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Ameriprise Financial Inc AMP Stock Quote

Morningstar Rating
| Rating as of

NYSE: AMP

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After hours: 326.95 0.00 | 0.00 %

| Currency in USD

  • Last Close 327.93
  • Sector Financial Services
  • Industry Asset Management
  • Investment Style Mid Blend
  • Day Range 325.06  –  329.40
  • Year Range 249.35  –  358.02
  • Market Cap 33.5536 Bil
  • Volume / Avg 438,026.0 /  411,386.7
  • Price / Sales 2.46
  • Price / Book 8.26
  • Forward Div Yield 1.66%
  • Trailing Div Yield 1.59%

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

When Asset Prices Bottom, So Will Ameriprise Whose Revenue Is Tied With Assets Under Supervision

Michael Wong Sector Director

Business Strategy and Outlook

| Michael Wong |

Ameriprise Financial has transformed itself into an investment management powerhouse, with about $1.2 trillion in total assets under management and advisement and around 10,000 financial advisors at the end of the fourth quarter of 2022. 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.

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Key Statistics AMP

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Company Profile AMP

Business Description

Ameriprise Financial has emerged is 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 fourth 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 13,500

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Related News AMP

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Competitors & Peers AMP

More on AMP’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of AMP’s competitive advantage.

Ameriprise Financial Inc

XNYS: AMP

Morgan Stanley

XNYS: MS

Raymond James Financial Inc

XNYS: RJF

Stifel Financial Corp

XNYS: SF
Price
326.9581.6599.5560.40
Currency
USDUSDUSDUSD
Change
−$0.98 (0.30%) −$0.52 (0.63%) −$0.20 (0.20%) +$0.05 (0.08%)
Market Cap
33.55 Bil135.29 Bil20.79 Bil6.31 Bil
Industry
Asset Management Capital Markets Capital Markets Capital Markets
Sector
Financial Services
Financial Services
Financial Services
Financial Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Ameriprise Financial Inc Stock

Yes. AMP has a forward dividend yield of 1.65%. 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 33.55 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 2.46.
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 15.40.
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 8.26.
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.