Zacks Research Has Positive Estimate for AMP Q1 Earnings

Ameriprise Financial, Inc. (NYSE:AMP) – Equities researchers at Zacks Research increased their Q1 2026 earnings per share (EPS) estimates for shares of Ameriprise Financial in a report released on Thursday, August 14th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $9.85 for the quarter, up from their prior forecast of $9.62. The consensus estimate for Ameriprise Financial’s current full-year earnings is $38.64 per share.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Thursday, July 24th. The financial services provider reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.00 by $0.11. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.33 billion. Ameriprise Financial had a return on equity of 65.90% and a net margin of 18.30%.The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the business posted $8.72 EPS.

A number of other equities analysts have also weighed in on AMP. Morgan Stanley lowered Ameriprise Financial from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $462.00 to $530.00 in a research note on Tuesday, July 15th. Piper Sandler lifted their price objective on Ameriprise Financial from $423.00 to $434.00 and gave the company an “underweight” rating in a research note on Thursday, July 3rd. Royal Bank Of Canada lifted their price objective on Ameriprise Financial from $595.00 to $601.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Raymond James Financial lifted their price objective on Ameriprise Financial from $518.00 to $582.00 and gave the company a “strong-buy” rating in a research note on Friday, July 25th. Finally, William Blair lowered Ameriprise Financial from an “outperform” rating to a “market perform” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Ameriprise Financial currently has an average rating of “Hold” and a consensus target price of $534.71.

Ameriprise Financial Stock Performance

NYSE AMP opened at $505.4040 on Monday. The stock has a 50-day simple moving average of $521.26 and a two-hundred day simple moving average of $506.63. The firm has a market capitalization of $47.64 billion, a P/E ratio of 15.73, a PEG ratio of 1.08 and a beta of 1.24. Ameriprise Financial has a fifty-two week low of $396.14 and a fifty-two week high of $582.05. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.62 and a current ratio of 0.62.

Ameriprise Financial announced that its board has initiated a stock buyback program on Thursday, April 24th that permits the company to repurchase $4.50 billion in outstanding shares. This repurchase authorization permits the financial services provider to repurchase up to 9.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 4th. Ameriprise Financial’s payout ratio is currently 19.91%.

Hedge Funds Weigh In On Ameriprise Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. acquired a new stake in Ameriprise Financial in the 4th quarter worth about $26,000. Whipplewood Advisors LLC boosted its holdings in Ameriprise Financial by 71.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider’s stock worth $28,000 after buying an additional 22 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Ameriprise Financial by 115.4% in the 2nd quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider’s stock worth $30,000 after buying an additional 30 shares during the last quarter. Sunbeam Capital Management LLC acquired a new stake in Ameriprise Financial in the 4th quarter worth about $31,000. Finally, TD Capital Management LLC boosted its holdings in Ameriprise Financial by 566.7% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the financial services provider’s stock worth $29,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

About Ameriprise Financial

Ameriprise Financial, Inc, together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other.