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NYSE:AMP

Ameriprise Financial (AMP) Stock Price, News & Analysis

$420.96
+3.95 (+0.95%)
(As of 12:27 PM ET)
Today's Range
$414.49
$421.06
50-Day Range
$389.89
$438.48
52-Week Range
$279.85
$440.67
Volume
150,675 shs
Average Volume
488,763 shs
Market Capitalization
$42.18 billion
P/E Ratio
17.75
Dividend Yield
1.28%
Price Target
$441.00

Ameriprise Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
5.3% Upside
$441.00 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.38
Upright™ Environmental Score
News Sentiment
1.04mentions of Ameriprise Financial in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$35.56 M Sold Last Quarter
Proj. Earnings Growth
7.84%
From $34.43 to $37.13 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.94 out of 5 stars

Finance Sector

33rd out of 850 stocks

Investment Advice Industry

2nd out of 46 stocks

AMP stock logo

About Ameriprise Financial Stock (NYSE:AMP)

Ameriprise Financial, Inc., together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor networks, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. This segment products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.

AMP Stock Price History

AMP Stock News Headlines

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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/27 Dividend
2/08/2024
Dividend Payable
2/27/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
CUSIP
03076C10
Employees
13,800
Year Founded
1894

Price Target and Rating

Average Stock Price Target
$441.00
High Stock Price Target
$488.00
Low Stock Price Target
$392.00
Potential Upside/Downside
+5.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
20.82%

Debt

Sales & Book Value

Annual Sales
$15.54 billion
Cash Flow
$30.94 per share
Book Value
$46.73 per share

Miscellaneous

Free Float
99,460,000
Market Cap
$41.78 billion
Optionable
Optionable
Beta
1.36

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Key Executives

Should I Buy Ameriprise Financial Stock? AMP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ameriprise Financial, Inc.:

  • Ameriprise Financial, Inc. operates through four segments, including Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other, providing a diversified portfolio of financial products and services.
  • The company offers a range of financial planning and advice services, catering to both individual and institutional clients, which can attract a broad customer base.
  • Ameriprise Financial, Inc. has a long-standing history, being founded in 1894, showcasing stability and experience in the financial industry.
  • The Asset Management segment of Ameriprise Financial offers a variety of investment products to retail, high net worth, and institutional clients, providing diverse options for investors.
  • Recent positive developments in the market have shown an upward trend in Ameriprise Financial's stock price, indicating potential growth opportunities for investors.

Cons

Investors should be bearish about investing in Ameriprise Financial, Inc. for these reasons:

  • Market volatility and economic uncertainties can impact the financial services sector, potentially affecting Ameriprise Financial's performance.
  • Regulatory changes in the financial industry could lead to increased compliance costs for Ameriprise Financial, impacting its profitability.
  • Competition in the financial services market is intense, with other firms offering similar products and services, posing a challenge to Ameriprise Financial's market share.
  • Changes in interest rates can influence the company's revenue streams, especially in segments like Asset Management and Retirement & Protection Solutions.
  • Investors should carefully consider the overall market conditions and economic outlook before making investment decisions related to Ameriprise Financial, Inc.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Ameriprise Financial pros and cons to contact@marketbeat.com.

AMP Stock Analysis - Frequently Asked Questions

Should I buy or sell Ameriprise Financial stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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.
View AMP analyst ratings
or view top-rated stocks.

What is Ameriprise Financial's stock price target for 2024?

8 analysts have issued 1 year price targets for Ameriprise Financial's shares. Their AMP share price targets range from $392.00 to $488.00. On average, they predict the company's share price to reach $441.00 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for AMP
or view top-rated stocks among Wall Street analysts.

How have AMP shares performed in 2024?

Ameriprise Financial's stock was trading at $379.83 at the beginning of the year. Since then, AMP stock has increased by 10.2% and is now trading at $418.70.
View the best growth stocks for 2024 here
.

Are investors shorting Ameriprise Financial?

Ameriprise Financial saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 901,300 shares, a decline of 7.2% from the March 15th total of 970,900 shares. Based on an average trading volume of 477,400 shares, the short-interest ratio is currently 1.9 days. Approximately 0.9% of the shares of the stock are short sold.
View Ameriprise Financial's Short Interest
.

When is Ameriprise Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our AMP earnings forecast
.

How can I listen to Ameriprise Financial's earnings call?

Ameriprise Financial will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Ameriprise Financial's earnings last quarter?

Ameriprise Financial, Inc. (NYSE:AMP) posted its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $7.75 earnings per share for the quarter, topping the consensus estimate of $7.67 by $0.08. The financial services provider had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.90 billion. Ameriprise Financial had a trailing twelve-month return on equity of 77.39% and a net margin of 16.27%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $6.94 EPS.
Read the conference call transcript
.

How often does Ameriprise Financial pay dividends? What is the dividend yield for Ameriprise Financial?

Ameriprise Financial declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Friday, February 9th will be given a dividend of $1.35 per share on Tuesday, February 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for AMP
.

Is Ameriprise Financial a good dividend stock?

Ameriprise Financial (NYSE:AMP) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.29%. 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 22.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 14.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMP.

How will Ameriprise Financial's stock buyback program work?

Ameriprise Financial announced that its board has initiated a share repurchase plan on Wednesday, July 26th 2023, which authorizes the company to repurchase $3,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its stock is undervalued.

What is Jim Cracchiolo's approval rating as Ameriprise Financial's CEO?

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.

What other stocks do shareholders of Ameriprise Financial own?

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).

Who are Ameriprise Financial's major shareholders?

Ameriprise Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.26%), Atwood & Palmer Inc. (0.08%), Massmutual Trust Co. FSB ADV (0.07%), Portman Square Capital LLP (0.00%), Ferguson Wellman Capital Management Inc. (0.06%) and State of Alaska Department of Revenue (0.05%). Insiders that own company stock include 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.
View institutional ownership trends
.

How do I buy shares of Ameriprise Financial?

Shares of AMP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Ameriprise Financial have any subsidiaries?
The following companies are subsidiares of Ameriprise Financial: AMPF Holding Corporation, American Enterprise Investment Services Inc., Ameriprise Bank FSB, Ameriprise Certificate Company, Ameriprise Financial Services Inc., Columbia Management, Columbia Management Investment Advisers LLC, H&R Block, J & W Seligman, JHS Capital, RiverSource Life Insurance Co. of New York, RiverSource Life Insurance Company, Securities America, and Threadneedle Asset Management.
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This page (NYSE:AMP) was last updated on 4/22/2024 by MarketBeat.com Staff

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