Ameriprise Financial (AMP) Stock Price, News & Analysis

Company Overview

Ameriprise Financial, Inc., together with 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, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor networks, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. This segment 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 and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income 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.

Key Stats

• Today's Range: $521.05 to $535.56
• 50-Day Range: $503.24 to $574.12
• 52-Week Range: $368.41 to $577.00
• Volume: 1.49 million shs
• Average Volume: 476,439 shs
• Market Capitalization: $51.62 billion
• P/E Ratio: 20.43
• Dividend Yield: 1.11%
• Price Target: $487.67
• Consensus Rating: Hold

Ameriprise Financial Stock Analysis - MarketRank™

Ameriprise Financial scored higher than 97% of companies evaluated by MarketBeat, and ranked 43rd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Ameriprise Financial has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 4 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Ameriprise Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 13.49%

Earnings Growth

Earnings for Ameriprise Financial are expected to grow by 13.49% in the coming year, from $34.25 to $38.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ameriprise Financial is 20.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.43.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ameriprise Financial is 20.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.77.

Price to Earnings Growth Ratio

Ameriprise Financial has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.

Price to Book Value per Share Ratio

Ameriprise Financial has a P/B Ratio of 11.39. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.15% of the float of Ameriprise Financial has been sold short.

Short Interest Ratio / Days to Cover

Ameriprise Financial has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ameriprise Financial has recently decreased by 9.76%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Ameriprise Financial pays a meaningful dividend of 1.13%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ameriprise Financial has been increasing its dividend for 20 years.

Dividend Coverage

The dividend payout ratio of Ameriprise Financial is 22.73%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ameriprise Financial will have a dividend payout ratio of 15.23% next year. This indicates that Ameriprise Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.6 / 5
• Environmental Score: -0.41

Percentage of Shares Shorted

1.15% of the float of Ameriprise Financial has been sold short.

Short Interest Ratio / Days to Cover

Ameriprise Financial has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ameriprise Financial has recently decreased by 9.76%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 1.00

News Sentiment

Ameriprise Financial has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Ameriprise Financial this week, compared to 11 articles on an average week.

Search Interest

Only 9 people have searched for AMP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Ameriprise Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ameriprise Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,983,436.00 in company stock.

Percentage Held by Insiders

Only 0.73% of the stock of Ameriprise Financial is held by insiders.

Percentage Held by Institutions

83.95% of the stock of Ameriprise Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AMP Stock Analysis - Frequently Asked Questions

How have AMP shares performed this year?

Ameriprise Financial's stock was trading at $379.83 at the beginning of the year. Since then, AMP shares have increased by 40.1% and is now trading at $532.12.
View the best growth stocks for 2024 here.

How were Ameriprise Financial's earnings last quarter?

Ameriprise Financial, Inc. (NYSE:AMP) posted its quarterly earnings data on Wednesday, July, 24th. The financial services provider reported $8.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.53 by $0.19. The firm's revenue was up 9.6% compared to the same quarter last year.
Read the conference call transcript.

How will Ameriprise Financial's stock buyback program work?

Ameriprise Financial's Board of Directors authorized a share repurchase plan on Wednesday, July 26th 2023, which allows the company to buy back $3,500,000,000 in shares, according to EventVestor. This means that the company could buy up to 9.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Does Ameriprise Financial have any subsidiaries?

Ameriprise Financial subsidiaries include JHS Capital, Columbia Management, H&R Block, J & W Seligman, Threadneedle Asset Management, Securities America, American Enterprise Investment Services Inc., and more.

Who are Ameriprise Financial's major shareholders?

Ameriprise Financial's top institutional investors include State Street Corp (4.59%), Geode Capital Management LLC (2.69%), UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (1.47%) and FMR LLC (1.06%). Insiders that own company stock include James M Cracchiolo, William Davies, William F Truscott, Robert Francis Sharpe Jr, Walter Stanley Berman, Joseph Edward Sweeney, Gumer Alvero, Gerard P Smyth, Heather J Melloh, Dawn M Brockman, John R Hutt and Karen Wilson Thissen.
View institutional ownership trends.

How do I buy shares of Ameriprise Financial?

Shares of AMP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ameriprise Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ameriprise Financial investors own include NVIDIA (NVDA), Humana (HUM), Meta Platforms (META), Broadcom (AVGO), American Water Works (AWK), Adobe (ADBE) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 11/15 Dividend: 11/04/2024
• Dividend Payable: 11/15/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NYSE:AMP
• CUSIP: 03076C10
• CIK: 820027
• Web: www.ameriprise.com
• Phone: (612) 671-3131
• Fax: 612-671-8880
• Employees: 13,800
• Year Founded: 1894

Price Target and Rating

• Average Stock Price Target: $487.67
• High Stock Price Target: $555.00
• Low Stock Price Target: $387.00
• Potential Upside/Downside: -8.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.30
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $26.05
• Trailing P/E Ratio: 20.43
• Forward P/E Ratio: 15.54
• P/E Growth: 0.96
• Net Income: $2.56 billion
• Net Margins: 15.99%
• Pretax Margin: 20.14%
• Return on Equity: 68.52%
• Return on Assets: 1.93%

Debt

• Debt-to-Equity Ratio: 0.99
• Current Ratio: 0.65
• Quick Ratio: 0.65

Sales & Book Value

• Annual Sales: $16.76 billion
• Price / Sales: 3.08
• Cash Flow: $29.88 per share
• Price / Cash Flow: 17.81
• Book Value: $46.73 per share
• Price / Book: 11.39

Miscellaneous

• Outstanding Shares: 97,015,000
• Free Float: 96,307,000
• Market Cap: $51.62 billion
• Optionable: Optionable
• Beta: 1.34