Ameriprise Financial (AMP) Stock Price, News & Analysis

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last year. There are currently 1 sell rating, 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.
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8 Wall Street research analysts have issued twelve-month price objectives for Ameriprise Financial's stock. Their AMP share price targets range from $392.00 to $488.00. On average, they anticipate the company's stock price to reach $441.00 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
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Ameriprise Financial's stock was trading at $379.83 at the beginning of the year. Since then, AMP stock has increased by 8.3% and is now trading at $411.43.
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Ameriprise Financial saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 901,300 shares, a decline of 7.2% from the March 15th total of 970,900 shares. Based on an average daily volume of 477,400 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.9% of the company's shares are short sold.
View Ameriprise Financial's Short Interest.

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

Ameriprise Financial will be holding an earnings conference call on Tuesday, April 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Ameriprise Financial, Inc. (NYSE:AMP) announced its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $7.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.67 by $0.08. The financial services provider had revenue of $3.99 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $6.94 earnings per share.
Read the conference call transcript.

Ameriprise Financial announced a quarterly dividend on Wednesday, January 24th. Stockholders of record on Friday, February 9th will be paid a dividend of $1.35 per share on Tuesday, February 27th. This represents a $5.40 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for AMP.

Ameriprise Financial (NYSE:AMP) pays an annual dividend of $5.40 per share and currently has a dividend yield of 1.31%. 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 14.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMP.

ETFs with the largest weight of Ameriprise Financial (NYSE:AMP) stock in their portfolio include BTD Capital Fund (DIP), Adaptive Core ETF (RULE), BrandywineGLOBALDynamic US Large Cap Value ETF (DVAL), Invesco Focused Discovery Growth ETF (IVDG), Invesco Bloomberg MVP Multi-factor ETF (PWC), Zacks Earnings Consistent Portfolio ETF (ZECP), SPDR S&P Capital Markets ETF (KCE) and Harbor Dividend Growth Leaders ETF (GDIV).

Ameriprise Financial announced that its board has authorized a share buyback plan on Wednesday, July 26th 2023, which allows the company to repurchase $3,500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 9.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

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.

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).

Ameriprise Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include Atwood & Palmer Inc. (0.08%), Massmutual Trust Co. FSB ADV (0.07%), Portman Square Capital LLP (0.00%), Ferguson Wellman Capital Management Inc. (0.06%), Wealth Enhancement Advisory Services LLC (0.02%) and Park Avenue Securities LLC (0.02%). 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.
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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.
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