 shares of company stock valued at $10,882,637 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in Ameriprise Financial Services by 17.5% in the 2nd quarter. Parallel Advisors LLC now owns 777 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 116 shares during the last quarter. IHT Wealth Management LLC raised its holdings in Ameriprise Financial Services by 284.0% in the 2nd quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 230 shares during the period. Sun Life Financial INC raised its holdings in Ameriprise Financial Services by 10,100.0% in the 2nd quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,111 shares during the period. Johnson Financial Group Inc. raised its holdings in Ameriprise Financial Services by 3.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,181 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 38 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in Ameriprise Financial Services by 60.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 517 shares during the period. Institutional investors own 81.74% of the company’s stock.

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About Ameriprise Financial Services

Ameriprise Financial, Inc is a financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. The Company uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail products and services.

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Earnings History and Estimates for Ameriprise Financial Services (NYSE:AMP)

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