AMP - Ameriprise Financial, Inc.

NYSE - NYSE Delayed Price. Currency in USD
138.82
+0.55 (+0.40%)
At close: 4:02PM EDT

138.82 0.00 (0.00%)
After hours: 5:08PM EDT

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Previous Close138.27
Open137.19
Bid138.85 x 3000
Ask138.89 x 1400
Day's Range136.82 - 138.99
52 Week Range95.69 - 153.91
Volume523,845
Avg. Volume1,070,753
Market Cap18.167B
Beta (3Y Monthly)1.99
PE Ratio (TTM)10.22
EPS (TTM)13.58
Earnings DateOct 23, 2019
Forward Dividend & Yield3.88 (2.81%)
Ex-Dividend Date2019-08-02
1y Target Est166.20
Trade prices are not sourced from all markets
  • Business Wire

    AM Best Affirms Credit Ratings of Ameriprise Financial, Inc. and Its Subsidiaries

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of “aa-” of RiverSource Life Insurance Company and its wholly owned subsidiary, RiverSource Life Insurance Co.

  • Why Ameriprise (AMP) Could Beat Earnings Estimates Again
    Zacks

    Why Ameriprise (AMP) Could Beat Earnings Estimates Again

    Ameriprise (AMP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Business Wire

    Ameriprise Financial Announces Schedule for Upcoming Investor Events

    Third Quarter 2019 Results – The company will announce its third quarter 2019 results on Wednesday, October 23, 2019 after the close of the New York Stock Exchange. 2019 Ameriprise Financial Investor Day – The company will host an Investor Day for shareholders and analysts on Thursday, November 21, 2019 in New York City. Live audio, materials and an audio replay for these events will be available on the Ameriprise Financial Investor Relations website at ir.ameriprise.com.

  • Advisors With $175 Million in Assets Under Management Join the Franchise Channel at Ameriprise Financial
    Business Wire

    Advisors With $175 Million in Assets Under Management Join the Franchise Channel at Ameriprise Financial

    Today Ameriprise Financial, Inc. (AMP) announced that three advisors with combined assets of $175 under management joined the firm’s franchise channel. Helen Von Dolteren-Fournier, CFP®, JD of Winter Park, Fla. moved to Ameriprise from Raymond James, where she managed approximately $53 million in assets under management.

  • Ameriprise Closes Divestiture of Auto & Home Unit for $1.04B
    Zacks

    Ameriprise Closes Divestiture of Auto & Home Unit for $1.04B

    Ameriprise's (AMP) Auto & Home unit divestiture will help lower operating risk and invest in less capital-intensive businesses.

  • Ameriprise Financial Welcomes Two Experienced Advisors With $320 Million in Assets Under Management
    Business Wire

    Ameriprise Financial Welcomes Two Experienced Advisors With $320 Million in Assets Under Management

    Today Ameriprise Financial, Inc. (AMP) announced that Mark Burton, MBA of Dayton, OH and Peter Bazirgan of Providence, RI have joined the firm’s employee channel with a combined $320 million in assets under management. Mark Burton, Financial Advisor and Managing Director, manages approximately $152 million in assets under management.

  • Business Wire

    Columbia Threadneedle Investments Recognized for Excellence in Investor and Advisor Communications

    Columbia Threadneedle Investments won six awards for investor and advisor communications at the 2019 Investment Management Education Alliance STAR Awards, including top overall advisor communications.

  • Business Wire

    Ameriprise Financial Completes Sale of Auto & Home Business to American Family Insurance

    Ameriprise Financial today announced it has completed the sale of De Pere, Wisconsin-based Ameriprise Auto & Home to Madison, Wisconsin-based American Family Insurance Mutual Holding Company .

  • Legg Mason (LM) Stock Up 50.7% YTD: Will the Rally Continue?
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    Legg Mason (LM) Stock Up 50.7% YTD: Will the Rally Continue?

    Legg Mason's (LM) robust fundamentals and strategic acquisitions primarily fuel the upside.

  • BlackRock (BLK) Rides on Asset Growth Despite High Costs
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    BlackRock (BLK) Rides on Asset Growth Despite High Costs

    While solid AUM balance is expected to support BlackRock's (BLK) revenue growth, higher costs will likely hurt the bottom line.

  • Here's Why its Wise to Buy Waddell & Reed (WDR) Stock Now
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    Here's Why its Wise to Buy Waddell & Reed (WDR) Stock Now

    Waddell & Reed's (WDR) investments in the Wealth Management channel are expected to boost revenues.

  • Solid AUM & Global Reach Aid Invesco (IVZ), Cost Woes Linger
    Zacks

    Solid AUM & Global Reach Aid Invesco (IVZ), Cost Woes Linger

    Though Invesco's (IVZ) global footprint and assets under management have been benefiting from opportunistic acquisitions, rising operating costs and high debt remain concerns.

  • Should You Consider Ameriprise Financial, Inc. (NYSE:AMP)?
    Simply Wall St.

    Should You Consider Ameriprise Financial, Inc. (NYSE:AMP)?

    Attractive stocks have exceptional fundamentals. In the case of Ameriprise Financial, Inc. (NYSE:AMP), there's is a...

  • Ameriprise Financial Welcomes CAM Wealth Management in Annapolis, MD
    Business Wire

    Ameriprise Financial Welcomes CAM Wealth Management in Annapolis, MD

    Today Ameriprise Financial, Inc. (AMP) announced that CAM Wealth Management, a team of experienced financial advisors, has joined its employee channel in Annapolis, Md. CAM Wealth Management is led by managing directors Kevin B. Collison, CPFA, CRPC®, CFP®, Christopher Asher, CRPC®, CFP® and Scott McRoy, CFP®, CRPC®, CDFA®. Financial advisor Pat Cotherman, CFP® and registered client service associates Maria Vallecillo and Laura McAuley are also on the team.

  • Moody's

    RiverSource Life Insurance Co. of N Y -- Moody's announces completion of a periodic review of ratings of Ameriprise Financial, Inc

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ameriprise Financial, Inc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Business Wire

    Ameriprise Financial Matching Public Donations to Feeding America Now Through Thanksgiving

    For the eighth consecutive year, Ameriprise Financial (AMP) is matching donations to Feeding America® in support of the more than 37 million people in America who struggle with hunger. “People who are struggling financially are often forced to choose between buying food and paying for other essentials like utilities, transportation and medical care, which can make the path to financial stability feel even more out of reach,” said Brian Pietsch, head of community relations at Ameriprise. “Feeding America offers a solution to help people cover basic needs today, giving them space to plan for tomorrow.

  • Business Wire

    Kelly-Ann Cavagnaro to Join Columbia Threadneedle as Head of Consultant Relations for North America

    Columbia Threadneedle Investments today announced that Kelly-Ann Cavagnaro is joining the firm as head of consultant relations for the North America Institutional business, reporting to Scott Couto, head of North America.

  • Loan Growth and Asset Quality Aid Washington Federal (WAFD)
    Zacks

    Loan Growth and Asset Quality Aid Washington Federal (WAFD)

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  • Are Investors Undervaluing Ameriprise Financial Services (AMP) Right Now?
    Zacks

    Are Investors Undervaluing Ameriprise Financial Services (AMP) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • U.S. Bancorp (USB) Announces Revised Long-Term Targets
    Zacks

    U.S. Bancorp (USB) Announces Revised Long-Term Targets

    U.S. Bancorp (USB) comes out with revised long-term growth and profitability financial targets at its Investor Day conference.

  • 5 Reasons to Add Ameriprise (AMP) Stock to Your Portfolio
    Zacks

    5 Reasons to Add Ameriprise (AMP) Stock to Your Portfolio

    Driven by strong fundamentals and bright growth prospects, Ameriprise (AMP) seems to be an attractive investment option right now.

  • WeWork Mystery: Who Owns 75% of Its Junk Bonds?
    Bloomberg

    WeWork Mystery: Who Owns 75% of Its Junk Bonds?

    (Bloomberg Opinion) -- To get a sense of how the market feels about the day-to-day drama coming out of WeWork, investors have little choice but to turn to its bonds.After all, the company has no publicly traded shares — and, if the latest twist in its saga is to be believed, that might be the case for longer than anticipated. Executives of WeWork and its largest investor, SoftBank Group Corp., are discussing whether to shelve plans for an initial public offering, people with knowledge of the talks told Bloomberg News. On top of that, the office-rental company may rely on junk bonds for funding for the foreseeable future or even explore a whole-business securitization, a WeWork executive said, according to a person familiar with the matter.Not surprisingly, WeWork’s junk bonds are tumbling. They fell below 100 cents on the dollar on Tuesday for the first time since the company filed to go public last month, with both the number of trades and overall volume reaching the highest in about a month. While a dip below face value doesn’t inherently spell doom, it’s nevertheless a sign that the bad news is starting to take its toll on investors.But here’s the mystery: Who exactly are those investors?We know who holds about 25% of WeWork’s $669 million in high-yield debt due 2025 because Bloomberg aggregates data from the most recent public filings. So, for instance, Lord Abbett & Co. held about $43.8 million as of May 31, or about 6.5%. The second-largest holder is Allianz SE, which includes funds from Pacific Investment Management Co.; grouped together, it owns about $21 million, or a bit more than 3%. Three State Street Corp. exchange-traded funds hold a combined $9.6 million, or 1.44%. In the period through July 31, funds from TIAA-CREF and Ameriprise Financial Inc. pared back their exposure. Still, that’s far from a complete picture. Only knowing who owns 25% of a company’s bonds is minuscule, even for the high-yield market. WeWork makes up about 0.05% of the Bloomberg Barclays U.S. Corporate High Yield Index. Here’s a sampling of other debt with nearly identical weightings and comparable maturities, and how much of its ownership is public:Lamar Media Corp. bond maturing in 2026: 47% known Seven Generations Energy bond maturing in 2025: 72% known J2 Global bond maturing in 2025: 51% known Navient Corp. bond maturing in 2021: 57% known Antero Resources Corp. bond maturing in 2023: 67% known CVR Partners LP bond maturing in 2023: 64% knownSuffice it to say, bonds in the high-yield index with lower publicly reported ownership than WeWork are few and far between. So if active money managers, ETFs, pensions(1) and life insurers make up only a quarter of investors, who else is left?  Hedge funds would be a likely place to start looking. WeWork’s bond matures in less than six years and offers a yield of more than 8%. (At the height of the rally last month, it yielded closer to 7%.) The Bloomberg Barclays high-yield index has a comparable average maturity of 5.76 years, but its yield is just 5.6%. There’s been no indication that SoftBank and its affiliates own any of the securities, but they do own about 29% of WeWork stock, which shows just how much the Japanese conglomerate has riding on the company’s success. Opportunistic investors appear to have jumped into WeWork’s bond at least twice this year. The bond soared after the company’s April 29 announcement that it filed paperwork confidentially with the Securities and Exchange Commission to hold an IPO and then again after it filed its S-1 prospectus in August. As I wrote in May, an IPO could give WeWork a cash injection that ought to cover interest for a while. It would also give bondholders a layer of protection in the capital structure because public shareholders would take the biggest hit if WeWork fizzles.These big investors, whoever they may be, can’t be feeling too comfortable right now, given the state of the IPO. As for We Co., the parent of WeWork, becoming a regular presence in the capital markets, I’ll just say this: It’s one thing to be Netflix Inc. — whose stock price has more than doubled since the start of 2017 — and tap the high-yield bond market again and again (its bonds maturing in 2026 have 73.5% public ownership). It’s quite another to be WeWork, given that its IPO range could wind up closer to $20 billion, compared with the $47 billion valuation it had earlier this year. There is no shortage of investors, analysts and commentators who see WeWork as the height of market folly. It’s a company with an unusual corporate structure and a business model that seems destined to implode when the economic cycle turns.So far, the bond market isn’t convinced that WeWork is about to crash and burn. That is, if anyone can trust trading among investors who are largely unknown.(1) The California Public Employees' Retirement System, or Calpers, held about $2.6 million of the bond as of June 30, data compiled by Bloomberg show. It's possible other pension funds don't disclose such precise figures.To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • How Does Ameriprise Financial, Inc. (NYSE:AMP) Stand Up To These Simple Dividend Safety Checks?
    Simply Wall St.

    How Does Ameriprise Financial, Inc. (NYSE:AMP) Stand Up To These Simple Dividend Safety Checks?

    Could Ameriprise Financial, Inc. (NYSE:AMP) be an attractive dividend share to own for the long haul? Investors are...

  • Top Ranked Value Stocks to Buy for September 4th
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