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 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
35% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 80
20% more funds holding in top 10
Funds holding in top 10: 15 [Q2] → 18 (+3) [Q3]
4% more capital invested
Capital invested by funds: $38.5B [Q2] → $40.1B (+$1.54B) [Q3]
1% more funds holding
Funds holding: 1,226 [Q2] → 1,236 (+10) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 417 | Existing positions reduced: 455
3.84% less ownership
Funds ownership: 90.84% [Q2] → 87.0% (-3.84%) [Q3]
27% less call options, than puts
Call options by funds: $89.9M | Put options by funds: $122M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$550
0%
upside
Avg. target
$555
1%
upside
High target
$560
1%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Keefe, Bruyette & Woods Ryan Krueger 94% 1-year accuracy 16 / 17 met price target | 1%upside $560 | Market Perform Maintained | 10 Jan 2025 |
RBC Capital Kenneth Lee 73% 1-year accuracy 44 / 60 met price target | 0%downside $550 | Outperform Maintained | 25 Oct 2024 |
Financial journalist opinion
Based on 6 articles about AMP published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Are Investors Undervaluing Ameriprise Financial (AMP) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Zacks Investment Research
5 days ago
Ameriprise Financial Services (AMP) Earnings Expected to Grow: Should You Buy?
Ameriprise (AMP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
5 days ago
Ameriprise Financial Announces Schedule for Fourth Quarter 2024 Investor Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) plans to announce its fourth quarter 2024 financial results on Wednesday, January 29, 2025 after the close of the New York Stock Exchange. The company will host a conference call to discuss the results on Thursday, January 30, 2025 at 9:00 a.m. (ET). Live audio of the conference call, presentation slides and an audio replay will be available on the Ameriprise Financial Investor Relations website at ir.ameriprise.com. At Amerip.
Positive
Zacks Investment Research
6 days ago
AMP or ARES: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Financial - Investment Management sector have probably already heard of Ameriprise Financial Services (AMP) and Ares Management (ARES). But which of these two stocks presents investors with the better value opportunity right now?
Neutral
Business Wire
1 week ago
Ameriprise Financial Recognized by Forbes as One of “America's Best Companies” for 2025
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP) has been named by Forbes as one of “America's Best Companies” for 2025. This list ranks the top 300 U.S. public companies that score highest on a comprehensive list of metrics including customer and employee satisfaction, financial strength, workplace stability, positive media coverage and public trust. “It's an honor to be named one of America's best companies by Forbes,” said Kelli Hunter Petruzillo, Executive Vice President.
Neutral
Business Wire
2 weeks ago
25-Year Industry Veteran Brings $140 Million in Assets to Ameriprise Financial
MINNEAPOLIS--(BUSINESS WIRE)--Financial advisor Ben Fogarty, MBA, recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from LPL Financial with nearly $140 million in assets. The 25-year industry veteran, based in Omaha, Nebraska, cited the firm's robust technology platform, seamless online client experience, and its supportive, client-focused culture as key reasons for his move. “The technology, products and resources at Ameriprise will allow me to deliver even greater v.
Neutral
Business Wire
1 month 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
1 month 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
1 month 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
1 month 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?
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