AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) – William Blair upped their Q4 2017 earnings estimates for AMERIPRISE FINANCIAL SERVICES, INC. in a research note issued to investors on Thursday. William Blair analyst A. Klauber now anticipates that the financial services provider will earn $3.10 per share for the quarter, up from their previous forecast of $2.98. William Blair also issued estimates for AMERIPRISE FINANCIAL SERVICES, INC.’s Q1 2018 earnings at $3.23 EPS, Q2 2018 earnings at $3.35 EPS, Q4 2018 earnings at $3.66 EPS, FY2018 earnings at $13.45 EPS and FY2019 earnings at $15.75 EPS.

AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.33. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.97 billion. AMERIPRISE FINANCIAL SERVICES, INC. had a return on equity of 29.20% and a net margin of 14.24%. AMERIPRISE FINANCIAL SERVICES, INC.’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $2.29 earnings per share.

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A number of other research firms have also recently weighed in on AMP. Royal Bank Of Canada set a $155.00 price objective on AMERIPRISE FINANCIAL SERVICES, INC. and gave the stock a “sector perform” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. increased their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $140.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley increased their price objective on AMERIPRISE FINANCIAL SERVICES, INC. from $152.00 to $162.00 and gave the stock an “overweight” rating in a research report on Thursday, October 5th. Zacks Investment Research raised AMERIPRISE FINANCIAL SERVICES, INC. from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Thursday, October 5th. Finally, Barclays PLC reaffirmed an “equal weight” rating on shares of AMERIPRISE FINANCIAL SERVICES, INC. in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $154.20.

Shares of AMERIPRISE FINANCIAL SERVICES, INC. (NYSE:AMP) traded down 0.23% on Monday, reaching $157.93. The company had a trading volume of 146,483 shares. AMERIPRISE FINANCIAL SERVICES, INC. has a 52 week low of $86.25 and a 52 week high of $163.04. The firm has a market capitalization of $23.68 billion, a P/E ratio of 18.09 and a beta of 1.88. The company’s 50-day moving average price is $148.66 and its 200 day moving average price is $136.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, November 3rd. AMERIPRISE FINANCIAL SERVICES, INC.’s dividend payout ratio (DPR) is 30.97%.

In other news, VP Karen Wilson Thissen sold 425 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $145.15, for a total transaction of $61,688.75. Following the completion of the transaction, the vice president now directly owns 10,956 shares of the company’s stock, valued at approximately $1,590,263.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman James M. Cracchiolo sold 39,450 shares of the stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $144.50, for a total value of $5,700,525.00. Following the transaction, the chairman now directly owns 260,887 shares of the company’s stock, valued at $37,698,171.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,345 shares of company stock valued at $24,152,504. Company insiders own 1.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 834 shares of the financial services provider’s stock worth $106,000 after buying an additional 6 shares in the last quarter. Intrust Bank NA raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.7% during the 2nd quarter. Intrust Bank NA now owns 1,793 shares of the financial services provider’s stock worth $228,000 after buying an additional 12 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.5% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,472 shares of the financial services provider’s stock worth $442,000 after buying an additional 17 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 0.3% during the 2nd quarter. Neuberger Berman Group LLC now owns 9,097 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 29 shares in the last quarter. Finally, National Asset Management Inc. raised its stake in shares of AMERIPRISE FINANCIAL SERVICES, INC. by 1.0% during the 2nd quarter. National Asset Management Inc. now owns 3,165 shares of the financial services provider’s stock worth $406,000 after buying an additional 32 shares in the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.

AMERIPRISE FINANCIAL SERVICES, INC. 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 SERVICES, INC. (NYSE:AMP)

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