Ameriprise Financial, Inc. (NYSE:AMP) – Equities researchers at William Blair lowered their FY2017 earnings per share (EPS) estimates for shares of Ameriprise Financial in a research note issued on Wednesday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings per share of $12.02 for the year, down from their previous forecast of $12.11. William Blair also issued estimates for Ameriprise Financial’s Q4 2017 earnings at $3.00 EPS, Q1 2018 earnings at $3.49 EPS, Q2 2018 earnings at $3.62 EPS, Q3 2018 earnings at $3.46 EPS, Q4 2018 earnings at $3.94 EPS, Q1 2019 earnings at $4.06 EPS, Q2 2019 earnings at $4.23 EPS, Q3 2019 earnings at $4.08 EPS and Q4 2019 earnings at $4.64 EPS.

A number of other analysts also recently issued reports on AMP. Zacks Investment Research downgraded shares of Ameriprise Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Barclays restated an “equal weight” rating on shares of Ameriprise Financial in a report on Monday, October 2nd. Morgan Stanley raised their price objective on shares of Ameriprise Financial from $152.00 to $162.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. Royal Bank of Canada set a $149.00 price objective on shares of Ameriprise Financial and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, SunTrust Banks raised their price objective on shares of Ameriprise Financial from $140.00 to $165.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $159.60.

Shares of Ameriprise Financial (NYSE:AMP) opened at $177.57 on Friday. Ameriprise Financial has a 1-year low of $110.97 and a 1-year high of $183.90. 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 stock has a market cap of $26,270.00, a PE ratio of 16.58 and a beta of 1.93.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $2.97 billion. During the same quarter last year, the company posted $2.29 earnings per share. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ameriprise Financial by 2.7% in the second quarter. Vanguard Group Inc. now owns 12,744,678 shares of the financial services provider’s stock worth $1,622,270,000 after purchasing an additional 340,206 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Ameriprise Financial by 4.1% in the third quarter. Wells Fargo & Company MN now owns 2,195,435 shares of the financial services provider’s stock worth $326,044,000 after purchasing an additional 86,514 shares in the last quarter. Numeric Investors LLC increased its stake in shares of Ameriprise Financial by 1.6% in the second quarter. Numeric Investors LLC now owns 1,151,413 shares of the financial services provider’s stock worth $146,563,000 after purchasing an additional 17,700 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ameriprise Financial by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 974,272 shares of the financial services provider’s stock worth $124,020,000 after purchasing an additional 59,289 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Ameriprise Financial by 1.1% in the third quarter. APG Asset Management N.V. now owns 863,585 shares of the financial services provider’s stock worth $128,251,000 after purchasing an additional 9,700 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

In other news, COO Charles Neal Maglaque sold 1,754 shares of Ameriprise Financial stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $161.01, for a total value of $282,411.54. Following the completion of the transaction, the chief operating officer now owns 14,697 shares in the company, valued at $2,366,363.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David Kent Stewart sold 4,817 shares of Ameriprise Financial stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $171.51, for a total transaction of $826,163.67. Following the completion of the transaction, the insider now owns 29,727 shares of the company’s stock, valued at approximately $5,098,477.77. The disclosure for this sale can be found here. Insiders sold 72,466 shares of company stock valued at $11,708,801 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

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About Ameriprise Financial

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.

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

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