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

Ameriprise Financial (NYSE:AMP) posted its earnings results on Thursday. The financial services provider reported $11.07 EPS for the quarter, beating analysts’ consensus estimates of $10.81 by $0.26, FiscalAI reports. Ameriprise Financial had a net margin of 20.57% and a return on equity of 62.88%. The firm had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same period last year, the firm posted $9.11 EPS. The company’s revenue was up 11.6% on a year-over-year basis.

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 Stock Performance

AMP traded down $8.79 on Thursday, hitting $518.03. 223,101 shares of the company traded hands, compared to its average volume of 685,257. Ameriprise Financial has a 12-month low of $422.37 and a 12-month high of $550.18. The company has a 50 day moving average of $474.03 and a 200-day moving average of $474.45. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $46.57 billion, a PE ratio of 12.94, a PEG ratio of 0.94 and a beta of 1.16.

More Ameriprise Financial News

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

• Positive Sentiment: Ameriprise reported second-quarter earnings of $11.07 per share, beating estimates and rising from $9.11 a year ago, while revenue of $4.90 billion also topped forecasts. Article Title
• Positive Sentiment: Profit improved on higher fee income, helped by a market rally that lifted the value of fee-generating assets and supported asset-based revenue growth. Article Title
• Positive Sentiment: The company also maintained shareholder returns by declaring a regular quarterly dividend of $1.70 per share, signaling continued confidence in cash flow and capital position. Article Title
• Neutral Sentiment: Management is hosting its earnings conference call and has released second-quarter 2026 results and presentation materials, which may provide more detail on growth outlook and capital allocation. Article Title
• Neutral Sentiment: Analyst previews ahead of earnings pointed to support from growth in assets under management and higher fees, but this was already broadly expected going into the report. Article Title

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMP. Weiss Ratings upgraded Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Jefferies Financial Group raised their target price on shares of Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Piper Sandler lifted their target price on shares of Ameriprise Financial from $471.00 to $518.00 and gave the company a “neutral” rating in a report on Monday, July 13th. BMO Capital Markets upped their price target on shares of Ameriprise Financial from $470.00 to $490.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Finally, Morgan Stanley increased their price target on shares of Ameriprise Financial from $467.00 to $489.00 and gave the stock an “underweight” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $553.67.

Insider Activity at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $465.83, for a total transaction of $558,996.00. Following the completion of the sale, the director owned 6,300 shares in the company, valued at $2,934,729. This represents a 16.00% decrease in their ownership of the stock. The transaction 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 Ameriprise Financial stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $472.52, for a total transaction of $2,955,612.60. Following the completion of the transaction, the executive vice president owned 6,103 shares in the company, valued at approximately $2,883,789.56. This trade represents a 50.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On Ameriprise Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMP. Brighton Jones LLC raised its position in Ameriprise Financial by 6.9% in the fourth quarter. Brighton Jones LLC now owns 777 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 50 shares in the last quarter. Empowered Funds LLC increased its holdings in Ameriprise Financial by 11.8% in the first quarter. Empowered Funds LLC now owns 6,022 shares of the financial services provider’s stock valued at $2,915,000 after buying an additional 634 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Ameriprise Financial by 14.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 584 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 72 shares during the period. Schnieders Capital Management LLC. acquired a new stake in shares of Ameriprise Financial during the 2nd quarter valued at approximately $313,000. Finally, Gabelli Funds LLC boosted its stake in shares of Ameriprise Financial by 224.8% during the 2nd quarter. Gabelli Funds LLC now owns 4,222 shares of the financial services provider’s stock worth $2,253,000 after acquiring an additional 2,922 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

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.