Skip to Content

Ameriprise Financial Inc AMP Stock Quote

| Rating as of

Morningstar‘s Stock Analysis AMP

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Increasing Our Fair Value Estimate for Ameriprise to $338, as Operating Margin Profile Has Improved

Michael Wong, CFA, CPA Sector Director

Business Strategy and Outlook

| Michael Wong, CFA, CPA |

Ameriprise Financial has transformed itself into a financial powerhouse, with $1.4 trillion in total assets under management and advisement and around 10,000 financial advisors at the end of 2021. The firm continues to shift away from insurance and to place more emphasis on asset and wealth management operations. In 2019, the company closed the sale of its auto and home insurance business, and in 2020 it discontinued the sale of its proprietary fixed annuities. Columbia Threadneedle Investments, the firm's global asset-management business, turned Ameriprise into a contender in the global asset management industry. Recently about 80% of revenue comes from the company's wealth and asset management segments that should help the company generate operating margins consistently in the low- to mid-20s compared with midteens to low-20s historically.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics AMP

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 $1.4 trillion in total assets under management and advisement at the end of 2021. 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
T +1 612 671-3131
Industry Asset Management
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 12,000

Related News AMP