Wall Street brokerages expect Ameriprise Financial, Inc. (NYSE:AMP) to announce $3.14 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Ameriprise Financial’s earnings, with the highest EPS estimate coming in at $3.22 and the lowest estimate coming in at $3.09. Ameriprise Financial reported earnings of $2.73 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15%. The firm is expected to announce its next quarterly earnings report after the market closes on Wednesday, January 24th.

According to Zacks, analysts expect that Ameriprise Financial will report full-year earnings of $11.97 per share for the current year, with EPS estimates ranging from $11.84 to $12.10. For the next year, analysts expect that the firm will report earnings of $13.66 per share, with EPS estimates ranging from $13.42 to $14.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Ameriprise Financial.

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

Several brokerages have recently issued reports on AMP. Royal Bank of Canada set a $168.00 target price on shares of Ameriprise Financial and gave the company a “hold” rating in a report on Saturday, December 16th. Barclays restated an “equal weight” rating on shares of Ameriprise Financial in a report on Monday, October 2nd. Zacks Investment Research cut shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine cut shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Finally, Morgan Stanley upped their target price on shares of Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $159.60.

Shares of Ameriprise Financial (NYSE:AMP) traded down $2.01 during trading on Tuesday, hitting $180.03. 436,334 shares of the stock traded hands, compared to its average volume of 969,744. Ameriprise Financial has a fifty-two week low of $110.75 and a fifty-two week high of $182.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market cap of $26,930.00, a PE ratio of 16.81 and a beta of 1.93.

In related news, insider John Robert Woerner sold 9,022 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $160.91, for a total transaction of $1,451,730.02. Following the completion of the sale, the insider now owns 43,167 shares in the company, valued at approximately $6,946,001.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Charles Neal Maglaque sold 1,754 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $161.01, for a total transaction of $282,411.54. Following the sale, the chief operating officer now owns 14,697 shares of the company’s stock, valued at approximately $2,366,363.97. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,466 shares of company stock valued at $11,708,801. 1.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC boosted its stake in Ameriprise Financial by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock worth $1,158,000 after purchasing an additional 29 shares during the period. National Asset Management Inc. boosted its stake in Ameriprise Financial by 1.0% during the 2nd quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock worth $406,000 after purchasing an additional 32 shares during the period. Thrivent Financial For Lutherans boosted its stake in Ameriprise Financial by 2.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 5,790 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 130 shares during the period. ETRADE Capital Management LLC boosted its stake in Ameriprise Financial by 6.3% during the 2nd quarter. ETRADE Capital Management LLC now owns 2,239 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 132 shares during the period. Finally, Ontario Teachers Pension Plan Board raised its position in Ameriprise Financial by 1.3% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 10,498 shares of the financial services provider’s stock worth $1,336,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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Ameriprise Financial Company Profile

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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