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Morningstar

Ameriprise Financial Inc AMP Stock Quote

Morningstar Rating
| Rating as of

NYSE: AMP

Last close prices updated as of Feb 07, 2023, 4:04 PM | USD | BATS BZX Real-Time Price
  • Last Close 351.03
  • Sector Financial Services
  • Industry Asset Management
  • Investment Style Mid Blend
  • Day Range 346.45  –  354.32
  • Year Range 219.99  –  356.77
  • Market Cap 37.2056 Bil
  • Volume / Avg 504,462.0 /  550,504.9
  • Price / Sales 2.80
  • Price / Book 10.23
  • Forward Div Yield 1.42%
  • Trailing Div Yield 1.73%

Morningstar‘s Stock Analysis AMP

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Net Investment Income and Client Cash Revenue Buoy Ameriprise's Results; Shares Fairly Valued

Michael Wong Sector Director

Analyst Note

| Michael Wong |

Ameriprise reported net income of $494 million, or $4.43 per diluted share, on $3.6 billion of net revenue for the fourth quarter. On a company-provided adjusted operating basis that excludes the effect of changes in interest rates on some of its products, Ameriprise reported pro forma operating earnings per share of $6.94, up 13% from the previous year. Adjusted operating return on equity excluding accumulated other comprehensive income was a strong 48.1% in the quarter. We don’t anticipate making a material change to our $333 fair value estimate for narrow-moat-rated Ameriprise. We assess the shares as fairly valued.

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Key Statistics AMP

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Company Profile AMP

Business Description

Spun off from American Express in 2005, Ameriprise Financial has emerged as a major player in the U.S. market for asset and wealth management, with around $1.2 trillion in total assets under management and advisement at the end of the second quarter of 2022. Ameriprise has one of the largest branded advisor networks in the industry, and 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 its proprietary fixed annuities in 2020. Around 90% of the company's pretax earnings are from the United States.

Contact
1099 Ameriprise Financial Center
Minneapolis, MN, 55474
Sector Financial Services
Industry Asset Management
Employees 12,000

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FAQs for Ameriprise Financial Inc Stock

Yes. AMP has a forward dividend yield of 1.42%. See AMP’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

AMP’s market cap is 37.21 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

AMP’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

AMP’s price/sales is 2.80.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

AMP’s price/forward earnings is 11.64.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

AMP’s price/book is 10.23.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See AMP’s valuation ratios compared to the Market Index.

AMP’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare AMP’s historical performance against its industry peers and the overall market.