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S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
S&P 500   3,925.43
DOW   31,961.86
QQQ   324.13
S&P 500   3,925.43
DOW   31,961.86
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NYSE:AMP

Ameriprise Financial Stock Forecast, Price & News

$232.10
+5.60 (+2.47 %)
(As of 02/24/2021 12:00 AM ET)
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Today's Range
$225.21
Now: $232.10
$232.81
50-Day Range
$197.74
MA: $210.21
$226.50
52-Week Range
$80.01
Now: $232.10
$232.81
Volume635,205 shs
Average Volume658,048 shs
Market Capitalization$27.38 billion
P/E Ratio16.63
Dividend Yield1.84%
Beta1.74
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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors. The Asset Management segment offers investment management, advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third party financial institutions and institutional sales force. Its 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 funds. The Annuities segment provides variable and fixed annuity products to individual clients through affiliated and unaffiliated advisors, and financial institutions. The Protection segment offers variable and fixed annuity products to address the protection and risk management needs of retail clients, including life and disability income insurance. The Corporate & Other segment consist of long term care business, net investment income or loss on corporate level assets. 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.
Ameriprise Financial logo

Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP03076C10
Phone612-671-8001
Employees12,500
Year Founded1894

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.97 billion
Cash Flow$20.20 per share
Book Value$43.78 per share

Profitability

Net Income$1.89 billion

Miscellaneous

Market Cap$27.38 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.60 out of 5 stars

Finance Sector

18th out of 1,937 stocks

Investment Advice Industry

2nd out of 65 stocks

Analyst Opinion: 1.4Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$232.10
+5.60 (+2.47 %)
(As of 02/24/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ameriprise Financial (NYSE:AMP) Frequently Asked Questions

Is Ameriprise Financial a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ameriprise Financial stock.
View analyst ratings for Ameriprise Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Ameriprise Financial?

Wall Street analysts have given Ameriprise Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ameriprise Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Ameriprise Financial's next earnings date?

Ameriprise Financial is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for Ameriprise Financial
.

How were Ameriprise Financial's earnings last quarter?

Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings data on Tuesday, January, 26th. The financial services provider reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.44 by $0.09. The financial services provider had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.13 billion. Ameriprise Financial had a trailing twelve-month return on equity of 33.79% and a net margin of 15.16%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company posted $4.20 earnings per share.
View Ameriprise Financial's earnings history
.

How has Ameriprise Financial's stock been impacted by Coronavirus?

Ameriprise Financial's stock was trading at $110.78 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AMP stock has increased by 109.5% and is now trading at $232.10.
View which stocks have been most impacted by COVID-19
.

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

Ameriprise Financial announced a quarterly dividend on Wednesday, January 27th. Shareholders of record on Friday, February 12th will be given a dividend of $1.04 per share on Friday, February 26th. This represents a $4.16 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, February 11th.
View Ameriprise Financial's dividend history
.

Is Ameriprise Financial a good dividend stock?

Ameriprise Financial pays an annual dividend of $4.16 per share and currently has a dividend yield of 1.84%. Ameriprise Financial has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Ameriprise Financial is 25.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ameriprise Financial will have a dividend payout ratio of 21.99% next year. This indicates that Ameriprise Financial will be able to sustain or increase its dividend.
View Ameriprise Financial's dividend history.

How will Ameriprise Financial's stock buyback program work?

Ameriprise Financial announced that its Board of Directors has approved a share buyback program on Tuesday, September 29th 2020, which permits the company to repurchase $2,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

What price target have analysts set for AMP?

9 brokerages have issued 12 month price objectives for Ameriprise Financial's stock. Their forecasts range from $140.00 to $245.00. On average, they anticipate Ameriprise Financial's share price to reach $201.10 in the next year. This suggests that the stock has a possible downside of 13.4%.
View analysts' price targets for Ameriprise Financial
or view top-rated stocks among Wall Street analysts.

Who are Ameriprise Financial's key executives?

Ameriprise Financial's management team includes the following people:
  • Mr. James M. Cracchiolo, Chairman & CEO (Age 62, Pay $7.41M) (LinkedIn Profile)
  • Mr. Walter S. Berman, Exec. VP & CFO (Age 78, Pay $3.49M)
  • Mr. Colin Moore AIIMR, Exec. VP & Global Chief Investment Officer (Age 63, Pay $2.3M)
  • Mr. William Frederick Truscott, Chief Exec. Officer of Global Asset Management (Age 61, Pay $2.89M)
  • Mr. Joseph Edward Sweeney, Pres of Advice & Wealth Management - Products and Service Delivery (Age 60, Pay $1.96M) (LinkedIn Profile)
  • Mr. Charles Neal Maglaque, Pres of Advice, Wealth Management & Bus. Devel. and COO (Age 64) (LinkedIn Profile)
  • Mr. John R. Hutt, Sr. VP of Corp. Fin., Controller & Principal Accounting Officer (Age 46)
  • Mr. Gerard P. Smyth, Exec. VP & Chief Information Officer
  • Ms. Alicia A. Charity, Sr. VP of Investor Relations
  • Ms. Karen Wilson Thissen, Exec. VP & Gen. Counsel (Age 54) (LinkedIn Profile)

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

917 employees have rated Ameriprise Financial CEO Jim Cracchiolo on Glassdoor.com. Jim Cracchiolo has an approval rating of 89% among Ameriprise Financial's employees.

Who are some of Ameriprise Financial's key competitors?

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), The Home Depot (HD), Verizon Communications (VZ), The 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. (7.41%), Aristotle Capital Management LLC (4.23%), JPMorgan Chase & Co. (3.63%), Boston Partners (1.64%), Lyrical Asset Management LP (1.59%) and Bank of New York Mellon Corp (1.49%). Company insiders that own Ameriprise Financial stock include Colin Moore, John R Hutt, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Randy Kupper, Walter Stanley Berman and William F Truscott.
View institutional ownership trends for Ameriprise Financial
.

Which major investors are selling Ameriprise Financial stock?

AMP stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Sumitomo Mitsui Trust Holdings Inc., Charles Schwab Investment Management Inc., AJO LP, Brown Advisory Inc., ExodusPoint Capital Management LP, and Lord Abbett & CO. LLC. Company insiders that have sold Ameriprise Financial company stock in the last year include Colin Moore, John R Hutt, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Walter Stanley Berman, and William F Truscott.
View insider buying and selling activity for Ameriprise Financial
or view top insider-selling stocks.

Which major investors are buying Ameriprise Financial stock?

AMP stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Principal Financial Group Inc., Conning Inc., Cibc World Markets Corp, AGF Investments Inc., Aristotle Capital Management LLC, Healthcare of Ontario Pension Plan Trust Fund, and Prana Capital Management LP.
View insider buying and selling activity for Ameriprise Financial
or or view top insider-buying stocks.

How do I buy shares of Ameriprise Financial?

Shares of AMP 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 $232.10.

How much money does Ameriprise Financial make?

Ameriprise Financial has a market capitalization of $27.38 billion and generates $12.97 billion in revenue each year. The financial services provider earns $1.89 billion in net income (profit) each year or $16.10 on an earnings per share basis.

How many employees does Ameriprise Financial have?

Ameriprise Financial employs 12,500 workers across the globe.

When was Ameriprise Financial founded?

Ameriprise Financial was founded in 1894.

What is Ameriprise Financial's official website?

The official website for Ameriprise Financial is www.ameriprise.com.

Where are Ameriprise Financial's headquarters?

Ameriprise Financial is headquartered at 1099 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN, 55474.

How can I contact Ameriprise Financial?

Ameriprise Financial's mailing address is 1099 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN, 55474. The financial services provider can be reached via phone at 612-671-8001 or via email at [email protected]


This page was last updated on 2/25/2021 by MarketBeat.com Staff

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