Ameriprise Financial (NYSE:AMP) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS

Ameriprise Financial (NYSE:AMP) posted its earnings results on Thursday. The financial services provider reported $11.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.81 by $0.26, FiscalAI reports. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.87 billion. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm posted $9.11 earnings per share.

Here are the key takeaways from Ameriprise Financial’s conference call:

• Ameriprise reported a strong quarter, with revenue up 13% to nearly $5 billion, adjusted operating earnings up 14% to $1 billion, and EPS up 22% to $11.07.
• Assets under management and advisement reached a new high of $1.8 trillion, while total client assets rose 15% to $1.2 trillion and wrap assets increased 19% to $732 billion.
• The company said Comerica-related outflows accelerated in the quarter and will continue through the end of the third quarter, though management expects the Huntington Bank onboarding to begin offsetting that impact in the fourth quarter.
• Advisor productivity hit a record $1.2 million, helped by technology and AI tools that management says are saving advisors significant time and improving client engagement.
• Capital return remained aggressive, with Ameriprise returning 91% of operating earnings to shareholders and repurchasing 1.7 million shares in the quarter, while the balance sheet stayed strong with $2.1 billion of excess capital and $2.8 billion of liquidity.

Ameriprise Financial Price Performance

Shares of NYSE AMP opened at $528.79 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.71. The firm has a fifty day moving average of $476.19 and a 200 day moving average of $475.03. The firm has a market cap of $47.54 billion, a PE ratio of 12.75, a PEG ratio of 0.93 and a beta of 1.16. Ameriprise Financial has a one year low of $422.37 and a one year high of $550.18.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 3rd will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Ameriprise Financial’s payout ratio is presently 16.40%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMP. Keefe, Bruyette & Woods boosted their price objective on Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a report on Friday. Piper Sandler raised their target price on Ameriprise Financial from $471.00 to $518.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Weiss Ratings upgraded Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. BMO Capital Markets boosted their price target on Ameriprise Financial from $470.00 to $490.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Finally, Morgan Stanley upped their price objective on Ameriprise Financial from $467.00 to $489.00 and gave the stock an “underweight” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $555.33.

Insider Buying and Selling at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,200 shares of Ameriprise Financial stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $465.83, for a total value of $558,996.00. Following the sale, the director owned 6,300 shares in the company, valued at $2,934,729. This trade represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerard P. Smyth sold 6,255 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $472.52, for a total transaction of $2,955,612.60. Following the sale, the executive vice president directly owned 6,103 shares of the company’s stock, valued at $2,883,789.56. This represents a 50.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Ameriprise Financial

Large investors have recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in shares of Ameriprise Financial in the second quarter valued at approximately $36,000. Prosperity Bancshares Inc purchased a new stake in shares of Ameriprise Financial during the fourth quarter worth approximately $33,000. Resources Management Corp CT ADV raised its stake in Ameriprise Financial by 283.3% in the 4th quarter. Resources Management Corp CT ADV now owns 115 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 85 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Ameriprise Financial by 127.3% in the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 125 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 70 shares during the last quarter. Finally, DV Equities LLC purchased a new position in Ameriprise Financial in the 4th quarter valued at $64,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Ameriprise Financial News Roundup

Here are the key news stories impacting Ameriprise Financial this week:

• Positive Sentiment: Ameriprise beat Q2 estimates, reporting EPS of $11.07 versus expectations of $10.81 and revenue of $4.90 billion versus $4.87 billion expected, with revenue up 11.6% year over year. Stronger fee income and record AUM/AUA levels suggest healthy operating momentum. Ameriprise Financial Announces Second Quarter 2026 Results
• Positive Sentiment: Management highlighted growth and return on equity on the earnings call, reinforcing the view that the company is executing well despite a higher expense environment. Ameriprise Earnings Call Highlights ROE and Growth
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on AMP to $545 from $515, signaling improved valuation support even though the firm kept a market perform rating. Benzinga report on price target increase
• Neutral Sentiment: The board declared a quarterly dividend of $1.70 per share, payable August 21 to shareholders of record on August 3. This supports the stock’s income profile, but the announcement was largely expected. Ameriprise Financial Declares Regular Quarterly Dividend
• Neutral Sentiment: Reuters noted that second-quarter profit rose on higher fee income, helped by a market rally that lifted the value of fee-generating assets. Ameriprise Financial quarterly profit rises on higher fee income

About Ameriprise Financial

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.

Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.