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Ameriprise Financial Inc AMP

Morningstar Rating
$409.40 −1.22 (0.30%)
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Company Report

Ameriprise: We Are Raising Our Fair Value Estimate to $444 After a Fresh Look

We are raising our fair value estimate for Ameriprise Financial by 17% to $444 from $379. We are also maintaining our narrow economic moat rating, High Uncertainty Rating, and Standard Capital Allocation Rating for the company. At current prices, we view Ameriprise shares as fairly valued to slightly undervalued, with the stock trading roughly 11% below our fair value estimate and in 3-star territory.

Price vs Fair Value

AMP is trading at a 8% discount.
Price
$410.64
Fair Value
$328.00
Uncertainty
High
1-Star Price
$636.80
5-Star Price
$778.80
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Ameriprise is building a well-scaled asset manager with its previous acquisition of Columbia Asset Management doubling the business and BMO’s EMEA business increasing it another 20% and expanding its footprint globally.

Bears

The company’s diversification across wealth management, asset management, and insurance muddies the company’s financials, and investors might discount the company’s valuation because of this.

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News

Trading Information

Previous Close Price
$410.62
Day Range
$409.40411.98
52-Week Range
$275.33413.32
Bid/Ask
$408.46 / $410.40
Market Cap
$41.12 Bil
Volume/Avg
29,503 / 490,222

Key Statistics

Price/Earnings (Normalized)
13.97
Price/Sales
2.85
Dividend Yield (Trailing)
1.32%
Dividend Yield (Forward)
1.32%
Total Yield
6.48%

Company Profile

Ameriprise Financial is a major player in the U.S. 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.
Sector
Financial Services
Industry
Asset Management
Stock Style Box
Mid Core
Total Number of Employees
13,800

Competitors

Valuation

Metric
AMP
RJF
LPLA
Price/Earnings (Normalized)
13.9714.3217.12
Price/Book Value
8.702.359.64
Price/Sales
2.852.222.08
Price/Cash Flow
16.5212.1012.23
Price/Earnings
AMP
RJF
LPLA

Financial Strength

Metric
AMP
RJF
LPLA
Quick Ratio
1.01
Current Ratio
1.71
Interest Coverage
10.988.73
Quick Ratio
AMP
RJF
LPLA

Profitability

Metric
AMP
RJF
LPLA
Return on Assets (Normalized)
1.86%2.31%12.77%
Return on Equity (Normalized)
75.58%18.04%57.46%
Return on Invested Capital (Normalized)
7.53%25.01%
Return on Assets
AMP
RJF
LPLA
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