Ameriprise Financial - AMP Stock Forecast, Price & News

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.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMP shares. Piper Sandler decreased their price objective on Ameriprise Financial from $231.00 to $220.00 and set an "underweight" rating for the company in a research report on Friday, July 15th. Evercore ISI decreased their price objective on Ameriprise Financial from $364.00 to $320.00 and set an "outperform" rating for the company in a research report on Wednesday, July 6th. Morgan Stanley raised their price objective on Ameriprise Financial from $255.00 to $270.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 27th. The Goldman Sachs Group lowered Ameriprise Financial from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $325.00 to $270.00 in a research report on Friday, June 24th. Finally, UBS Group decreased their price objective on Ameriprise Financial from $360.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Ameriprise Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $311.78.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $269.06 on Friday. Ameriprise Financial has a 1-year low of $219.99 and a 1-year high of $332.37. The firm has a market capitalization of $29.10 billion, a PE ratio of 9.69 and a beta of 1.50. The business's 50 day moving average is $249.43 and its 200-day moving average is $274.94. The company has a current ratio of 0.90, a quick ratio of 0.94 and a debt-to-equity ratio of 1.14.

Ameriprise Financial (NYSE:AMP - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $5.81 earnings per share for the quarter, missing the consensus estimate of $5.82 by ($0.01). Ameriprise Financial had a return on equity of 53.86% and a net margin of 23.49%. During the same period last year, the business posted $5.27 EPS. Sell-side analysts predict that Ameriprise Financial will post 24.26 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, August 5th. Ameriprise Financial's payout ratio is presently 18.01%.