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
SymbolNYSE:AMP
CUSIP03076C10
Phone612-671-8001
Debt
Debt-to-Equity Ratio0.76
Current Ratio0.69
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio11.37
Forward P/E Ratio9.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$12.03 billion
Price / Sales1.65
Cash Flow$14.8215 per share
Price / Cash9.41
Book Value$40.55 per share
Price / Book3.44
Profitability
EPS (Most Recent Fiscal Year)$12.27
Net Income$1.48 billion
Net Margins13.91%
Return on Equity36.15%
Return on Assets1.48%
Miscellaneous
Employees13,000
Outstanding Shares141,860,000
Market Cap$19.45 billion
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 declared a quarterly dividend on Tuesday, July 24th. Shareholders of record on Monday, August 6th will be given a dividend of $0.90 per share on Friday, August 17th. This represents a $3.60 annualized dividend and a yield of 2.58%. The ex-dividend date is Friday, August 3rd. View Ameriprise Financial's Dividend History.
How will Ameriprise Financial's stock buyback program work?
Ameriprise Financial declared that its Board of Directors has authorized a share repurchase program on Sunday, June 4th 2017, which permits the company to buyback $2,500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 12.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.
How were Ameriprise Financial's earnings last quarter?
Ameriprise Financial, Inc. (NYSE:AMP) released its quarterly earnings results on Tuesday, July, 24th. The financial services provider reported $3.60 EPS for the quarter, beating the consensus estimate of $3.51 by $0.09. The financial services provider earned $3.15 billion during the quarter, compared to analysts' expectations of $3.12 billion. Ameriprise Financial had a return on equity of 36.15% and a net margin of 13.91%. The firm's revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $2.80 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 brokerages have issued twelve-month target prices for Ameriprise Financial's shares. Their forecasts range from $145.00 to $217.00. On average, they expect Ameriprise Financial's share price to reach $166.00 in the next twelve months. This suggests a possible upside of 19.0% 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.
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 Class A (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Apollo Global Management LLC Class A (APO), Lazard (LAZ), Oaktree Capital Group (OAK), Eaton Vance (EV), Morningstar (MORN), Janus Henderson Group (JHG), Evercore (EVR), MAN Grp PLC/ADR (MNGPY) and Moelis & Co (MC).
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)
Has Ameriprise Financial been receiving favorable news coverage?
Media stories about AMP stock have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ameriprise Financial earned a media and rumor sentiment score of 0.12 on Accern's scale. They also assigned headlines about the financial services provider an impact score of 45.69 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Ameriprise Financial.
Who are Ameriprise Financial's major shareholders?
Ameriprise Financial's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.64%), Bank of New York Mellon Corp (2.14%), LSV Asset Management (2.11%), FMR LLC (1.47%), American Century Companies Inc. (1.24%) and Wells Fargo & Company MN (1.14%). Company insiders that own Ameriprise Financial stock include Charles Neal Maglaque, Colin Moore, David Kent Stewart, Deirdre Davey Mcgraw, James M Cracchiolo, John Carl Junek, 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 institutional investors are selling Ameriprise Financial stock?
AMP stock was sold by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, Morgan Stanley, Victory Capital Management Inc., Dividend Assets Capital LLC, Canada Pension Plan Investment Board, Bank of Montreal Can, Boston Advisors LLC and First Trust Advisors LP. Company insiders that have sold Ameriprise Financial company stock in the last year include Charles Neal Maglaque, Colin Moore, David Kent Stewart, Deirdre Davey Mcgraw, James M Cracchiolo, John Robert Woerner, Joseph Edward Sweeney, Randy Kupper and William F Truscott. View Insider Buying and Selling for Ameriprise Financial.
Which institutional investors are buying Ameriprise Financial stock?
AMP stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, BlackRock Inc., Bank of New York Mellon Corp, American Century Companies Inc., Natixis, Algebris UK Ltd, Schroder Investment Management Group and Beutel Goodman & Co Ltd.. 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 $139.47.
How big of a company is Ameriprise Financial?
Ameriprise Financial has a market capitalization of $19.45 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.
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]
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.
