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 Advice & Wealth Management, Asset Management, Annuities, and Protection segments. 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 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's 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 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 various products to address the protection and risk management needs of retail clients, including life, disability income, and property casualty insurance through advisors and affinity relationships. 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.
Industry, Sector and Symbol
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone612-671-3131
Debt
Current Ratio0.66
Quick Ratio0.66
Price-To-Earnings
Sales & Book Value
Annual Sales$12.03 billion
Price / Sales1.37
Price / Cash Flow7.90
Price / Book2.92
Profitability
Net Income$1.48 billion
Net Margins13.58%
Return on Assets1.48%
Miscellaneous
Employees13,000
OptionableOptionable
Ameriprise Financial (NYSE:AMP) Frequently Asked Questions
What is Ameriprise Financial's stock symbol?
Ameriprise Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMP."
How often does Ameriprise Financial pay dividends? What is the dividend yield for Ameriprise Financial?
Ameriprise Financial announced a quarterly dividend on Tuesday, October 23rd. Stockholders of record on Monday, November 5th will be paid a dividend of $0.90 per share on Friday, November 16th. This represents a $3.60 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, November 2nd. View Ameriprise Financial's Dividend History.
How will Ameriprise Financial's stock buyback program work?
Ameriprise Financial declared that its board has approved a stock buyback program on Sunday, June 4th 2017, which authorizes the company to repurchase $2,500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 12.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.
How were Ameriprise Financial's earnings last quarter?
Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings results on Tuesday, October, 23rd. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.68 by $0.37. The financial services provider had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. Ameriprise Financial had a return on equity of 37.21% and a net margin of 13.58%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.12 EPS. View Ameriprise Financial's Earnings History.
When is Ameriprise Financial's next earnings date?
What price target have analysts set for AMP?
8 analysts have issued 1-year price objectives for Ameriprise Financial's shares. Their predictions range from $135.00 to $186.00. On average, they anticipate Ameriprise Financial's share price to reach $152.00 in the next year. This suggests a possible upside of 28.5% from the stock's current price. View Analyst Price Targets for Ameriprise Financial.
What is the consensus analysts' recommendation for Ameriprise Financial?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ameriprise Financial.
Has Ameriprise Financial been receiving favorable news coverage?
News stories about AMP stock have been trending somewhat positive on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ameriprise Financial earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 7.0 out of 10, indicating that recent media coverage is likely to have an effect on the stock's share price in the next few days.
Who are some of Ameriprise Financial's key competitors?
Some companies that are related to Ameriprise Financial include Blackstone Group (BX), LEG & GEN GRP P/S (LGGNY), Franklin Resources (BEN), KKR & Co Inc (KKR), Invesco (IVZ), Oaktree Capital Group (OAK), Apollo Global Management (APO), Affiliated Managers Group (AMG), Lazard (LAZ), Morningstar (MORN), Eaton Vance (EV), Janus Henderson Group (JHG), Evercore (EVR), MAN GRP PLC/ADR (MNGPY) and AllianceBernstein (AB).
Who are Ameriprise Financial's key executives?
Ameriprise Financial's management team includes the folowing people:
- Mr. James M. Cracchiolo, Chairman & CEO (Age 60)
- Mr. Walter S. Berman, Exec. VP & CFO (Age 76)
- Mr. Colin Moore AIIMR, Exec. VP & Global Chief Investment Officer (Age 61)
- Mr. William Frederick Truscott, Chief Exec. Officer of Global Asset Management (Age 59)
- Mr. Joseph Edward Sweeney, Pres of Advice & Wealth Management - Products & Service Delivery (Age 58)
Who are Ameriprise Financial's major shareholders?
Ameriprise Financial's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Ferguson Wellman Capital Management Inc. (0.07%), Gulf International Bank UK Ltd (0.02%), Pennsylvania Trust Co (0.02%), Legacy Private Trust Co. (0.02%), Boston Advisors LLC (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Ameriprise Financial stock include Charles Neal Maglaque, Colin Moore, David Kent Stewart, Deirdre Davey Mcgraw, James M Cracchiolo, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Kelli A Hunter, 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 Gulf International Bank UK Ltd, First Citizens Bank & Trust Co., Boston Advisors LLC, Cullinan Associates Inc., First Hawaiian Bank, Ferguson Wellman Capital Management Inc., Legacy Private Trust Co. and Stokes Capital Advisors LLC. Company insiders that have sold Ameriprise Financial company stock in the last year include Deirdre Davey Mcgraw, Randy Kupper and William F Truscott. View Insider Buying and Selling for Ameriprise Financial.
Which major investors are buying Ameriprise Financial stock?
AMP stock was bought by a variety of institutional investors in the last quarter, including QUANTRES ASSET MANAGEMENT Ltd, Virtu Financial LLC, Pennsylvania Trust Co, Cerebellum GP LLC, State of Alaska Department of Revenue, Prentiss Smith & Co. Inc., Fulton Bank N.A. and Private Asset Management Inc.. Company insiders that have bought Ameriprise Financial stock in the last two years include James M Cracchiolo and Walter Stanley Berman. View Insider Buying and Selling for Ameriprise Financial.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ameriprise Financial's stock price today?
One share of AMP stock can currently be purchased for approximately $118.26.
How big of a company is Ameriprise Financial?
Ameriprise Financial has a market capitalization of $16.05 billion and generates $12.03 billion in revenue each year. The financial services provider earns $1.48 billion in net income (profit) each year or $12.27 on an earnings per share basis. Ameriprise Financial employs 13,000 workers across the globe.
What is Ameriprise Financial's official website?
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 612-671-3131 or via email at [email protected]
MarketBeat Community Rating for Ameriprise Financial (NYSE AMP)
MarketBeat's community ratings are surveys of what our community members think about Ameriprise Financial and other stocks. Vote "Outperform" if you believe AMP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AMP will underperform the S&P 500 over the long term. You may vote once every thirty days.
