Ameriprise Financial - AMP Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last year. There are currently 1 sell rating, 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMP shares.
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9 Wall Street analysts have issued 12-month target prices for Ameriprise Financial's stock. Their AMP share price forecasts range from $250.00 to $351.00. On average, they anticipate the company's share price to reach $330.78 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
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Ameriprise Financial's stock was trading at $301.66 at the beginning of 2022. Since then, AMP shares have increased by 8.2% and is now trading at $326.32.
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Ameriprise Financial saw a increase in short interest in October. As of October 15th, there was short interest totaling 1,040,000 shares, an increase of 9.1% from the September 30th total of 952,900 shares. Based on an average daily volume of 554,600 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.0% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
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Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings data on Wednesday, October, 26th. The financial services provider reported $6.43 EPS for the quarter, beating analysts' consensus estimates of $5.85 by $0.58. The financial services provider earned $3.49 billion during the quarter, compared to analyst estimates of $3.32 billion. Ameriprise Financial had a trailing twelve-month return on equity of 61.53% and a net margin of 19.17%. The business's revenue was up 20.3% on a year-over-year basis. During the same period last year, the company posted $5.91 EPS.
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Ameriprise Financial declared a quarterly dividend on Tuesday, October 25th. Investors of record on Monday, November 7th will be given a dividend of $1.25 per share on Friday, November 18th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, November 4th.
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 1.50%. 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 20.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 17.19% 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 authorized a share repurchase program on Wednesday, January 26th 2022, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 8.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board 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 many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.09%), BlackRock Inc. (8.11%), State Street Corp (4.65%), Boston Partners (2.12%), Bank of New York Mellon Corp (2.05%) and UBS Asset Management Americas Inc. (1.92%). Insiders that own company stock include Colin Moore, Gerard P Smyth, Gumer Alvero, 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 $326.32.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $34.73 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 $23.98 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.