Ameriprise Financial (AMP) Stock Forecast, Price & News

9 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 5 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.
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9 Wall Street research analysts have issued 12-month price targets for Ameriprise Financial's stock. Their AMP share price forecasts range from $250.00 to $401.00. On average, they anticipate the company's stock price to reach $349.70 in the next year. This suggests a possible upside of 10.3% 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 shares have increased by 1.9% and is now trading at $317.14.
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Ameriprise Financial saw a increase in short interest in 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 volume of 644,600 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.2% of the shares of the stock are sold short.
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) posted its quarterly earnings results on Tuesday, April, 25th. The financial services provider reported $7.25 EPS for the quarter, topping the consensus estimate of $7.21 by $0.04. The financial services provider earned $3.74 billion during the quarter, compared to analyst estimates of $3.69 billion. Ameriprise Financial had a trailing twelve-month return on equity of 77.32% and a net margin of 15.41%. The business's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company posted $5.98 EPS.
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Ameriprise Financial announced a quarterly dividend on Monday, April 24th. Stockholders 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 1.73%. 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 15.96% 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 initiated a share repurchase program on Wednesday, January 26th 2022, which permits the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors 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 many different institutional and retail investors. Top institutional investors 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.
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.
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One share of AMP stock can currently be purchased for approximately $317.14.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $33.04 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.