Ameriprise Financial, Inc.
- Open
- 558.98
- Day high
- 565.44
- Day low
- 556.57
- Prev close
- 557.53
- Volume
- 371K
- Mkt cap
- $49.9B
- P/E (TTM)
- 13.4
- EPS (TTM)
- $41.87
- P/B
- 7.8
- P/S
- 2.5
- Yield
- 1.17%
- Per share
- $6.60
- ▼Insiders net selling -$27.5M over the last 3 months (0 open-market buys, 10 sales)
- 🏛Institutions mixed (13F)
Ameriprise Financial, Inc. (AMP) is a Financial Services company listed on NYSE. The stock is up 10% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 10 sales (SEC Form 4).
Ameriprise Financial, Inc. (AMP) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AMP earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | $10.81 | $11.07 | +2.4% | $5.0B | +3.0% |
| Apr 23, 2026 | $10.21 | $11.26 | +10.3% | $4.9B | +3.6% |
| Jan 29, 2026 | $10.34 | $10.83 | +4.7% | $5.0B | +5.8% |
| Oct 30, 2025 | $9.77 | $9.92 | +1.5% | $4.9B | +6.0% |
| Jul 24, 2025 | $9.00 | $9.11 | +1.2% | $4.4B | +0.8% |
| Apr 24, 2025 | $9.08 | $9.50 | +4.6% | $4.4B | -1.5% |
| Jan 29, 2025 | $9.05 | $9.36 | +3.4% | $4.5B | +0.3% |
| Oct 23, 2024 | $8.93 | $8.83 | -1.1% | $4.4B | +2.0% |
| Jul 24, 2024 | $8.53 | $8.72 | +2.2% | $4.2B | -0.5% |
| Jan 24, 2024 | $7.67 | $7.75 | +1.0% | $4.0B | +2.0% |
| Oct 25, 2023 | $7.56 | $6.96 | -7.9% | $3.9B | +1.3% |
| Jul 26, 2023 | $7.38 | $7.44 | +0.8% | $3.9B | +0.4% |
AMP insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 30, 2026 | Berman Walter Stanleyofficer: EXECUTIVE VP AND CFO | Tax | 23,099 | $550.81 |
| Jul 30, 2026 | CRACCHIOLO JAMES Mdirector, officer: CHAIRMAN AND CEO | Option | 52,932 | $165.41 |
| Jul 30, 2026 | Berman Walter Stanleyofficer: EXECUTIVE VP AND CFO | Option | 10,905 | $165.41 |
| Jul 30, 2026 | WILLIAMS CHRISTOPHER Jdirector | Grant | 38 | — |
| Jul 30, 2026 | CRACCHIOLO JAMES Mdirector, officer: CHAIRMAN AND CEO | Tax | 34,912 | $545.83 |
| Jul 30, 2026 | Berman Walter Stanleyofficer: EXECUTIVE VP AND CFO | Sell | 10,590 | $548.92 |
| Jul 30, 2026 | CRACCHIOLO JAMES Mdirector, officer: CHAIRMAN AND CEO | Sell | 1,900 | $546.67 |
| Jul 30, 2026 | Berman Walter Stanleyofficer: EXECUTIVE VP AND CFO | Option | 23,206 | $197.87 |
| Jul 30, 2026 | Berman Walter Stanleyofficer: EXECUTIVE VP AND CFO | Sell | 422 | $549.76 |
| Jul 30, 2026 | CRACCHIOLO JAMES Mdirector, officer: CHAIRMAN AND CEO | Sell | 16,120 | $545.28 |
| Jul 29, 2026 | Williams William Jerrylofficer: Pres, Wealth Mgmt Advisor Grp | Sell | 6 | $537.61 |
| Jul 29, 2026 | Williams William Jerrylofficer: Pres, Wealth Mgmt Advisor Grp | Sell | 4,102 | $538.23 |
| Jul 29, 2026 | Williams William Jerrylofficer: Pres, Wealth Mgmt Advisor Grp | Sell | 3,200 | $540.07 |
| Jul 29, 2026 | Williams William Jerrylofficer: Pres, Wealth Mgmt Advisor Grp | Sell | 908 | $541.90 |
| Jul 29, 2026 | Williams William Jerrylofficer: Pres, Wealth Mgmt Advisor Grp | Tax | 2,131 | $537.08 |
Source: AMP SEC Form 4 filings, latest Jul 30, 2026. For informational purposes only — not investment advice.
See the full AMP insider & 13F page →Ameriprise Financial, Inc. company profile
Overview
Ameriprise Financial, Inc. (NYSE:AMP) is a diversified financial services company founded in 1894 and headquartered in Minneapolis, Minnesota. Originally established as American Express Financial Corporation, the company became independent in September 2005 following its spin-off from American Express. Today, Ameriprise operates as one of the largest financial planning and wealth management companies in the United States, serving individual and institutional clients through a comprehensive suite of financial products and services across four primary business segments.
Business
Ameriprise Financial operates in the financial services industry, providing comprehensive wealth management, asset management, and insurance solutions. The company's business is organized into four main segments: Advice & Wealth Management represents the largest segment, generating approximately 65-70% of total revenues. This division provides financial planning and advisory services through a network of financial advisors who offer personalized investment advice, brokerage services, and wealth management solutions. The segment manages over $1 trillion in client assets, with a significant portion held in "wrap accounts" - professionally managed investment accounts where clients pay a single fee covering investment management, administrative services, and advisory guidance. These wrap accounts, totaling $574 billion in assets, represent the company's highest-margin business as they generate recurring fee-based revenue. Asset Management contributes roughly 15-20% of revenues and operates as Columbia Threadneedle Investments, managing $681 billion in assets under management. This segment creates and manages investment products including mutual funds, exchange-traded funds (ETFs), and institutional investment strategies. The business serves both retail investors through third-party distribution channels and institutional clients such as pension funds and endowments. Revenue comes primarily from management fees charged as a percentage of assets under management. Retirement & Protection Solutions accounts for approximately 10-15% of revenues, focusing on insurance and annuity products. This segment offers variable annuities, which are insurance products that provide tax-deferred investment growth and guaranteed income options for retirement planning. The division also provides life insurance and disability insurance products. Variable annuities are complex financial products that combine investment features with insurance guarantees, allowing customers to invest in various investment options while providing protection against market downturns. Corporate & Other includes the company's banking operations and corporate functions, representing a smaller portion of overall revenues but growing in strategic importance as Ameriprise expands its banking product offerings.
Revenue model
Ameriprise generates revenue through multiple fee-based and product-based income streams. The primary revenue model is asset-based fees, where the company charges annual fees as a percentage of assets under management and administration. In the Wealth Management segment, wrap account fees typically range from 1-3% annually of assets under management, providing predictable recurring revenue that grows with both asset appreciation and net new client flows. The Asset Management division earns management fees from mutual funds, ETFs, and institutional mandates, typically charging 0.3-1.5% annually depending on the investment strategy and client type. The Retirement & Protection segment generates revenue through insurance premiums and fees from variable annuity and life insurance products, including ongoing management fees on assets within these products. The company's banking operations contribute through net interest income, earning spreads between the rates paid on client deposits and certificates and the yields earned on the loan and investment portfolio. This segment has grown significantly, with bank assets reaching $37 billion. Several factors influence Ameriprise's profitability margins. Market performance directly impacts revenue since most fees are asset-based - rising markets increase both asset values and fee income, while market declines reduce revenues. Interest rate environments affect multiple aspects of the business: higher rates can reduce bond fund performance but improve banking margins and make the company's insurance liabilities less expensive to fund. Client cash allocation represents a margin headwind when clients hold higher levels of cash in low-yielding money market accounts rather than fee-generating investment products. Regulatory changes in areas like fiduciary standards or fee disclosure requirements can impact pricing and operational costs. Competition from low-cost index funds, robo-advisors, and other wealth management firms creates pressure on fee structures, while advisor productivity and retention directly affects the company's ability to grow assets and maintain margins in its highest-margin wealth management business.
Competitive moat
Ameriprise possesses a moderate economic moat built primarily around client relationships, advisor networks, and switching costs, though this moat faces ongoing pressure from industry disruption. The company's strongest competitive advantage lies in its established advisor network and client relationships. With over 10,000 financial advisors managing long-term client relationships, Ameriprise benefits from high switching costs - clients are reluctant to change advisors due to the personal nature of financial planning and the complexity of transferring accounts and investment strategies. The company's comprehensive product platform creates additional stickiness, as clients can access wealth management, banking, insurance, and investment products through a single relationship. This integration makes it more convenient for clients to consolidate their financial services and more difficult for competitors to replicate the full service offering. However, Ameriprise's moat faces significant challenges from multiple directions. Fee compression from low-cost index funds and ETFs continues to pressure traditional active management fees. Robo-advisors and digital platforms offer basic financial planning and portfolio management at significantly lower costs, particularly appealing to younger, tech-savvy investors. Regulatory changes requiring greater fee transparency and fiduciary standards have increased scrutiny on traditional wealth management fees. The Asset Management segment faces particularly intense competition, with persistent outflows reflecting the broader industry shift toward passive investing. While Columbia Threadneedle maintains strong investment performance with many highly-rated funds, performance alone has proven insufficient to stem outflows in an increasingly price-sensitive market. The company's banking and insurance operations provide some diversification but operate in highly competitive markets with limited differentiation. Overall, while Ameriprise maintains meaningful competitive advantages through its advisor relationships and integrated platform, the sustainability of its fee-based model faces ongoing pressure from technological disruption and changing investor preferences.
Risks & safety
Ameriprise demonstrates a strong financial position with solid margins of safety across key metrics, though the company carries significant leverage typical of financial services firms. • Liquidity and Cash Position: Strong cash generation with $6.4 billion in operating cash flow for 2024 and $8.5 billion in cash and short-term investments. Free cash flow of $6.4 billion provides substantial flexibility for capital allocation. • Debt and Leverage: Debt-to-equity ratio of 1.05x reflects moderate leverage typical for financial services companies. The company maintains investment-grade credit ratings and has demonstrated ability to manage leverage through various market cycles. • Solvency Risk: Minimal near-term solvency concerns given strong cash generation, diversified revenue streams, and substantial liquid assets. Insurance operations are well-capitalized with appropriate reserves. • Valuation Metrics: Trading at 15.8x trailing earnings and 10.3x book value. EV/EBITDA of 12.3x appears reasonable for a diversified financial services company with strong market positions. • Return Metrics: Strong return on equity of 65% (though this appears elevated and may not be sustainable), indicating efficient capital utilization. • Capital Return: Consistent shareholder returns with $2.8 billion returned in 2024 through dividends and share repurchases, representing approximately 80% of earnings. • Other Considerations: Regulatory capital requirements for insurance and banking operations provide additional safety buffers. Diversified revenue streams across wealth management, asset management, and insurance provide some protection against sector-specific downturns.
Recent development
Over the past several years, Ameriprise has pursued a focused strategy of organic growth and operational efficiency while expanding its product offerings and digital capabilities. The company has made significant investments in technology and artificial intelligence to enhance advisor productivity and client experience, including the launch of the new Signature Wealth UMA (Unified Managed Account) platform that provides comprehensive portfolio management and reporting capabilities. Banking expansion represents a key strategic initiative, with the company growing bank assets from $19 billion in 2022 to $37 billion by 2024. Management is expanding banking products beyond certificates of deposit to include fixed pledge loans, HELOCs (Home Equity Lines of Credit), and checking accounts, aiming to deepen client relationships and capture more wallet share from existing wealth management clients. In Asset Management, Ameriprise has focused on product innovation and distribution expansion, launching active ETFs and growing its separately managed accounts (SMA) and model delivery businesses. The company has worked to improve flows by addressing operational inefficiencies and expanding global distribution capabilities, though the segment continues to face industry headwinds. The company made a significant strategic decision to retain its long-term care insurance block after conducting a comprehensive review of potential risk transfer options. Management determined that the block generates positive earnings and cash flow, making retention more valuable than available reinsurance alternatives. Advisor recruitment and productivity enhancement remain central to the wealth management strategy, with the company successfully recruiting experienced advisors and achieving record advisor productivity levels exceeding $1 million in annual revenue per advisor. The company has also invested in expanded training programs and digital tools to support advisor effectiveness. Throughout this period, Ameriprise has maintained disciplined expense management while continuing strategic investments, achieving operating leverage as revenues have grown faster than expenses across most segments.
AMP company profile · for informational purposes only — not investment advice.
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