Ameriprise Financial
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 discontinuing the sale of proprietary fixed annuities in 2020.
Employees: 13,800
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more funds holding in top 10
Funds holding in top 10: 15 [Q2] → 18 (+3) [Q3]
9% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 98
3% more capital invested
Capital invested by funds: $36.9B [Q2] → $38.1B (+$1.21B) [Q3]
1% more funds holding
Funds holding: 1,226 [Q2] → 1,235 (+9) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 417 | Existing positions reduced: 455
4.25% less ownership
Funds ownership: 86.88% [Q2] → 82.63% (-4.25%) [Q3]
27% less call options, than puts
Call options by funds: $89.9M | Put options by funds: $122M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$502
6%
downside
Avg. target
$529
1%
downside
High target
$555
4%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Ryan Krueger 80% 1-year accuracy 12 / 15 met price target | 4%downside $510 | Market Perform Maintained | 29 Oct 2024 |
RBC Capital Kenneth Lee 69% 1-year accuracy 45 / 65 met price target | 3%upside $550 | Outperform Maintained | 25 Oct 2024 |
Morgan Stanley Michael Cyprys 65% 1-year accuracy 22 / 34 met price target | 6%downside $502 | Equal-Weight Maintained | 17 Oct 2024 |
UBS Brennan Hawken 74% 1-year accuracy 29 / 39 met price target | 4%upside $555 | Buy Maintained | 8 Oct 2024 |
Financial journalist opinion
Based on 5 articles about AMP published over the past 30 days
Neutral
Business Wire
1 week ago
Ameriprise Financial Names Brian Mora Senior Vice President of Experienced Advisor Recruiting
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced that Brian Mora has been named Senior Vice President of Experienced Advisor Recruiting. Mora has more than 20 years with Ameriprise, most recently as regional vice president in the central region of the firm's branch channel. In his new role, he will lead a nationwide team of recruiters and field leaders responsible for bringing quality experienced advisors from across the industry to Ameriprise. Mora will repo.
Neutral
Business Wire
2 weeks ago
Ameriprise Financial Earns Two J.D. Power Certifications for Outstanding Client and Advisor Service
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) has received two J.D. Power certifications for delivering exceptional customer phone service to its clients and financial advisors. For the first time, the firm earned the “Outstanding Customer Service Experience” certification for the high level of service provided to clients. And, for the sixth consecutive year, the firm received the “Outstanding Customer Service Experience” certification for service provided to its advisors.
Neutral
Business Wire
2 weeks ago
Ameriprise Team Attracts 40-Year Industry Veteran with Nearly $100 Million in Assets
MINNEAPOLIS--(BUSINESS WIRE)--Financial advisor Gary Presslaff, a 40-year veteran in the financial services industry, recently joined an established independent Ameriprise Financial, Inc. (NYSE: AMP) practice, Monumental Financial Planning, in Washington D.C. Presslaff manages nearly $100 million in client assets and was most recently affiliated with LPL Financial. John Cortale, Ameriprise Private Wealth Advisor and Managing Director of Monumental Financial Planning, joined Ameriprise in May 20.
Positive
Zacks Investment Research
4 weeks ago
Why Is Ameriprise (AMP) Up 13.1% Since Last Earnings Report?
Ameriprise (AMP) reported earnings 30 days ago. What's next for the stock?
Neutral
Business Wire
4 weeks ago
Growth Resources Draw Advisor with $110 Million to Ameriprise Financial from LPL
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced that financial advisor Steve Salmon, MBA, recently joined the firm's independent channel from LPL Financial with $110 million in assets. His office is located in Edina, Minnesota. Salmon was attracted to Ameriprise's end-to-end support that helps advisors to deliver an outstanding client experience and grow their practice. “As a solo advisor, I wanted to partner with a firm that continually invests in resources.
Neutral
Business Wire
1 month ago
Ameriprise Financial and Feeding America® Join Forces to Help Provide Meals This Holiday Season
MINNEAPOLIS--(BUSINESS WIRE)--For the 15th consecutive year, Ameriprise Financial is partnering with Feeding America®, the nation's leading domestic hunger-relief organization, to help provide meals for families and individuals ahead of the holiday season. On Nov. 14, more than 3,100 of the firm's employees, advisors and clients will volunteer at Feeding America-partner food banks and other hunger-relief nonprofits across the country to serve meals, sort bulk food donations, stock shelves and h.
Neutral
Business Wire
1 month ago
Sophisticated Resources to Support High-Net-Worth Clients Draws Advisor with $100 Million to Ameriprise Team
MINNEAPOLIS--(BUSINESS WIRE)--Q5 Wealth Management, a team of five financial advisors managing $1.5 billion in client assets in Houston and Beaumont, Texas, recently expanded with the addition of financial advisor Scott Guptill, CFA. Q5 joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) in August 2024 after a successful transition from UBS Financial Services, Inc. with a desire to significantly grow their practice by leveraging the sophisticated resources at Ameriprise. Le.
Neutral
Business Wire
1 month ago
Ameriprise Financial Named a Military Friendly® Employer for the Eleventh Consecutive Year
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced it was named a 2025 Military Friendly® Employer by VIQTORY, an organization that connects the military community to civilian employment and educational opportunities. This is the eleventh consecutive year Ameriprise has earned the distinction in recognition of its commitment and work to creating an inclusive and supportive work environment for military community members. “We are honored to be recognized as a Mi.
Neutral
Business Wire
1 month ago
Ameriprise Financial Earns Five Awards for Excellence in Learning and Development from Brandon Hall Group
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) today announced the firm won five awards for excellence in learning and development from research and analyst firm Brandon Hall Group. Ameriprise received four gold and one bronze award in the category of Human Capital Management Excellence. Brandon Hall issues the awards in recognition of firms that have implemented innovative and effective training and development programs. Entries for the awards are evaluated and ranked by.
Neutral
Business Wire
1 month ago
Advisor Team with $250+ Million Joins Ameriprise Financial from LPL to Elevate Client Experience
MINNEAPOLIS--(BUSINESS WIRE)--Financial advisors Kelly France, CFP®, AWMA℠ and Dan Lotts recently joined a well-established independent Ameriprise Financial, Inc. (NYSE: AMP) practice, River Prairie Wealth Partners. The team is based in Altoona, Wisconsin and is led by Ameriprise Private Wealth Advisor Adam Mohr, CRPC™, APMA™. Together, France and Lotts have more than 30 years of experience in the industry, most recently with LPL Financial, and they join the firm with more than $250 million in.
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