Ameriprise Financial Stock Price, News & Analysis (NYSE:AMP)

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMP shares.
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5 Wall Street research analysts have issued 12-month price objectives for Ameriprise Financial's stock. Their AMP share price targets range from $365.00 to $410.00. On average, they expect the company's stock price to reach $385.50 in the next year. This suggests a possible upside of 7.8% from the stock's current price.
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Ameriprise Financial's stock was trading at $311.37 at the start of the year. Since then, AMP shares have increased by 14.8% and is now trading at $357.58.
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Ameriprise Financial saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,040,000 shares, an increase of 31.3% from the October 31st total of 792,100 shares. Based on an average daily volume of 455,100 shares, the short-interest ratio is currently 2.3 days. Approximately 1.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 24th 2024.
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Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings results on Wednesday, October, 25th. The financial services provider reported $7.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.58 by $0.10. The financial services provider earned $3.91 billion during the quarter, compared to the consensus estimate of $3.96 billion. Ameriprise Financial had a net margin of 17.63% and a trailing twelve-month return on equity of 81.75%.

Ameriprise Financial declared a quarterly dividend on Wednesday, October 25th. Shareholders of record on Monday, November 6th will be given a dividend of $1.35 per share on Friday, November 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, November 3rd.
Read our dividend analysis for AMP.

Ameriprise Financial (NYSE:AMP) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.53%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 21.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 16.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMP.

ETFs with the largest weight of Ameriprise Financial (NYSE:AMP) stock in their portfolio include BTD Capital Fund (DIP), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL), OneAscent Large Cap Core ETF (OALC), Invesco Focused Discovery Growth ETF (IVDG), Thrivent Small-Mid Cap ESG ETF (TSME), WBI BullBear Yield 3000 ETF (WBIG), Zacks Earnings Consistent Portfolio ETF (ZECP) and SPDR S&P Capital Markets ETF (KCE).

Ameriprise Financial announced that its board has approved a share buyback plan on Wednesday, July 26th 2023, which allows the company to buyback $3,500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's board believes its shares are undervalued.

917 employees have rated Ameriprise Financial Chief Executive Officer Jim Cracchiolo on Glassdoor.com. Jim Cracchiolo has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ameriprise Financial investors own include Cisco Systems (CSCO), Johnson & Johnson (JNJ), AT&T (T), Intel (INTC), Bank of America (BAC), Home Depot (HD), Verizon Communications (VZ), Coca-Cola (KO), Lockheed Martin (LMT) and CVS Health (CVS).

Ameriprise Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Aristotle Capital Management LLC (3.63%), Morgan Stanley (2.21%), Boston Partners (1.69%), Bank of New York Mellon Corp (1.45%), FMR LLC (1.28%) and Northern Trust Corp (1.24%). Insiders that own company stock include Colin Moore, Dawn M Brockman, Gerard P Smyth, Gumer Alvero, Heather J Melloh, James M Cracchiolo, John R Hutt, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Robert Francis Sharpe Jr, Walter Stanley Berman and William F Truscott.
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Shares of AMP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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