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
Stock Exchange NYSE
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNYSE:AMP
Previous Symbol
CUSIP03076C10
Phone612-671-3131
Debt
Debt-to-Equity Ratio0.75
Current Ratio0.66
Quick Ratio0.66
Price-To-Earnings
Trailing P/E Ratio9.17
Forward P/E Ratio7.48
P/E GrowthN/A
Sales & Book Value
Annual Sales$12.03 billion
Price / Sales1.30
Cash Flow$14.1637 per share
Price / Cash Flow7.94
Book Value$40.55 per share
Price / Book2.77
Profitability
EPS (Most Recent Fiscal Year)$12.27
Net Income$1.48 billion
Net Margins13.58%
Return on Equity37.21%
Return on Assets1.48%
Miscellaneous
Employees13,000
Outstanding Shares139,360,000
Market Cap$16.14 billion
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. Shareholders 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 dividend on an annualized basis and a yield of 3.20%. 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 announced that its board has approved a share buyback plan on Sunday, June 4th 2017, which allows the company to buyback $2,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 12.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.
How were Ameriprise Financial's earnings last quarter?
Ameriprise Financial, Inc. (NYSE:AMP) posted its earnings results on Tuesday, October, 23rd. The financial services provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.37. The financial services provider earned $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. Ameriprise Financial had a net margin of 13.58% and a return on equity of 37.21%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $3.12 earnings per share. View Ameriprise Financial's Earnings History.
When is Ameriprise Financial's next earnings date?
What price target have analysts set for AMP?
8 equities research analysts have issued 1 year price targets for Ameriprise Financial's shares. Their forecasts range from $145.00 to $186.00. On average, they expect Ameriprise Financial's stock price to reach $159.1429 in the next twelve months. This suggests a possible upside of 41.5% 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 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ameriprise Financial.
Has Ameriprise Financial been receiving favorable news coverage?
Media stories about AMP stock have trended very positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Ameriprise Financial earned a daily sentiment score of 3.9 on InfoTrie's scale. They also assigned media coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several 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), Affiliated Managers Group (AMG), Apollo Global Management (APO), Morningstar (MORN), Lazard (LAZ), 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 59)
- Mr. Walter S. Berman, Exec. VP & CFO (Age 75)
- Mr. Colin Moore AIIMR, Exec. VP & Global Chief Investment Officer (Age 60)
- Mr. William Frederick Truscott, Chief Exec. Officer of Global Asset Management (Age 58)
- Mr. Joseph Edward Sweeney, Pres of Advice & Wealth Management - Products & Service Delivery (Age 57)
Who are Ameriprise Financial's major shareholders?
Ameriprise Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.96%), BlackRock Inc. (7.50%), Bank of New York Mellon Corp (2.47%), LSV Asset Management (2.18%), JPMorgan Chase & Co. (1.85%) and Lyrical Asset Management LP (1.74%). 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 AQR Capital Management LLC, Deutsche Bank AG, BlackRock Inc., Janus Henderson Group PLC, Mitsubishi UFJ Trust & Banking Corp, Schroder Investment Management Group, Vanguard Group Inc. and Morgan Stanley. Company insiders that have sold Ameriprise Financial company stock in the last year include David Kent Stewart, 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 acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, JPMorgan Chase & Co., Rehmann Capital Advisory Group, Man Group plc, American Century Companies Inc., Lyrical Asset Management LP, Beutel Goodman & Co Ltd. and Eagle 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 $112.46.
How big of a company is Ameriprise Financial?
Ameriprise Financial has a market capitalization of $16.14 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.
