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
Industry Investment advice
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:AMP
CUSIP03076C10
Phone612-671-3131
Debt
Debt-to-Equity Ratio0.87
Current Ratio0.67
Quick Ratio0.67
Price-To-Earnings
Trailing P/E Ratio11.93
Forward P/E Ratio10.14
P/E GrowthN/A
Sales & Book Value
Annual Sales$12.03 billion
Price / Sales1.76
Cash Flow$14.5198 per share
Price / Cash10.08
Book Value$40.55 per share
Price / Book3.61
Profitability
EPS (Most Recent Fiscal Year)$12.27
Net Income$1.48 billion
Net Margins13.59%
Return on Equity33.67%
Return on Assets1.41%
Miscellaneous
Employees13,000
Outstanding Shares144,610,000
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 announced a quarterly dividend on Monday, April 23rd. Stockholders of record on Monday, May 7th will be given a dividend of $0.90 per share on Friday, May 18th. This represents a $3.60 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Friday, May 4th. This is a boost from Ameriprise Financial's previous quarterly dividend of $0.83. View Ameriprise Financial's Dividend History.
How will Ameriprise Financial's stock buyback program work?
Ameriprise Financial declared that its board has authorized a stock repurchase plan on Sunday, June 4th 2017, which authorizes the company to buyback $2,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 12.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.
How were Ameriprise Financial's earnings last quarter?
Ameriprise Financial, Inc. (NYSE:AMP) issued its quarterly earnings results on Monday, April, 23rd. The financial services provider reported $3.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $3.46 by $0.24. The financial services provider had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. Ameriprise Financial had a return on equity of 33.67% and a net margin of 13.59%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.52 EPS. View Ameriprise Financial's Earnings History.
When is Ameriprise Financial's next earnings date?
What price target have analysts set for AMP?
9 brokerages have issued 12 month price objectives for Ameriprise Financial's stock. Their forecasts range from $142.00 to $217.00. On average, they anticipate Ameriprise Financial's stock price to reach $166.1250 in the next twelve months. 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. L.P. Unit (KKR), Invesco (IVZ), Affiliated Managers Group (AMG), Lazard (LAZ), Oaktree Capital Group (OAK), Eaton Vance (EV), Janus Henderson Group (JHG), Apollo Global Management LLC Class A (APO), Morningstar (MORN), 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?
Press coverage about AMP stock has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ameriprise Financial earned a news impact score of 0.10 on Accern's scale. They also assigned news headlines about the financial services provider an impact score of 45.93 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Ameriprise Financial's major shareholders?
Ameriprise Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.22%), JPMorgan Chase & Co. (2.94%), LSV Asset Management (2.00%), Aristotle Capital Management LLC (1.87%), Northern Trust Corp (1.36%) and Wells Fargo & Company MN (1.20%). 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, Lon R Greenberg, 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 Wells Fargo & Company MN, Epoch Investment Partners Inc., Victory Capital Management Inc., Lord Abbett & CO. LLC, Principal Financial Group Inc., Principal Financial Group Inc., Federated Investors Inc. PA and FIL Ltd. 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, Karen Wilson Thissen, Kelli A Hunter, 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 Prudential Financial Inc., Millennium Management LLC, Mackay Shields LLC, O Shaughnessy Asset Management LLC, Aristotle Capital Management LLC, LSV Asset Management, Natixis and OppenheimerFunds Inc.. Company insiders that have bought Ameriprise Financial stock in the last two years include James M Cracchiolo, Lon R Greenberg 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 $146.36.
How big of a company is Ameriprise Financial?
Ameriprise Financial has a market capitalization of $21.25 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 612-671-3131 or via email at [email protected]
MarketBeat Community Rating for Ameriprise Financial (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.
