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.

A number of other equities research analysts also recently issued reports on AMP. Zacks Investment Research upgraded shares of Ameriprise Financial from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Thursday, October 5th. Royal Bank of Canada set a $168.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research report on Saturday, December 16th. Morgan Stanley increased their target price on shares of Ameriprise Financial from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. SunTrust Banks increased their target price on shares of Ameriprise Financial from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Finally, ValuEngine downgraded shares of Ameriprise Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ameriprise Financial has an average rating of “Buy” and an average price target of $161.48.

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.

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

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