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NYSE:AMP

Ameriprise Financial Stock Forecast, Price & News

$190.25
+5.01 (+2.70 %)
(As of 12/1/2020 04:15 PM ET)
Add
Compare
Today's Range
$187.93
Now: $190.25
$190.79
50-Day Range
$158.25
MA: $174.79
$192.67
52-Week Range
$80.01
Now: $190.25
$193.19
Volume773,696 shs
Average Volume876,556 shs
Market Capitalization$22.45 billion
P/E Ratio13.63
Dividend Yield2.25%
Beta1.78
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 five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. 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, advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third party financial institutions and institutional sales force. Its 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 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 variable and fixed annuity products to address the protection and risk management needs of retail clients, including life and disability income insurance. The Corporate & Other segment consist of long term care business, net investment income or loss on corporate level assets. 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.
Ameriprise Financial logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.80 out of 5 stars


Industry, Sector and Symbol

Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP03076C10
Phone612-671-8001
Employees12,500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.97 billion
Cash Flow$18.14 per share
Book Value$51.42 per share

Profitability

Net Income$1.89 billion

Miscellaneous

Market Cap$22.45 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$190.25
+5.01 (+2.70 %)
(As of 12/1/2020 04:15 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ameriprise Financial (NYSE:AMP) Frequently Asked Questions

How has Ameriprise Financial's stock been impacted by COVID-19?

Ameriprise Financial's stock was trading at $110.78 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, AMP stock has increased by 72.0% and is now trading at $190.51.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Ameriprise Financial?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Ameriprise Financial
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Ameriprise Financial?

Wall Street analysts have given Ameriprise Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ameriprise Financial wasn't one of them. MarketBeat thinks these five stocks 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, February 3rd 2021.
View our earnings forecast for Ameriprise Financial
.

How were Ameriprise Financial's earnings last quarter?

Ameriprise Financial, Inc. (NYSE:AMP) announced its quarterly earnings results on Monday, November, 2nd. The financial services provider reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.10. The financial services provider had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.99 billion. Ameriprise Financial had a net margin of 15.16% and a return on equity of 33.79%.
View Ameriprise Financial's earnings history
.

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

Ameriprise Financial announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 9th will be paid a dividend of $1.04 per share on Friday, November 20th. This represents a $4.16 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 6th.
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 program on Tuesday, September 29th 2020, which allows the company to repurchase $2,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its stock is undervalued.

What price target have analysts set for AMP?

11 analysts have issued 12 month price objectives for Ameriprise Financial's shares. Their forecasts range from $140.00 to $227.00. On average, they anticipate Ameriprise Financial's stock price to reach $185.73 in the next year. This suggests that the stock has a possible downside of 2.5%.
View analysts' price targets for Ameriprise Financial
.

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).

Who are Ameriprise Financial's key executives?

Ameriprise Financial's management team includes the following people:
  • Mr. James M. Cracchiolo, Chairman & CEO (Age 61, Pay $7.41M)
  • Mr. Walter S. Berman, Exec. VP & CFO (Age 77, Pay $3.49M)
  • Mr. Colin Moore AIIMR, Exec. VP & Global Chief Investment Officer (Age 62, Pay $2.3M)
  • Mr. William Frederick Truscott, Chief Exec. Officer of Global Asset Management (Age 60, Pay $2.89M)
  • Mr. Joseph Edward Sweeney, Pres of Advice & Wealth Management - Products and Service Delivery (Age 59, Pay $1.96M)
  • Mr. Charles Neal Maglaque, Pres of Advice, Wealth Management & Bus. Devel. and COO (Age 63)
  • Mr. John R. Hutt, Sr. VP of Corp. Fin., Controller & Principal Accounting Officer (Age 45)
  • Mr. Gerard P. Smyth, Exec. VP & Chief Information Officer
  • Ms. Alicia A. Charity, Sr. VP of Investor Relations
  • Ms. Karen Wilson Thissen, Exec. VP & Gen. Counsel (Age 53)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.47%), State Street Corp (4.53%), JPMorgan Chase & Co. (3.79%), LSV Asset Management (2.21%), UBS Asset Management Americas Inc. (1.72%) and Boston Partners (1.63%). Company insiders that own Ameriprise Financial stock include Colin Moore, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Randy Kupper and Walter Stanley Berman.
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 Asset Management Americas Inc., Allianz Asset Management GmbH, AQR Capital Management LLC, State Street Corp, LSV Asset Management, Wells Fargo & Company MN, Nuveen Asset Management LLC, and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Ameriprise Financial company stock in the last year include John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Randy Kupper, and Walter Stanley Berman.
View insider buying and selling activity 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 Great West Life Assurance Co. Can, JPMorgan Chase & Co., Payden & Rygel, Morgan Stanley, Robeco Institutional Asset Management B.V., ExodusPoint Capital Management LP, AJO LP, and Mangrove Partners.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Ameriprise Financial's stock price today?

One share of AMP stock can currently be purchased for approximately $190.51.

How big of a company is Ameriprise Financial?

Ameriprise Financial has a market capitalization of $22.48 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. Ameriprise Financial employs 12,500 workers across the globe.

What is Ameriprise Financial's official website?

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

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 12/1/2020 by MarketBeat.com Staff

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