Ameriprise Financial, Inc. (NYSE:AMP) – Research analysts at William Blair upped their Q1 2018 EPS estimates for shares of Ameriprise Financial in a note issued to investors on Thursday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $3.52 per share for the quarter, up from their prior forecast of $3.49. William Blair also issued estimates for Ameriprise Financial’s Q2 2018 earnings at $3.64 EPS, Q3 2018 earnings at $3.55 EPS, Q1 2019 earnings at $4.12 EPS, Q2 2019 earnings at $4.26 EPS, Q3 2019 earnings at $4.18 EPS and Q4 2019 earnings at $4.44 EPS.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Wednesday, January 24th. The financial services provider reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($1.90). The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.05 billion. Ameriprise Financial had a return on equity of 31.03% and a net margin of 12.31%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 earnings per share.
Ameriprise Financial (NYSE:AMP) opened at $179.84 on Monday. The stock has a market cap of $26,600.00, a PE ratio of 19.07 and a beta of 1.93. Ameriprise Financial has a twelve month low of $110.97 and a twelve month 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 0.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, February 15th. Ameriprise Financial’s dividend payout ratio is currently 35.21%.
In related news, insider Joseph Edward Sweeney sold 7,329 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $169.47, for a total transaction of $1,242,045.63. Following the transaction, the insider now directly owns 37,991 shares of the company’s stock, valued at $6,438,334.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James M. Cracchiolo sold 2,428 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $161.07, for a total transaction of $391,077.96. Following the transaction, the chief executive officer now directly owns 242,013 shares in the company, valued at $38,981,033.91. The disclosure for this sale can be found here. Insiders have sold 57,405 shares of company stock valued at $9,284,389 over the last quarter. Corporate insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC lifted its position in shares of Ameriprise Financial by 284.0% during the second quarter. IHT Wealth Management LLC now owns 311 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 230 shares in the last quarter. Sun Life Financial INC lifted its position in shares of Ameriprise Financial by 10,100.0% during the second quarter. Sun Life Financial INC now owns 1,122 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 1,111 shares in the last quarter. Wesbanco Bank Inc. bought a new position in shares of Ameriprise Financial during the third quarter valued at about $200,000. Shelton Capital Management bought a new position in shares of Ameriprise Financial during the third quarter valued at about $203,000. Finally, D.A. Davidson & CO. lifted its position in shares of Ameriprise Financial by 60.3% during the second quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 517 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.
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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