Ameriprise Financial - AMP Stock Forecast, Price & News

11 Wall Street equities 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 equities research analysts is that investors should "buy" AMP shares.
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11 analysts have issued 1-year price objectives for Ameriprise Financial's shares. Their AMP share price forecasts range from $250.00 to $401.00. On average, they anticipate the company's stock price to reach $347.18 in the next year. This suggests that the stock has a possible downside of 2.0%.
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Ameriprise Financial's stock was trading at $311.37 at the beginning of 2023. Since then, AMP stock has increased by 13.7% and is now trading at $354.10.
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Ameriprise Financial saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 847,300 shares, an increase of 7.8% from the December 31st total of 785,800 shares. Based on an average daily volume of 570,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.8% of the shares of the company are short sold.
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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 quarterly earnings data on Thursday, January, 26th. The financial services provider reported $6.94 earnings per share for the quarter, topping analysts' consensus estimates 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%. The company's revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $6.15 EPS.
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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 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, February 9th.
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 1.44%. 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 15.08% 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 repurchase program on Wednesday, January 26th 2022, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.8% of its shares through open market purchases. Shares repurchase programs are often 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 a number of institutional and retail investors. Top institutional investors include Edmp Inc. (2.14%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Bank of Montreal Can (0.26%), Argent Capital Management LLC (0.23%), Welch & Forbes LLC (0.19%) and Assenagon Asset Management S.A. (0.16%). 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, Randy Kupper, 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 $354.10.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $37.68 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 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.