Ameriprise Financial (AMP) Stock Forecast, Price & News

7 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street 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.

7 Wall Street research analysts have issued twelve-month target prices for Ameriprise Financial's stock. Their AMP share price forecasts range from $250.00 to $410.00. On average, they anticipate the company's share price to reach $361.00 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts price targets for AMP or view top-rated stocks among Wall Street analysts.

Ameriprise Financial's stock was trading at $311.37 at the start of the year. Since then, AMP shares have increased by 7.1% and is now trading at $333.49.
View the best growth stocks for 2023 here.

Ameriprise Financial saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 771,300 shares, an increase of 12.5% from the August 15th total of 685,400 shares. Based on an average daily trading volume, of 440,300 shares, the short-interest ratio is presently 1.8 days. Approximately 0.8% of the company's shares are sold short.
View Ameriprise Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our AMP earnings forecast.

Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings results on Thursday, July, 27th. The financial services provider reported $7.44 earnings per share for the quarter, beating analysts' consensus estimates of $7.29 by $0.15. The financial services provider earned $3.88 billion during the quarter, compared to analysts' expectations of $3.81 billion. Ameriprise Financial had a trailing twelve-month return on equity of 82.23% and a net margin of 15.94%. The firm's revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.81 earnings per share.

Ameriprise Financial announced a quarterly dividend on Wednesday, July 26th. Shareholders of record on Monday, August 7th will be paid a dividend of $1.35 per share on Friday, August 18th. This represents a $5.40 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, August 4th. This is a positive change from the stock's previous quarterly dividend of $0.10.
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 (NYSE:AMP) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.62%. 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 25.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 16.07% 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 has authorized a stock 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 buy up to 9.5% of its stock through open market purchases. Stock buyback plans are typically a sign 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.42%), State Street Corp (4.53%), Aristotle Capital Management LLC (3.71%), Geode Capital Management LLC (2.40%), Bank of New York Mellon Corp (1.75%) and Boston Partners (1.66%). 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.

One share of AMP stock can currently be purchased for approximately $333.49.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $34.23 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 $21.29 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.