Ameriprise Financial with ticker code (AMP) now have 11 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 402 and 280 calculating the mean target price we have $362.36. Now with the previous closing price of $314.10 this is indicating there is a potential upside of 15.4%. The 50 day MA is $317.05 and the 200 day MA is $300.21. The total market capitalization for the company now stands at $32,943m. Visit the company website at: https://www.ameriprise.com
The potential market cap would be $38,004m based on the market consensus.
Ameriprise Financial, through 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 and advice, and investment products to retail, high net worth, and institutional clients through unaffiliated third-party financial institutions and institutional sales force. This segment products also 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 to individual clients, as well as life and DI insurance products to retail clients. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial in September 2005. The company was founded in 1894 and is headquartered in Minneapolis, Minnesota.
The company has a dividend yield of 1.6% with the ex dividend date set at 9-2-2023 (DMY).
Other points of data to note are a P/E ratio of 13.86, revenue per share of 128.9 and a 1.56% return on assets.
