Equities analysts expect Ameriprise Financial, Inc. (NYSE:AMP) to report $3.03 billion in sales for the current quarter, according to Zacks. Two analysts have made estimates for Ameriprise Financial’s earnings. The lowest sales estimate is $3.00 billion and the highest is $3.06 billion. Ameriprise Financial reported sales of $3.06 billion in 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 quarterly earnings results after the market closes on Wednesday, January 24th.

According to Zacks, analysts expect that Ameriprise Financial will report full-year sales of $3.03 billion for the current year, with estimates ranging from $11.75 billion to $12.25 billion. For the next year, analysts expect that the firm will post sales of $12.99 billion per share, with estimates ranging from $12.08 billion to $14.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Ameriprise Financial.

Ameriprise Financial (NYSE:AMP) last announced its quarterly 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. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.97 billion. Ameriprise Financial 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 quarter last year, the firm posted $2.29 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 10th. Royal Bank of Canada set a $168.00 price objective on Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday, December 16th. ValuEngine cut Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. SunTrust Banks increased their price objective on Ameriprise Financial from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, Morgan Stanley increased their price objective on Ameriprise Financial from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $159.60.

In related news, CEO James M. Cracchiolo sold 2,428 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $161.07, for a total value of $391,077.96. Following the transaction, the chief executive officer now owns 242,013 shares in the company, valued at $38,981,033.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 43,167 shares in the company, valued at approximately $6,946,001.97. The disclosure for this sale can be found here. Insiders have sold a total of 72,466 shares of company stock worth $11,708,801 in the last quarter. Company insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. National Asset Management Inc. increased its position in shares of Ameriprise Financial by 1.0% in the second 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 increased its position in shares of Ameriprise Financial by 2.3% in the second 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 grew its position in Ameriprise Financial by 6.3% in the second quarter. ETRADE Capital Management LLC now owns 2,239 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 132 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in Ameriprise Financial by 1.3% in the second quarter. Ontario Teachers Pension Plan Board now owns 10,498 shares of the financial services provider’s stock valued at $1,336,000 after acquiring an additional 134 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Ameriprise Financial by 4.0% in the second quarter. Advisory Services Network LLC now owns 4,043 shares of the financial services provider’s stock valued at $515,000 after acquiring an additional 155 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

Ameriprise Financial (NYSE:AMP) opened at $178.47 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $26,229.47, a price-to-earnings ratio of 16.65 and a beta of 1.93. Ameriprise Financial has a 12-month low of $110.75 and a 12-month high of $183.90.

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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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