- Previous Close
439.82 - Open
441.85 - Bid 421.00 x 900
- Ask 711.84 x 1100
- Day's Range
440.62 - 449.51 - 52 Week Range
306.63 - 449.51 - Volume
347,081 - Avg. Volume
460,966 - Market Cap (intraday)
44.326B - Beta (5Y Monthly) 1.37
- PE Ratio (TTM)
15.20 - EPS (TTM)
29.36 - Earnings Date Jul 24, 2024
- Forward Dividend & Yield 5.92 (1.33%)
- Ex-Dividend Date May 3, 2024
- 1y Target Est
469.89
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.
www.ameriprise.com13,800
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
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Statistics: AMP
View MoreValuation Measures
Market Cap
44.33B
Enterprise Value
42.84B
Trailing P/E
15.19
Forward P/E
13.12
PEG Ratio (5yr expected)
1.15
Price/Sales (ttm)
2.98
Price/Book (mrq)
9.09
Enterprise Value/Revenue
2.69
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
18.88%
Return on Assets (ttm)
2.12%
Return on Equity (ttm)
69.36%
Revenue (ttm)
16.58B
Net Income Avi to Common (ttm)
3.13B
Diluted EPS (ttm)
29.36
Balance Sheet and Cash Flow
Total Cash (mrq)
7.26B
Total Debt/Equity (mrq)
80.88%
Levered Free Cash Flow (ttm)
3.49B
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View MoreArgus Quick Note: Weekly Stock List for 06/03/2024: Financial Sector Stocks
Our rating on the Financial sector is Over-Weight. The Fed's rate-hike campaign is expanding net interest margins for banks. We also look for recovery in fee-based businesses, bond issuance, and M&A as the rate cycle winds down. Still, with inflation running hot, companies may cut back on hiring and investments, and thus on business loans. As of the end of April, the sector accounted for 13% of the S&P 500. The sector was outperforming the market with a gain of 12.0%. It underperformed the market in 2023, with a gain of 7% compared to a gain of 24% for the S&P 500. The sector includes money center banks, regional banks, investment banks and brokerages, exchanges, insurers, and financial data companies. Here are the Financial companies that either are on our Focus List or are used in our model portfolios.
Raising target on leading asset manager
Based in Minneapolis, Ameriprise Financial, through its subsidiaries, provides financial products and services to individual and institutional clients in the U.S. and internationally. It has four business segments: Advice & Wealth Management, Asset Management, Retirement & Protection, and Corporate & Other.
RatingPrice TargetMonday Tee Up: A Breather
Monday Tee Up: A Breather
Ameriprise Earnings: Client Cash Outflows Restarted but Manageable
Ameriprise Financial is a major player in the US market for asset and wealth management, with around $1.4 trillion in total assets under management and administration at the end of 2023. With about 10,000 advisors, Ameriprise has one of the largest branded advisor networks in the industry. About 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and the exit of the sale of its proprietary fixed annuities in 2020.
RatingPrice Target