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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
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QQQ   409.52
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NYSE:AMP

Ameriprise Financial (AMP) Stock Price, News & Analysis

$379.83
-1.32 (-0.35%)
(As of 12/29/2023 ET)
Today's Range
$379.52
$382.74
50-Day Range
$307.14
$381.62
52-Week Range
$275.09
$383.78
Volume
316,876 shs
Average Volume
493,255 shs
Market Capitalization
$38.44 billion
P/E Ratio
15.46
Dividend Yield
1.42%
Price Target
$388.50

Ameriprise Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
2.3% Upside
$388.50 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
1.05mentions of Ameriprise Financial in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$6.02 M Sold Last Quarter
Proj. Earnings Growth
13.51%
From $29.38 to $33.35 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.96 out of 5 stars

Finance Sector

23rd out of 867 stocks

Investment Advice Industry

3rd out of 48 stocks


AMP stock logo

About Ameriprise Financial Stock (NYSE:AMP)

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 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 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 products also 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 to individual clients, as well as life and DI 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. The company was founded in 1894 and is headquartered in Minneapolis, Minnesota.

AMP Stock Price History

AMP Stock News Headlines

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Ameriprise Financial Inc's Dividend Analysis
Q3 2023 Ameriprise Financial Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
10/25/2023
Ex-Dividend for 11/17 Dividend
11/03/2023
Dividend Payable
11/17/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/24/2024

Industry, Sector and Symbol

Industry
Investment advice
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
CUSIP
03076C10
Employees
13,500
Year Founded
1894

Price Target and Rating

Average Stock Price Target
$388.50
High Stock Price Target
$410.00
Low Stock Price Target
$370.00
Potential Upside/Downside
+2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$2.56 billion
Pretax Margin
18.52%

Debt

Sales & Book Value

Annual Sales
$14.29 billion
Cash Flow
$26.49 per share
Book Value
$33.95 per share

Miscellaneous

Free Float
100,457,000
Market Cap
$38.44 billion
Optionable
Optionable
Beta
1.44

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Key Executives















AMP Stock Analysis - Frequently Asked Questions

Should I buy or sell Ameriprise Financial stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ameriprise Financial in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMP shares.
View AMP analyst ratings
or view top-rated stocks.

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

5 Wall Street analysts have issued 12 month price objectives for Ameriprise Financial's shares. Their AMP share price targets range from $370.00 to $410.00. On average, they expect the company's share price to reach $388.50 in the next twelve months. This suggests a possible upside of 2.3% from the stock's current price.
View analysts price targets for AMP
or view top-rated stocks among Wall Street analysts.

How have AMP shares performed in 2023?

Ameriprise Financial's stock was trading at $311.37 at the beginning of the year. Since then, AMP shares have increased by 22.0% and is now trading at $379.83.
View the best growth stocks for 2023 here
.

Are investors shorting Ameriprise Financial?

Ameriprise Financial saw a decrease in short interest in December. As of December 15th, there was short interest totaling 980,300 shares, a decrease of 5.7% from the November 30th total of 1,040,000 shares. Based on an average trading volume of 504,700 shares, the short-interest ratio is presently 1.9 days. Approximately 1.0% of the company's stock are short sold.
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 Wednesday, January 24th 2024.
View our AMP earnings forecast
.

How were Ameriprise Financial's earnings last quarter?

Ameriprise Financial, Inc. (NYSE:AMP) issued its earnings results on Wednesday, October, 25th. The financial services provider reported $7.68 EPS for the quarter, beating the consensus estimate of $7.58 by $0.10. The financial services provider earned $3.91 billion during the quarter, compared to analysts' expectations of $3.96 billion. Ameriprise Financial had a net margin of 17.63% and a trailing twelve-month return on equity of 81.75%.

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

Ameriprise Financial announced a quarterly dividend on Wednesday, October 25th. Stockholders of record on Monday, November 6th will be given a dividend of $1.35 per share on Friday, November 17th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, November 3rd.
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 1.42%. 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 21.98%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMP will have a dividend payout ratio of 16.19% 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 buyback program on Wednesday, July 26th 2023, which permits the company to buyback $3,500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership 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).

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 12/31/2023 by MarketBeat.com Staff

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