Ameriprise Financial Services Inc. (NYSE:AMP) – Stock analysts at SunTrust Banks lowered their Q3 2016 earnings per share estimates for Ameriprise Financial Services in a research note issued to investors on Friday. SunTrust Banks analyst D. Mewhirter now expects that the brokerage will earn $2.46 per share for the quarter, down from their prior forecast of $2.47. SunTrust Banks also issued estimates for Ameriprise Financial Services’ FY2016 earnings at $9.29 EPS, Q3 2017 earnings at $2.62 EPS, Q4 2017 earnings at $2.59 EPS and FY2017 earnings at $10.37 EPS.

Ameriprise Financial Services (NYSE:AMP) last released its quarterly earnings results on Tuesday, July 26th. The company reported $2.23 EPS for the quarter, missing the Zacks’ consensus estimate of $2.26 by $0.03. The firm earned $2.87 billion during the quarter, compared to analyst estimates of $2.90 billion. Ameriprise Financial Services had a net margin of 12.50% and a return on equity of 20.72%. Ameriprise Financial Services’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share.

AMP has been the topic of several other reports. Evercore ISI began coverage on shares of Ameriprise Financial Services in a research report on Wednesday, July 6th. They set a “buy” rating and a $110.00 price target on the stock. Royal Bank Of Canada lowered shares of Ameriprise Financial Services from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $121.00 to $98.00 in a research report on Monday, July 25th. Deutsche Bank AG increased their price objective on shares of Ameriprise Financial Services from $106.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research raised shares of Ameriprise Financial Services from a “sell” rating to a “hold” rating in a research report on Monday, May 23rd. Finally, UBS AG reissued a “buy” rating and issued a $120.00 price objective (down from $125.00) on shares of Ameriprise Financial Services in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $113.08.

Ameriprise Financial Services (NYSE:AMP) opened at 99.96 on Monday. Ameriprise Financial Services has a 52-week low of $76.00 and a 52-week high of $120.29. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 12.13 and a beta of 1.66. The firm has a 50-day moving average of $97.99 and a 200-day moving average of $95.94.

In other Ameriprise Financial Services news, VP John Carl Junek sold 4,683 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $100.30, for a total transaction of $469,704.90. Following the sale, the vice president now directly owns 37,766 shares in the company, valued at $3,787,929.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Robert Woerner sold 4,513 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $100.71, for a total transaction of $454,504.23. Following the sale, the insider now owns 39,443 shares in the company, valued at $3,972,304.53. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

A number of large investors have recently made changes to their positions in AMP. Williams Jones & Associates LLC purchased a new stake in shares of Ameriprise Financial Services during the second quarter worth about $512,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Ameriprise Financial Services during the second quarter worth about $602,000. Kentucky Retirement Systems purchased a new stake in shares of Ameriprise Financial Services during the second quarter worth about $1,267,000. Nomura Holdings Inc. purchased a new stake in shares of Ameriprise Financial Services during the second quarter worth about $290,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Ameriprise Financial Services during the second quarter worth about $2,007,000. Hedge funds and other institutional investors own 80.08% of the company’s stock.

Ameriprise Financial Services Company Profile

Ameriprise Financial, Inc is a diversified 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 Advice & Wealth Management segment provides financial planning and advice, as well as brokerage services, primarily to retail clients through advisors.

5 Day Chart for NYSE:AMP

Receive News & Ratings for Ameriprise Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameriprise Financial Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.