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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NYSE:AMP

Ameriprise Financial (AMP) Stock Price, News & Analysis

$438.48
+2.50 (+0.57%)
(As of 03/28/2024 ET)
Today's Range
$435.28
$440.60
50-Day Range
$374.88
$435.97
52-Week Range
$279.85
$440.64
Volume
446,250 shs
Average Volume
491,902 shs
Market Capitalization
$43.93 billion
P/E Ratio
18.49
Dividend Yield
1.23%
Price Target
$428.83

Ameriprise Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
2.2% Downside
$428.83 Price Target
Short Interest
Healthy
0.97% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.69mentions of Ameriprise Financial in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$34.84 M Sold Last Quarter
Proj. Earnings Growth
8.04%
From $34.20 to $36.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Finance Sector

18th out of 849 stocks

Investment Advice Industry

1st out of 46 stocks

AMP stock logo

About Ameriprise Financial Stock (NYSE:AMP)

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.

AMP Stock Price History

AMP Stock News Headlines

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Ameriprise Financial (AMP) Earnings Dates & Reports
Week’s Best: LPL Financial Cuts a Big Deal
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/27 Dividend
2/08/2024
Dividend Payable
2/27/2024
Today
3/28/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
CUSIP
03076C10
Employees
13,800
Year Founded
1894

Price Target and Rating

Average Stock Price Target
$428.83
High Stock Price Target
$488.00
Low Stock Price Target
$400.00
Potential Upside/Downside
-2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
20.82%

Debt

Sales & Book Value

Annual Sales
$15.54 billion
Cash Flow
$31.45 per share
Book Value
$46.73 per share

Miscellaneous

Free Float
99,460,000
Market Cap
$43.93 billion
Optionable
Optionable
Beta
1.36

Social Links

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Should I Buy Ameriprise Financial Stock? AMP Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Ameriprise Financial was last updated on Monday, March 25, 2024 at 11:07 PM.

Pros

Here are some ways that investors could benefit from investing in Ameriprise Financial, Inc.:

  • Ameriprise Financial, Inc. has shown consistent growth in its earnings per share, indicating a strong financial performance.
  • The company has a solid track record of increasing dividends, providing investors with a reliable income stream.
  • Ameriprise Financial, Inc. has a diversified business model, offering a range of financial products and services to cater to various client needs.
  • Recent analyst upgrades and target price increases suggest positive sentiment towards the company's stock performance.
  • The current stock price of Ameriprise Financial, Inc. is trading at an attractive valuation compared to its peers in the industry.

Cons

Investors should be bearish about investing in Ameriprise Financial, Inc. for these reasons:

  • Market volatility and economic uncertainties could impact the company's financial performance and stock price.
  • Regulatory changes in the financial services industry may pose challenges to Ameriprise Financial, Inc.'s operations and profitability.
  • Competitive pressures from other financial institutions could affect the company's market share and growth prospects.
  • Fluctuations in interest rates could impact the company's investment returns and profitability.
  • Investors should closely monitor the company's debt levels and leverage ratios for any potential risks to financial stability.

AMP Stock Analysis - Frequently Asked Questions

Should I buy or sell Ameriprise Financial stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AMP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMP, but not buy additional shares or sell existing shares.
View AMP analyst ratings
or view top-rated stocks.

What is Ameriprise Financial's stock price target for 2024?

7 Wall Street research analysts have issued twelve-month target prices for Ameriprise Financial's shares. Their AMP share price targets range from $400.00 to $488.00. On average, they expect the company's share price to reach $428.83 in the next twelve months. This suggests that the stock has a possible downside of 2.2%.
View analysts price targets for AMP
or view top-rated stocks among Wall Street analysts.

How have AMP shares performed in 2024?

Ameriprise Financial's stock was trading at $379.83 at the beginning of the year. Since then, AMP shares have increased by 15.4% and is now trading at $438.48.
View the best growth stocks for 2024 here
.

Are investors shorting Ameriprise Financial?

Ameriprise Financial saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 970,900 shares, an increase of 16.2% from the February 29th total of 835,500 shares. Based on an average trading volume of 473,600 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.0% of the shares of the company are sold short.
View Ameriprise Financial's Short Interest
.

When is Ameriprise Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our AMP earnings forecast
.

How were Ameriprise Financial's earnings last quarter?

Ameriprise Financial, Inc. (NYSE:AMP) released its quarterly earnings results on Thursday, January, 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.67 by $0.08. The financial services provider earned $3.99 billion during the quarter, compared to the consensus estimate of $3.90 billion. Ameriprise Financial had a net margin of 16.27% and a trailing twelve-month return on equity of 77.39%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $6.94 EPS.
Read the conference call transcript
.

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

Ameriprise Financial declared a quarterly dividend on Wednesday, January 24th. Stockholders of record on Friday, February 9th will be given a dividend of $1.35 per share on Tuesday, February 27th. This represents a $5.40 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, February 8th.
Read our dividend analysis for AMP
.

Is Ameriprise Financial a good dividend stock?

Ameriprise Financial (NYSE:AMP) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.25%. The company has been increasing its dividend for 19 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 22.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 14.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMP.

How will Ameriprise Financial's stock buyback program work?

Ameriprise Financial declared that its Board of Directors has approved a stock repurchase program on Wednesday, July 26th 2023, which allows the company to buyback $3,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

What is Jim Cracchiolo's approval rating as Ameriprise Financial's CEO?

917 employees have rated Ameriprise Financial Chief Executive Officer Jim Cracchiolo on Glassdoor.com. Jim Cracchiolo has an approval rating of 89% among the company's employees.

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), Home Depot (HD), Verizon Communications (VZ), Coca-Cola (KO), Lockheed Martin (LMT) and CVS Health (CVS).

Who are Ameriprise Financial's major shareholders?

Ameriprise Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.97%), Viking Global Investors LP (1.89%), Boston Partners (1.59%), Nuveen Asset Management LLC (1.46%), Norges Bank (1.34%) and Northern Trust Corp (1.17%). Insiders that own company stock include Dawn M Brockman, Gerard P Smyth, Gumer Alvero, Heather J Melloh, James M Cracchiolo, John R Hutt, John Robert Woerner, Joseph Edward Sweeney, Karen Wilson Thissen, Robert Francis Sharpe Jr, Walter Stanley Berman and William F Truscott.
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.

Does Ameriprise Financial have any subsidiaries?
The following companies are subsidiares of Ameriprise Financial: AMPF Holding Corporation, American Enterprise Investment Services Inc., Ameriprise Bank FSB, Ameriprise Certificate Company, Ameriprise Financial Services Inc., Columbia Management, Columbia Management Investment Advisers LLC, H&R Block, J & W Seligman, JHS Capital, RiverSource Life Insurance Co. of New York, RiverSource Life Insurance Company, Securities America, and Threadneedle Asset Management.
Read More
This page (NYSE:AMP) was last updated on 3/28/2024 by MarketBeat.com Staff

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