Ameriprise Financial, Inc. (AMP) Forecasted to Post FY2018 Earnings of $14.50 Per Share
Ameriprise Financial, Inc. (NYSE:AMP) – William Blair lifted their FY2018 earnings per share (EPS) estimates for shares of Ameriprise Financial in a report released on Wednesday. William Blair analyst A. Klauber now anticipates that the financial services provider will post earnings of $14.50 per share for the year, up from their prior forecast of $13.45. William Blair also issued estimates for Ameriprise Financial’s FY2019 earnings at $17.00 EPS.
Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $3.12 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 firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the business posted $2.29 EPS. The company’s revenue was up 6.3% on a year-over-year basis.
Ameriprise Financial (AMP) traded up $1.24 during trading on Monday, reaching $178.81. 1,246,700 shares of the company were exchanged, compared to its average volume of 1,042,138. Ameriprise Financial has a 1 year low of $110.97 and a 1 year high of $183.90. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.82. The firm has a market cap of $26,451.36, a price-to-earnings ratio of 16.68 and a beta of 1.93.
Several institutional investors have recently added to or reduced their stakes in AMP. Franklin Resources Inc. grew its stake in Ameriprise Financial by 1.0% in the 2nd quarter. Franklin Resources Inc. now owns 31,937 shares of the financial services provider’s stock valued at $4,065,000 after buying an additional 316 shares during the last quarter. Thrivent Financial For Lutherans grew its stake in Ameriprise Financial by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,790 shares of the financial services provider’s stock valued at $737,000 after buying an additional 130 shares during the last quarter. GSA Capital Partners LLP grew its stake in Ameriprise Financial by 423.3% in the 2nd quarter. GSA Capital Partners LLP now owns 13,165 shares of the financial services provider’s stock valued at $1,676,000 after buying an additional 10,649 shares during the last quarter. D.A. Davidson & CO. grew its stake in Ameriprise Financial by 60.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,374 shares of the financial services provider’s stock valued at $174,000 after buying an additional 517 shares during the last quarter. Finally, ETRADE Capital Management LLC grew its stake in Ameriprise Financial by 6.3% in the 2nd quarter. ETRADE Capital Management LLC now owns 2,239 shares of the financial services provider’s stock valued at $285,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.
In other news, insider David Kent Stewart sold 4,817 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $171.51, for a total transaction of $826,163.67. Following the transaction, the insider now owns 29,727 shares in the company, valued at approximately $5,098,477.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Edward Sweeney sold 7,329 shares of the firm’s stock in a transaction on 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 owns 37,991 shares in the company, valued at approximately $6,438,334.77. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,466 shares of company stock valued at $11,708,801. Insiders own 1.50% of the company’s stock.
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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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