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NYSE:AMP

Ameriprise Financial Stock Forecast, Price & News

$258.34
+4.42 (+1.74 %)
(As of 05/14/2021 12:00 AM ET)
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Today's Range
$252.99
$260.22
50-Day Range
$227.69
$265.65
52-Week Range
$119.40
$269.29
Volume506,826 shs
Average Volume697,101 shs
Market Capitalization$29.94 billion
P/E Ratio18.51
Dividend Yield1.78%
Beta1.74
30 days | 90 days | 365 days | Advanced Chart
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Ameriprise Financial logo

About Ameriprise Financial

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 four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. 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 products also 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 and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products to individual clients, as well as life and DI insurance products to retail clients. 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.

Headlines

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Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP03076C10
Phone612-671-8001
Employees12,300
Year Founded1894

Sales & Book Value

Annual Sales$12.97 billion
Cash Flow$22.48 per share
Book Value$43.78 per share

Profitability

Net Income$1.89 billion

Debt

Price-To-Earnings

Miscellaneous

Market Cap$29.94 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

2.60 out of 5 stars

Finance Sector

9th out of 1,946 stocks

Investment Advice Industry

1st out of 64 stocks

Analyst Opinion: 1.4Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
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Ameriprise Financial (NYSE:AMP) Frequently Asked Questions

Is Ameriprise Financial a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ameriprise Financial stock.
View analyst ratings for Ameriprise Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Ameriprise Financial?

Wall Street analysts have given Ameriprise Financial a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ameriprise Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Ameriprise Financial's next earnings date?

Ameriprise Financial is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Ameriprise Financial
.

How were Ameriprise Financial's earnings last quarter?

Ameriprise Financial, Inc. (NYSE:AMP) released its quarterly earnings data on Sunday, April, 25th. The financial services provider reported $5.43 earnings per share for the quarter, beating the consensus estimate of $4.73 by $0.70. The financial services provider earned $3.35 billion during the quarter, compared to analyst estimates of $3.23 billion. Ameriprise Financial had a net margin of 15.16% and a trailing twelve-month return on equity of 33.79%. Ameriprise Financial's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.41 earnings per share.
View Ameriprise Financial's earnings history
.

How has Ameriprise Financial's stock price been impacted by COVID-19 (Coronavirus)?

Ameriprise Financial's stock was trading at $110.78 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AMP stock has increased by 133.2% and is now trading at $258.34.
View which stocks have been most impacted by COVID-19
.

How often does Ameriprise Financial pay dividends? What is the dividend yield for Ameriprise Financial?

Ameriprise Financial declared a quarterly dividend on Monday, April 26th. Stockholders of record on Monday, May 10th will be given a dividend of $1.13 per share on Friday, May 21st. This represents a $4.52 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, May 7th. This is an increase from Ameriprise Financial's previous quarterly dividend of $1.04.
View Ameriprise Financial's dividend history
.

Is Ameriprise Financial a good dividend stock?

Ameriprise Financial pays an annual dividend of $4.52 per share and currently has a dividend yield of 1.78%. Ameriprise Financial has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Ameriprise Financial is 28.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ameriprise Financial will have a dividend payout ratio of 23.89% next year. This indicates that Ameriprise Financial will be able to sustain or increase its dividend.
View Ameriprise Financial's dividend history.

How will Ameriprise Financial's stock buyback program work?

Ameriprise Financial announced that its Board of Directors has authorized a share buyback plan on Tuesday, September 29th 2020, which permits the company to repurchase $2,500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 12.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for AMP?

8 analysts have issued 1-year target prices for Ameriprise Financial's shares. Their forecasts range from $168.00 to $295.00. On average, they anticipate Ameriprise Financial's stock price to reach $228.44 in the next twelve months. This suggests that the stock has a possible downside of 11.6%.
View analysts' price targets for Ameriprise Financial
or view top-rated stocks among Wall Street analysts.

Who are Ameriprise Financial's key executives?

Ameriprise Financial's management team includes the following people:
  • Mr. James M. Cracchiolo, Chairman & CEO (Age 62, Pay $7.16M) (LinkedIn Profile)
  • Mr. Walter S. Berman, Exec. VP, CFO & Chief Risk Officer (Age 78, Pay $3.45M)
  • Mr. Colin Moore AIIMR, Exec. VP & Global Chief Investment Officer (Age 63, Pay $2.3M)
  • Mr. William Frederick Truscott, Chief Exec. Officer of Global Asset Management (Age 61, Pay $2.86M)
  • Mr. Joseph Edward Sweeney, Pres of Advice & Wealth Management - Products and Service Delivery (Age 60, Pay $1.91M) (LinkedIn Profile)
  • Mr. Charles Neal Maglaque, Pres of Advice & Wealth Management, Bus. Devel. and COO (Age 64) (LinkedIn Profile)
  • Mr. John R. Hutt, Sr. VP of Corp. Fin., Controller & Principal Accounting Officer (Age 46)
  • Mr. Gerard P. Smyth, Exec. VP & Chief Information Officer (Age 59)
  • Ms. Alicia A. Charity, Sr. VP of Investor Relations
  • Ms. Karen Wilson Thissen, Exec. VP & Gen. Counsel (Age 54) (LinkedIn Profile)

What is Jim Cracchiolo's approval rating as Ameriprise Financial's CEO?

917 employees have rated Ameriprise Financial CEO Jim Cracchiolo on Glassdoor.com. Jim Cracchiolo has an approval rating of 89% among Ameriprise Financial's employees.

Who are some of Ameriprise Financial's key competitors?

What other stocks do shareholders of Ameriprise Financial own?

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), The Home Depot (HD), Verizon Communications (VZ), The Coca-Cola (KO), Lockheed Martin (LMT) and CVS Health (CVS).

What is Ameriprise Financial's stock symbol?

Ameriprise Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMP."

Who are Ameriprise Financial's major shareholders?

Ameriprise Financial's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.68%), JPMorgan Chase & Co. (3.87%), Bank of New York Mellon Corp (2.16%), LSV Asset Management (2.02%), Boston Partners (1.83%) and UBS Asset Management Americas Inc. (1.80%). Company insiders that own Ameriprise Financial stock include Colin Moore, Gerard P Smyth, John R Hutt, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Randy Kupper, Walter Stanley Berman and William F Truscott.
View institutional ownership trends for Ameriprise Financial
.

Which institutional investors are selling Ameriprise Financial stock?

AMP stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Cibc World Markets Corp, Bank of Montreal Can, LSV Asset Management, Ferguson Wellman Capital Management Inc., Northern Trust Corp, Prudential Financial Inc., and O Shaughnessy Asset Management LLC. Company insiders that have sold Ameriprise Financial company stock in the last year include Colin Moore, Gerard P Smyth, John R Hutt, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Walter Stanley Berman, and William F Truscott.
View insider buying and selling activity for Ameriprise Financial
or view top insider-selling stocks.

Which institutional investors are buying Ameriprise Financial stock?

AMP stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, JPMorgan Chase & Co., BlackRock Inc., Boston Partners, Assenagon Asset Management S.A., Barclays PLC, Jupiter Asset Management Ltd., and Citigroup Inc..
View insider buying and selling activity for Ameriprise Financial
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ameriprise Financial's stock price today?

One share of AMP stock can currently be purchased for approximately $258.34.

How much money does Ameriprise Financial make?

Ameriprise Financial has a market capitalization of $29.94 billion and generates $12.97 billion in revenue each year. The financial services provider earns $1.89 billion in net income (profit) each year or $16.10 on an earnings per share basis.

How many employees does Ameriprise Financial have?

Ameriprise Financial employs 12,300 workers across the globe.

When was Ameriprise Financial founded?

Ameriprise Financial was founded in 1894.

What is Ameriprise Financial's official website?

The official website for Ameriprise Financial is www.ameriprise.com.

Where are Ameriprise Financial's headquarters?

Ameriprise Financial is headquartered at 1099 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN, 55474.

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 612-671-8001 or via email at [email protected]


This page was last updated on 5/15/2021 by MarketBeat.com Staff
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