Ameriprise Financial - AMP Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMP shares.
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11 analysts have issued 1 year target prices for Ameriprise Financial's shares. Their AMP share price forecasts range from $220.00 to $350.00. On average, they predict the company's stock price to reach $316.70 in the next twelve months. This suggests a possible upside of 22.1% from the stock's current price.
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Ameriprise Financial's stock was trading at $301.66 on January 1st, 2022. Since then, AMP shares have decreased by 14.0% and is now trading at $259.43.
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Ameriprise Financial saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,020,000 shares, an increase of 11.0% from the August 31st total of 919,100 shares. Based on an average trading volume of 572,500 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.0% of the company's stock are sold short.
View Ameriprise Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
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Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings data on Tuesday, July, 26th. The financial services provider reported $5.81 earnings per share for the quarter, beating analysts' consensus estimates of $5.73 by $0.08. The financial services provider had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.51 billion. Ameriprise Financial had a net margin of 23.49% and a trailing twelve-month return on equity of 53.86%. During the same period in the prior year, the company earned $5.27 earnings per share.
Read the conference call transcript.

Ameriprise Financial announced a quarterly dividend on Tuesday, July 26th. Shareholders of record on Monday, August 8th will be given a dividend of $1.25 per share on Friday, August 19th. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, August 5th.
Read our dividend analysis for AMP.

Ameriprise Financial (NYSE:AMP) pays an annual dividend of $5.00 per share and currently has a dividend yield of 1.98%. The company has been increasing its dividend for 16 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 17.64% 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 has authorized a share repurchase plan on Wednesday, January 26th 2022, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its shares are 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."

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 $259.43.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $28.06 billion and generates $13.43 billion in revenue each year. The financial services provider earns $2.76 billion in net income (profit) each year or $27.77 on an earnings per share basis.

The company employs 12,000 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.