Ameriprise Financial
About: Ameriprise Financial is a major player in the us 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 discontinuing the sale of proprietary fixed annuities in 2020.
Employees: 13,800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
20% more funds holding in top 10
Funds holding in top 10: 15 [Q2] → 18 (+3) [Q3]
8% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 99
3% more capital invested
Capital invested by funds: $36.9B [Q2] → $38.1B (+$1.21B) [Q3]
1% more funds holding
Funds holding: 1,225 [Q2] → 1,233 (+8) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 416 | Existing positions reduced: 454
4.26% less ownership
Funds ownership: 86.88% [Q2] → 82.63% (-4.26%) [Q3]
27% less call options, than puts
Call options by funds: $89.9M | Put options by funds: $122M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Keefe, Bruyette & Woods Ryan Krueger 100% 1-year accuracy 10 / 10 met price target | 9%downside $510 | Market Perform Maintained | 29 Oct 2024 |
RBC Capital Kenneth Lee 86% 1-year accuracy 44 / 51 met price target | 2%downside $550 | Outperform Maintained | 25 Oct 2024 |
Morgan Stanley Michael Cyprys 64% 1-year accuracy 16 / 25 met price target | 11%downside $502 | Equal-Weight Maintained | 17 Oct 2024 |
RBC Capital Kenneth Lee 86% 1-year accuracy 44 / 51 met price target | 5%downside $535 | Outperform Maintained | 11 Oct 2024 |
UBS Brennan Hawken 70% 1-year accuracy 28 / 40 met price target | 1%downside $555 | Buy Maintained | 8 Oct 2024 |
Financial journalist opinion
Based on 7 articles about AMP published over the past 30 days