Ameriprise Financial (AMP) Stock Price, News & Analysis

8 Wall Street 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 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 analysts have issued 12 month target prices for Ameriprise Financial's stock. Their AMP share price targets range from $392.00 to $488.00. On average, they expect the company's share price to reach $449.57 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
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Ameriprise Financial's stock was trading at $379.83 at the start of the year. Since then, AMP shares have increased by 8.7% and is now trading at $412.86.
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Ameriprise Financial saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 901,300 shares, a decrease of 7.2% from the March 15th total of 970,900 shares. Based on an average daily volume of 477,400 shares, the short-interest ratio is presently 1.9 days. Approximately 0.9% of the company's shares are sold short.
View Ameriprise Financial's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our AMP earnings forecast.

Ameriprise Financial, Inc. (NYSE:AMP) posted its quarterly earnings results on Wednesday, April, 24th. The financial services provider reported $8.39 EPS for the quarter, beating analysts' consensus estimates of $8.10 by $0.29. The financial services provider earned $4.15 billion during the quarter, compared to analysts' expectations of $4.15 billion. Ameriprise Financial had a trailing twelve-month return on equity of 78.98% and a net margin of 19.42%. The company's revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.25 EPS.
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Ameriprise Financial declared a quarterly dividend on Monday, April 22nd. Shareholders of record on Monday, May 6th will be given a dividend of $1.48 per share on Friday, May 17th. This represents a $5.92 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from the stock's previous quarterly dividend of $1.35.
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 1.28%. 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 18.38%. 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 Adaptive Core ETF (RULE), First Trust Growth Strength ETF (FTGS), Invesco Focused Discovery Growth ETF (IVDG), Invesco Bloomberg MVP Multi-factor ETF (PWC), Zacks Earnings Consistent Portfolio ETF (ZECP), Invesco Bloomberg MVP Multi-factor ETF (BMVP), Harbor Dividend Growth Leaders ETF (GDIV) and SPDR S&P Capital Markets ETF (KCE).

Ameriprise Financial declared that its board has approved a stock buyback program on Wednesday, July 26th 2023, which authorizes the company to repurchase $3,500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 9.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors 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 number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.26%), Raymond James & Associates (0.16%), Atwood & Palmer Inc. (0.08%), Massmutual Trust Co. FSB ADV (0.07%), Portman Square Capital LLP (0.00%) and Ferguson Wellman Capital Management Inc. (0.06%). 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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