Ameriprise Financial (AMP) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AMP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMP, but not buy additional shares or sell existing shares.
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9 analysts have issued 12-month target prices for Ameriprise Financial's shares. Their AMP share price forecasts range from $250.00 to $401.00. On average, they expect the company's share price to reach $349.70 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price.
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Ameriprise Financial's stock was trading at $311.37 at the beginning of the year. Since then, AMP stock has decreased by 2.5% and is now trading at $303.73.
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Ameriprise Financial saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,200,000 shares, an increase of 14.3% from the April 30th total of 1,050,000 shares. Based on an average daily trading volume, of 644,600 shares, the short-interest ratio is currently 1.9 days. Approximately 1.2% of the shares of the company are short sold.
View Ameriprise Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our AMP earnings forecast.

Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings data on Tuesday, April, 25th. The financial services provider reported $7.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.21 by $0.04. The financial services provider had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.69 billion. Ameriprise Financial had a net margin of 15.41% and a trailing twelve-month return on equity of 77.32%. The company's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.98 EPS.
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Ameriprise Financial announced a quarterly dividend on Monday, April 24th. Shareholders of record on Monday, May 8th will be paid a dividend of $0.10 per share on Friday, May 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.13%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for AMP.

ETFs with the largest weight of Ameriprise Financial (NYSE:AMP) stock in their portfolio include OneAscent Large Cap Core ETF (OALC), Invesco DWA Financial Momentum ETF (PFI), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL), Invesco Focused Discovery Growth ETF (IVDG), WisdomTree U.S. Growth & Momentum Fund (WGRO), Thrivent Small-Mid Cap ESG ETF (TSME) and First Trust Financial AlphaDEX Fund (FXO).

Ameriprise Financial (NYSE:AMP) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.75%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 27.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 15.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMP.

Ameriprise Financial announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 26th 2022, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMP."

Ameriprise Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.94%), State Street Corp (4.43%), Aristotle Capital Management LLC (3.71%), Geode Capital Management LLC (2.31%), Bank of New York Mellon Corp (1.75%) and Boston Partners (1.73%). 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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One share of AMP stock can currently be purchased for approximately $303.73.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $31.64 billion and generates $14.29 billion in revenue each year. The financial services provider earns $2.56 billion in net income (profit) each year or $19.69 on an earnings per share basis.

The company employs 13,500 workers across the globe.

Ameriprise Financial's mailing address is 1099 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN, 55474. The official website for the company is www.ameriprise.com. The financial services provider can be reached via phone at (612) 671-3131, via email at alicia.a.charity@ampf.com, or via fax at 612-671-8880.