Ameriprise Financial (AMP) to Release Quarterly Earnings on Wednesday

Ameriprise Financial (NYSE:AMP) is projected to announce its Q2 2025 earnings results before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $8.99 per share and revenue of $4.33 billion for the quarter.

Ameriprise Financial (NYSE:AMP) last announced its earnings results on Thursday, April 24th. The financial services provider reported $9.50 EPS for the quarter, topping the consensus estimate of $9.08 by $0.42. Ameriprise Financial had a net margin of 17.14% and a return on equity of 68.93%. The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter last year, the firm posted $8.39 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts expect Ameriprise Financial to post $39 EPS for the current fiscal year and $42 EPS for the next fiscal year.

Ameriprise Financial Stock Performance

NYSE:AMP opened at $523.41 on Wednesday. The firm’s 50-day moving average is $518.34 and its 200-day moving average is $511.27. Ameriprise Financial has a 52-week low of $385.74 and a 52-week high of $582.05. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market cap of $49.84 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.17 and a beta of 1.23.

Ameriprise Financial declared that its Board of Directors has authorized a share buyback program on Thursday, April 24th that authorizes the company to repurchase $4.50 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 9.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Ameriprise Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 5th were given a dividend of $1.60 per share. This is a positive change from Ameriprise Financial’s previous quarterly dividend of $1.48. This represents a $6.40 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, May 5th. Ameriprise Financial’s payout ratio is 21.75%.

Hedge Funds Weigh In On Ameriprise Financial

A hedge fund recently raised its stake in Ameriprise Financial stock. Brighton Jones LLC boosted its holdings in Ameriprise Financial, Inc. (NYSE:AMP) by 6.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 777 shares of the financial services provider’s stock after purchasing an additional 50 shares during the quarter. Brighton Jones LLC’s holdings in Ameriprise Financial were worth $413,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMP. Raymond James Financial raised shares of Ameriprise Financial from a “market perform” rating to a “strong-buy” rating and set a $518.00 target price for the company in a research note on Monday, April 7th. Piper Sandler upped their price target on shares of Ameriprise Financial from $423.00 to $434.00 and gave the stock an “underweight” rating in a research report on Thursday, July 3rd. Royal Bank Of Canada increased their price objective on shares of Ameriprise Financial from $565.00 to $595.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Morgan Stanley lowered shares of Ameriprise Financial from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $462.00 to $530.00 in a research report on Tuesday. Finally, Wall Street Zen raised shares of Ameriprise Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $524.71.

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.