Ameriprise Financial - AMP Stock Forecast, Price & News

11 Wall Street research 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 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMP shares.
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11 brokers have issued 1 year 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 share price to reach $347.18 in the next year. This suggests a possible upside of 17.2% 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 decreased by 4.9% and is now trading at $296.23.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 24th 2023.
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Ameriprise Financial, Inc. (NYSE:AMP) posted its earnings results on Thursday, January, 26th. The financial services provider reported $6.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.35 by $0.59. The financial services provider had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.46 billion. Ameriprise Financial had a trailing twelve-month return on equity of 70.64% and a net margin of 17.91%. Ameriprise Financial's revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $6.15 earnings per share.
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Ameriprise Financial declared a quarterly dividend on Wednesday, January 25th. Investors of record on Friday, February 10th will be given a dividend of $1.25 per share on Tuesday, February 28th. This represents a $5.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for AMP.

ETFs with the largest weight of Ameriprise Financial (NYSE:AMP) stock in their portfolio include Invesco DWA Financial Momentum ETF (PFI), AdvisorShares Dorsey Wright Alpha Equal Weight ETF (DWEQ), Invesco Focused Discovery Growth ETF (IVDG), Thrivent Small-Mid Cap ESG ETF (TSME), Zacks Earnings Consistent Portfolio ETF (ZECP), First Trust Financial AlphaDEX Fund (FXO), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL) and First Trust Long/Short Equity ETF (FTLS).

Ameriprise Financial (NYSE:AMP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 1.78%. The company has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 15.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMP.

Ameriprise Financial declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 26th 2022, which authorizes the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually an indication 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 retail and institutional investors. Top institutional shareholders include Aristotle Capital Management LLC (3.77%), JPMorgan Chase & Co. (3.18%), Geode Capital Management LLC (2.26%), Morgan Stanley (2.23%), Edmp Inc. (2.14%) and Boston Partners (1.87%). 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.
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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 $296.23.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $31.52 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 $22.45 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.