Ameriprise FinancialAMP
Market Cap: $42.2B
About: 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.
Employees: 13,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
207% more call options, than puts
Call options by funds: $98.6M | Put options by funds: $32.1M
14% more repeat investments, than reductions
Existing positions increased: 464 | Existing positions reduced: 408
0% more funds holding in top 10
Funds holding in top 10: 15 [Q1] → 15 (+0) [Q2]
0% less funds holding
Funds holding: 1,211 [Q1] → 1,210 (-1) [Q2]
0.34% less ownership
Funds ownership: 84.39% [Q1] → 84.04% (-0.34%) [Q2]
1% less first-time investments, than exits
New positions opened: 100 | Existing positions closed: 101
4% less capital invested
Capital invested by funds: $37B [Q1] → $35.7B (-$1.37B) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
RBC Capital Kenneth Lee 76% 1-year accuracy 42 / 55 met price target | 16%upside $500 | Outperform Maintained | 30 Jul 2024 |
Keefe, Bruyette & Woods Ryan Krueger 100% 1-year accuracy 13 / 13 met price target | 7%upside $460 | Market Perform Maintained | 30 Jul 2024 |
Morgan Stanley Michael Cyprys 60% 1-year accuracy 18 / 30 met price target | 2%upside $440 | Equal-Weight Maintained | 29 Jul 2024 |
UBS Brennan Hawken 59% 1-year accuracy 19 / 32 met price target | 15%upside $495 | Buy Maintained | 9 Jul 2024 |
Keefe, Bruyette & Woods Ryan Krueger 100% 1-year accuracy 13 / 13 met price target | 9%upside $470 | Market Perform Maintained | 8 Jul 2024 |
Financial journalist opinion
Based on 9 articles about AMP published over the past 30 days