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Ameriprise Financial (AMP) Stock Forecast, Price & News

$326.95
-0.98 (-0.30%)
(As of 04:25 PM ET)
Compare
Today's Range
$325.06
$329.40
50-Day Range
$327.83
$356.86
52-Week Range
$249.76
$358.02
Volume
437,933 shs
Average Volume
540,263 shs
Market Capitalization
$33.55 billion
P/E Ratio
15.36
Dividend Yield
1.65%
Price Target
$361.00

Ameriprise Financial MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
10.9% Upside
$361.00 Price Target
Short Interest
Healthy
0.77% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.47
Upright™ Environmental Score
News Sentiment
1.56mentions of Ameriprise Financial in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$7.99 M Sold Last Quarter
Proj. Earnings Growth
12.26%
From $29.94 to $33.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.92 out of 5 stars

Finance Sector

289th out of 842 stocks

Investment Advice Industry

17th out of 50 stocks


AMP stock logo

About Ameriprise Financial (NYSE:AMP) Stock

Ameriprise Financial, Inc., through 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 and advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third-party financial institutions and institutional sales force. This segment products also 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 to individual clients, as well as life and DI 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. The company was founded in 1894 and is headquartered in Minneapolis, Minnesota.

AMP Price History

AMP Stock News Headlines

Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Breaking Down 6 Common Retirement Planning Myths
Student Debt And College Loans, Explained
5 Passive Income Strategies for Investors to Understand
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Four Ways Life Insurance Can Grow and Protect Your Wealth
Analyst Ratings for Ameriprise Finl
See More Headlines
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AMP Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 8/18 Dividend
8/04/2023
Dividend Payable
8/18/2023
Today
9/27/2023
Next Earnings (Estimated)
10/24/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
03076C10
Employees
13,500
Year Founded
1894

Price Target and Rating

Average Stock Price Forecast
$361.00
High Stock Price Forecast
$410.00
Low Stock Price Forecast
$250.00
Forecasted Upside/Downside
+10.5%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
20.53%

Debt

Sales & Book Value

Annual Sales
$14.29 billion
Cash Flow
$25.76 per share
Book Value
$33.95 per share

Miscellaneous

Free Float
101,877,000
Market Cap
$33.53 billion
Optionable
Optionable
Beta
1.48

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Key Executives

  • Mr. James M. CracchioloMr. James M. Cracchiolo (Age 64)
    Chairman & CEO
    Comp: $9.85M
  • Mr. Walter S. Berman (Age 80)
    Exec. VP, CFO & Chief Risk Officer
    Comp: $3.94M
  • Mr. William Davies (Age 59)
    Exec. VP & Global Chief Investment Officer
    Comp: $2.85M
  • Mr. William Frederick Truscott (Age 63)
    Chief Exec. Officer of Global Asset Management
    Comp: $3.51M
  • Mr. Joseph Edward SweeneyMr. Joseph Edward Sweeney (Age 62)
    Pres of Advice & Wealth Management - Products and Service Delivery
    Comp: $2.66M
  • Mr. John R. HuttMr. John R. Hutt (Age 47)
    Exec. VP - Fin., Controller & Principal Accounting Officer
  • Mr. Gerard P. SmythMr. Gerard P. Smyth (Age 61)
    Exec. VP & Global Chief Information Officer
  • Ms. Alicia A. Charity
    Sr. VP of Investor Relations
  • Ms. Heather J. MellohMs. Heather J. Melloh (Age 51)
    Exec. VP & Gen. Counsel
  • Ms. Deirdre D. Davey McGraw (Age 52)
    Exec. VP of Marketing, Communications & Community Relations













AMP Stock - Frequently Asked Questions

Should I buy or sell Ameriprise Financial stock right now?

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

What is Ameriprise Financial's stock price forecast for 2023?

7 brokerages have issued 12 month target prices for Ameriprise Financial's stock. Their AMP share price forecasts range from $250.00 to $410.00. On average, they expect the company's stock price to reach $361.00 in the next year. This suggests a possible upside of 10.5% 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 2023?

Ameriprise Financial's stock was trading at $311.37 on January 1st, 2023. Since then, AMP shares have increased by 4.9% and is now trading at $326.70.
View the best growth stocks for 2023 here
.

Are investors shorting Ameriprise Financial?

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 trading volume of 440,300 shares, the short-interest ratio is currently 1.8 days. Currently, 0.8% of the shares of the company 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 Tuesday, October 24th 2023.
View our AMP earnings forecast
.

How were Ameriprise Financial's earnings last quarter?

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

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

Ameriprise Financial announced a quarterly dividend on Wednesday, July 26th. Investors of record on Monday, August 7th will be given a dividend of $1.35 per share on Friday, August 18th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, August 4th. This is an increase from the stock's previous quarterly dividend of $0.10.
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 1.61%. 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.

How will Ameriprise Financial's stock buyback program work?

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

What is Ameriprise Financial's stock symbol?

Ameriprise Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMP."

Who are Ameriprise Financial's major shareholders?

Ameriprise Financial's stock is owned by a number of retail and institutional 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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ameriprise Financial's stock price today?

One share of AMP stock can currently be purchased for approximately $326.70.

How much money does Ameriprise Financial make?

Ameriprise Financial (NYSE:AMP) has a market capitalization of $33.53 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.

How many employees does Ameriprise Financial have?

The company employs 13,500 workers across the globe.

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.
Read More
How can I contact Ameriprise Financial?

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.

This page (NYSE:AMP) was last updated on 9/27/2023 by MarketBeat.com Staff

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