One of the Fortune 500 companies is known as Ameriprise Financial or AMP. Jefferies Financial Group’s investment analysts raised their earnings per share (EPS) projections for Ameriprise Financial for the first quarter of 2023 in a research note distributed to clients on Tuesday, January 10. S. Kamath, an analyst with Jefferies Financial Group, forecasts that the financial services company will earn $7.22 per share for the quarter. This represents an increase from the company’s previous earnings of $6.98 per share, which the analyst reported. The current earnings forecast for Ameriprise Financial’s full year is expected to come in at $24.56 per share, according to the average estimate for the company’s performance. In addition, according to the projections made by Jefferies Financial Group, Ameriprise Financial will earn $7.41 per share in the second quarter of 2023, $7.54 per share in the third quarter of 2023, $7.83 per share in the fourth quarter of 2023, and $30.00 per share for the entire year of 2023.

Analysts from a wide variety of firms have recently been examining the company’s share price. In a research note released on November 23, Goldman Sachs Group raised their price objective for Ameriprise Financial from $290 to $330 and rated the company “neutral.” The note was about Ameriprise Financial. Ameriprise Financial was the subject of the research note. Ameriprise Financial received an “outperform” rating and a price target increase of $350.00 from the Royal Bank of Canada in a research report published on Friday, October 28. In the report, the Royal Bank of Canada raised its price target on Ameriprise Financial from $310.00 to $350.00. The research note published by the Royal Bank of Canada can be viewed here. Credit Suisse Group, in a research note published on Tuesday, November 1, raised the price objective for shares of Ameriprise Financial from its previous level of $342.00 to $351.00. Piper Sandler raised their price target for Ameriprise Financial from $240.00 to $250.00 and upgraded the company’s rating from “underweight” to “equal weight” in a research note published on Friday, October 7. Ameriprise Financial was moved from a “hold” rating to a “sell” rating in a research report published on Thursday, December 8, by StockNews.com. Two equity research analysts have suggested that investors sell the stock, three have suggested that investors keep their holdings at the same level, and six have suggested that investors buy the security. According to Bloomberg, the consensus view regarding the company is “Hold,” and the consensus view regarding the price objective is $332.70.

When trading started on Thursday, the price per share of Ameriprise Financial was determined to be 329.99 dollars. The moving averages for the previous 50 days at the company are $319.66, and the moving averages for the previous 200 days are $284.66. The current ratio, the quick ratio, and the overall debt-to-equity ratio all come in at 0.79, while the overall debt-to-equity ratio sits at 1.60. Ameriprise Financial has seen prices as low as $219.99 over the previous 52 weeks, with prices as high as $339.41 during that same period. The company has several characteristics:

A market capitalization of $35.12 billion

A price-to-earnings ratio of 13.76

A price-to-earnings-to-growth ratio of 0.64

A beta value of 1.46

On October 25, the most recent quarterly earnings report for Ameriprise Financial (NYSE: AMP) was made available to the public. The company that provides financial services reported earnings per share for the quarter that came in at $6.43, which was $0.61 higher than the average estimate of $5.82. Ameriprise Financial had a return on equity of 61.53% and a net margin of 19.17%, both of which are respectable numbers. The revenue for the quarter came in at $3.49 billion, which is considerably higher than the average prediction of $3.32 billion made by the market provides financial services reported earnings per share for the quarter that came in at $6.43, which was $0.61 higher than the average estimate of $5.82 that was given. Ameriprise Financial had a return on equity of 61.53% and a net margin of 19.17%, both of which are respectable numbers. The revenue for the quarter came in at $3.49 billion, which is considerably higher than the average prediction of $3.32 billion made by the market. The corporation reported a profit of $5.91 per share for the same period in the prior year’s financial statements. Compared to the prior year, the company’s total revenue saw a 20.3% increase.

In addition, on November 18, the company announced the distribution of a quarterly dividend, which was paid out on the same day. Investors who were eligible to receive dividend payments and were recorded as having shares as of November 7 were eligible to receive dividend payments of $1.25 per share. Consequently, the annual dividend yield is calculated to be 1.52%, and the dividend payment is calculated to be $5. This past Friday, November 4, was the date customers were required to pay the dividend. The dividend payout ratio (also known as the DPR) for Ameriprise Financial is currently established at 20.95%.

Heather J. Melloh, Executive Vice President and Chief Operating Officer of the company, sold 165 company stock on November 23. This is another development that has transpired. The sale of the shares resulted in a total of $54,883.95 being acquired; this was accomplished by selling the shares at an average price of $332.63 per share. As a direct consequence of the transaction, the executive vice president now has 3,188 shares of company stock in their possession, and the combined value of those shares is 1,060,424.44 dollars. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. According to earlier reports concerning Ameriprise Financial, Executive Vice President Heather J. Melloh sold 165 shares on November 23. This transaction was reported in those reports. The shares were sold for a total revenue of $54,883.95, bringing in an average price of $332.63 per share. As a direct consequence of the transaction, the executive vice president now has 3,188 shares of company stock in their possession, and the combined value of those shares is 1,060,424.44 dollars. The transaction was disclosed to the public through a filing that was made with the SEC, which can be located on the website of the SEC.

Additionally, on November 23 of this year, 13,050 shares of the company’s stock were sold by James M. Cracchiolo, who serves as the company’s Chief Executive Officer. On average, the price of a single share of stock was determined to be $333.02, and the sale of these shares resulted in the accumulation of $4,345,911.00 in revenue. As a direct consequence of the sale, the Chief Executive Officer now owns 160,597 company shares, which currently have a market value of $53,482,012.94. Disclosures that are related to the sale might be found in this section of the website. Business insiders have generated a total of $9,796,822 in profits from the sale of 29,737 shares of company stock over the preceding three months. The current percentage of the company’s stock owned by company insiders is 1.00%.

The post Ameriprise Financial, Inc. is expected to earn $7.22 per share in the first quarter of 2023. (NYSE:AMP) appeared first on Best Stocks.