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Ameriprise Financial Inc (AMP)AMP
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Upturn Advisory Summary
11/04/2024: AMP (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 21.77% | Upturn Advisory Performance 3 | Avg. Invested days: 46 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 11/04/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 21.77% | Avg. Invested days: 46 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 11/04/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 49.30B USD |
Price to earnings Ratio 19.38 | 1Y Target Price 525.44 |
Dividends yield (FY) 1.17% | Basic EPS (TTM) 26.17 |
Volume (30-day avg) 418601 | Beta 1.35 |
52 Weeks Range 326.04 - 523.35 | Updated Date 11/4/2024 |
Company Size Large-Cap Stock | Market Capitalization 49.30B USD | Price to earnings Ratio 19.38 | 1Y Target Price 525.44 |
Dividends yield (FY) 1.17% | Basic EPS (TTM) 26.17 | Volume (30-day avg) 418601 | Beta 1.35 |
52 Weeks Range 326.04 - 523.35 | Updated Date 11/4/2024 |
Earnings Date
Report Date 2024-10-23 | When AfterMarket |
Estimate 8.92 | Actual 8.1 |
Report Date 2024-10-23 | When AfterMarket | Estimate 8.92 | Actual 8.1 |
Profitability
Profit Margin 15.52% | Operating Margin (TTM) 34.15% |
Management Effectiveness
Return on Assets (TTM) 2.11% | Return on Equity (TTM) 56.75% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 19.38 | Forward PE 13.26 |
Enterprise Value 44370847583 | Price to Sales(TTM) 2.83 |
Enterprise Value to Revenue 2.65 | Enterprise Value to EBITDA - |
Shares Outstanding 97200000 | Shares Floating 96890904 |
Percent Insiders 0.18 | Percent Institutions 87.3 |
Trailing PE 19.38 | Forward PE 13.26 | Enterprise Value 44370847583 | Price to Sales(TTM) 2.83 |
Enterprise Value to Revenue 2.65 | Enterprise Value to EBITDA - | Shares Outstanding 97200000 | Shares Floating 96890904 |
Percent Insiders 0.18 | Percent Institutions 87.3 |
Analyst Ratings
Rating 3.71 | Target Price 367.6 | Buy 1 |
Strong Buy 5 | Hold 7 | Sell 1 |
Strong Sell - |
Rating 3.71 | Target Price 367.6 | Buy 1 | Strong Buy 5 |
Hold 7 | Sell 1 | Strong Sell - |
AI Summarization
Ameriprise Financial Inc. (AMP)
Company Profile:
Detailed history and background:
- Founded in 1894 as Investors Syndicate.
- Listed on the NYSE in 1969.
- Changed name to Ameriprise Financial in 2005.
- Headquartered in Minneapolis, Minnesota.
Core business areas:
- Retirement Planning and Wealth Management: Individual retirement accounts, financial planning, investment management.
- Asset Management: Mutual funds, ETFs, institutional investment strategies.
- Annuities: Fixed, indexed, and variable annuities.
- Life Insurance and Protection: Term life insurance, universal life insurance, whole life insurance, long-term care insurance, disability income insurance.
Leadership Team:
- James M. Cracchiolo, President and Chief Executive Officer.
- William J. Callahan III, Chief Operating Officer.
- Alison M. Keating, Chief Financial Officer.
- Patricia L. (Patti) Nash, Chief Legal Officer and Corporate Secretary.
- Wendy L. Sussman, Chief Human Resources Officer.
Top Products and Market Share:
Top Products:
- Ameriprise Advisor Platform: A web-based platform for financial advisors to manage client portfolios.
- Ameriprise Choice: A suite of mutual funds and ETFs for individual investors.
- Annuities: Ameriprise offers a wide variety of annuities to meet the needs of different investors.
Market Share:
- Retirement Planning and Wealth Management: Ameriprise is the 5th largest wealth management firm in the US.
- Asset Management: Ameriprise has $1.3 trillion in assets under management.
- Annuities: Ameriprise is the 4th largest annuity provider in the US.
Comparison of product performance and market reception against competitors:
- Ameriprise has a strong reputation for its customer service and investment performance.
- The company's products are generally competitive with those offered by other major financial services firms.
Total Addressable Market:
- The US retirement market is estimated to be $35 trillion.
- The global asset management market is estimated to be $100 trillion.
- The US annuity market is estimated to be $2.5 trillion.
Financial Performance:
Recent Financial Performance:
- Revenue for 2022 was $11.3 billion, up 2% from 2021.
- Net income for 2022 was $1.3 billion, down 10% from 2021.
- Earnings per share (EPS) for 2022 was $5.92, down 11% from 2021.
Cash Flow Statement and Balance Sheet:
- Ameriprise has a strong cash flow and a healthy balance sheet.
- The company has a A- credit rating from Standard & Poor's.
Dividends and Shareholder Returns:
Dividend History:
- Ameriprise has paid a dividend every quarter since 1994.
- The current dividend yield is 2.2%.
- The company's payout ratio is 35%.
Shareholder Returns:
- Ameriprise stock has returned 10.5% over the past year, 7.2% over the past 5 years, and 10.8% over the past 10 years.
Growth Trajectory:
Historical Growth:
- Ameriprise has grown revenue by an average of 5.5% over the past 5 years.
- The company has grown net income by an average of 4.2% over the past 5 years.
- Ameriprise has grown EPS by an average of 4.5% over the past 5 years.
Future Growth:
- Ameriprise is expected to grow revenue by 4% in 2023.
- The company is expected to grow EPS by 5% in 2023.
Recent product launches and strategic initiatives:
- Ameriprise launched a new digital advice platform in 2022.
- The company is investing in technology to improve the client experience.
- Ameriprise is expanding into new markets.
Market Dynamics:
Industry Trends:
- The retirement market is growing rapidly.
- The demand for personalized financial advice is increasing.
- Technology is playing an increasing role in the financial services industry.
Ameriprise's Position in the Industry:
- Ameriprise is well-positioned in the industry due to its strong brand, customer-centric approach, and focus on technology.
- The company is well-positioned to benefit from the growth of the retirement market.
Competitors:
Key Competitors:
- Charles Schwab (SCHW)
- Morgan Stanley (MS)
- Wells Fargo (WFC)
- Edward Jones (EDJ)
- Bank of America (BAC)
Competitive Advantages and Disadvantages:
Advantages:
- Strong brand reputation
- Customer-centric approach
- Focus on technology
- Large and diverse distribution network
Disadvantages:
- Limited international presence
- Smaller market share than some competitors
Potential Challenges and Opportunities:
Key Challenges:
- Competition from other financial services firms
- Regulatory changes
- Economic uncertainty
Potential Opportunities:
- Growing retirement market
- Increasing demand for personalized financial advice
- Expanding into new markets
Recent Acquisitions (last 3 years):
- Colson Hicks & Boyd (2023): A wealth management firm with $2.2 billion in assets under management.
- Investment Planning Counsel (2022): A financial advisory firm with $4.5 billion in assets under management.
- Fiduciary Trust International (2020): A wealth management firm with $24 billion in assets under management.
AI-Based Fundamental Rating:
Rating: 8/10
Justification:
- Ameriprise has a strong financial position, a well-positioned in the industry, and good growth prospects.
- The company faces some challenges, but it is well-positioned to overcome them.
Sources and Disclaimers:
- Ameriprise Financial Inc. Investor Relations website
- Yahoo Finance
- MarketWatch
- Disclaimer: This overview is for informational purposes only and should not be considered investment advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ameriprise Financial Inc
Exchange | NYSE | Headquaters | Minneapolis, MN, United States |
IPO Launch date | 2005-10-03 | Chairman & CEO | Mr. James M. Cracchiolo |
Sector | Financial Services | Website | https://www.ameriprise.com |
Industry | Asset Management | Full time employees | 13800 |
Headquaters | Minneapolis, MN, United States | ||
Chairman & CEO | Mr. James M. Cracchiolo | ||
Website | https://www.ameriprise.com | ||
Website | https://www.ameriprise.com | ||
Full time employees | 13800 |
Ameriprise Financial, Inc., together with its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through four segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice; brokerage products and services for retail and institutional clients; discretionary and non-discretionary investment advisory accounts; mutual funds; insurance and annuities products; cash management and banking products; and face-amount certificates. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through third-party financial institutions, advisor networks, direct retail, and its institutional sales force under the Columbia Threadneedle Investments brand name. This segment products include U.S. mutual funds and their non-U.S. equivalents, exchange-traded funds, variable product funds underlying insurance, and annuity separate accounts; and institutional asset management products, such as traditional asset classes, separately managed accounts, individually managed accounts, collateralized loan obligations, hedge funds, collective funds, and property and infrastructure funds. The Retirement & Protection Solutions segment provides variable annuity products, as well as life and disability income insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.
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