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, 2 hold ratings and 8 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 Wall Street research analysts have issued twelve-month 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 share price to reach $316.70 in the next twelve months. This suggests a possible upside of 20.7% 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 stock has decreased by 13.0% and is now trading at $262.41.
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Ameriprise Financial saw a increase in short interest in 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 daily trading volume, of 572,500 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.0% of the shares of the stock are short sold.
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) posted its quarterly earnings data on Tuesday, July, 26th. The financial services provider reported $5.81 EPS 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 analysts' expectations 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 quarter last year, the business earned $5.27 EPS.
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Ameriprise Financial declared a quarterly dividend on Tuesday, July 26th. Investors 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 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date 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 announced that its board has approved 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 buy up to 8.8% of its stock through open market purchases. Stock buyback programs are often 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."

Ameriprise Financial's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wedmont Private Capital (0.00%). 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 $262.41.

Ameriprise Financial (NYSE:AMP) has a market capitalization of $28.38 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.