Ameriprise Financial (AMP) Set to Announce Quarterly Earnings on Tuesday

Ameriprise Financial (NYSE:AMP) will be issuing its quarterly earnings data after the market closes on Tuesday, January 30th. Analysts expect the company to announce earnings of $3.08 per share for the quarter.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 EPS for the quarter, beating the Zacks’ consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Ameriprise Financial had a net margin of 14.24% and a return on equity of 29.75%. Ameriprise Financial’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.29 EPS. On average, analysts expect Ameriprise Financial to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Shares of Ameriprise Financial (NYSE:AMP) opened at $177.94 on Tuesday. The company has a market cap of $26,350.00, a P/E ratio of 16.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.67 and a current ratio of 0.67. Ameriprise Financial has a 52 week low of $110.97 and a 52 week high of $183.90.

In other Ameriprise Financial news, insider David Kent Stewart sold 4,817 shares of the stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $171.51, for a total value of $826,163.67. Following the sale, the insider now directly owns 29,727 shares in the company, valued at approximately $5,098,477.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Robert Woerner sold 9,022 shares of the stock in a transaction that occurred on Thursday, October 26th. The stock was 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 $6,946,001.97. The disclosure for this sale can be found here. Insiders sold a total of 72,466 shares of company stock worth $11,708,801 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

AMP has been the topic of a number of recent research reports. SunTrust Banks upped their price target on shares of Ameriprise Financial from $140.00 to $165.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research note on Wednesday, January 10th. Barclays restated an “equal weight” rating on shares of Ameriprise Financial in a research note on Monday, October 2nd. Royal Bank of Canada set a $168.00 price target on shares of Ameriprise Financial and gave the company a “hold” rating in a research note on Saturday, December 16th. Finally, Morgan Stanley upped their price target on shares of Ameriprise Financial from $152.00 to $162.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $161.48.

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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 for Ameriprise Financial (NYSE:AMP)

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