Ameriprise FinancialAMP
Market Cap: 43.7B
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 the exit of the sale of its proprietary fixed annuities in 2020.
Employees: 13,800
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
77% more first-time investments, than exits
New positions opened: 140 | Existing positions closed: 79
65% more call options, than puts
Call options by funds: $147M | Put options by funds: $88.9M
13% more capital invested
Capital invested by funds: $31.9B [Q4 2023] → $36B (+$4.17B) [Q1 2024]
5% more funds holding
Funds holding: 1,132 [Q4 2023] → 1,193 (+61) [Q1 2024]
0% more repeat investments, than reductions
Existing positions increased: 406 | Existing positions reduced: 406
0.8% less ownership
Funds ownership: 82.94% [Q4 2023] → 82.14% (-0.8%) [Q1 2024]
6% less funds holding in top 10
Funds holding in top 10: 16 [Q4 2023] → 15 (-1) [Q1 2024]
Research analyst outlook
13 Wall Street Analysts provided 1 year price forecasts over the past 6 months
13 analyst ratings
UBS Brennan Hawken | 13%upside $495 | Buy Maintained | 9 Jul 2024 |
Keefe, Bruyette & Woods Ryan Krueger | 7%upside $470 | Market Perform Maintained | 8 Jul 2024 |
Jefferies Suneet Kamath | 15%upside $504 | Buy Maintained | 28 Jun 2024 |
Piper Sandler John Barnidge | 12%downside $387 | Underweight Maintained | 28 Jun 2024 |
Argus Research Kevin Heal | 5%upside $460 | Buy Maintained | 6 May 2024 |
Financial journalist opinion
Based on 17 articles about AMP published over the past 30 days