Ameriprise Financial (AMP) AI Stock Analysis

• Market Cap: $48.98B
• Dividend Yield: 1.26%
• Average Volume (3M): 476.46K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 1.17
• Revenue Growth: 5.76%
• EPS Growth: 39.77%
• Country: US
• Employees: 13,600
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 10.83
• Shares Outstanding: 92,905,716
• 10 Day Avg. Volume: 608,362
• 30 Day Avg. Volume: 476,461
• PEG Ratio: 0.40
• Price to Book (P/B): 10.29
• Price to Sales (P/S): 3.00
• P/FCF Ratio: 8.38
• Enterprise Value/Market Cap: 0.91
• Enterprise Value/Revenue: 2.42
• Enterprise Value/Gross Profit: 4.35
• Enterprise Value/Ebitda: 36.11
• 1Y Price Target: $556.00
• Price Target Upside: 5.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: $570.00 ▲(8.12% Upside)

The score is driven primarily by strong financial performance (profitability, cash generation, and improving leverage) and a positive earnings call emphasizing record assets, solid organic flows, and sizable capital returns. Valuation is supportive at a mid-teens P/E with a modest yield, while technical signals are mixed and slightly neutral, limiting the upside to the overall score.

Positive Factors

High operating and net margins

Sustained high margins indicate durable operating leverage across advice, asset management and annuities, enabling the firm to fund strategic investments and capital returns. High margins support long-term profitability resilience versus peers during normal market cycles.

Strong free cash flow conversion

Very high FCF conversion provides dependable internal funding for buybacks, dividends and targeted investments (technology, Signature Wealth, banking) without heavy reliance on new external financing, supporting durable capital allocation flexibility.

Large scale and strong organic flows

Record AUM and consistent organic inflows underpin competitive scale: distribution reach, adviser productivity and product distribution (ETFs, SMAs) benefit from scale advantages, supporting fee revenue stability and structural growth over the medium term.

Negative Factors

Rate sensitivity of cash revenues

A large cash sweep balance and bank portfolio yield expose earnings to lower-for-longer rates. Structural declines in short-term rates would compress cash-related fee and net interest income, reducing a predictable revenue stream and pressuring margins over months.

Recruiting/distribution cost pressure

Sustained competition for experienced advisers forces higher transition assistance and distribution spend. If elevated hiring costs persist, profit margins and return on capital could be structurally pressured as acquisition economics and adviser productivity normalize.

Cash flow and margin variability

While FCF conversion is strong, recent TTM declines and period-to-period operating cash volatility signal variability in earnings quality. That variability can limit the sustainability of aggressive buybacks and elevate execution risk for long-term investment plans.

Ameriprise Financial Business Overview & Revenue Model

Company Description

Ameriprise Financial, Inc., 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, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.

How the Company Makes Money

Ameriprise Financial generates revenue primarily through fees and commissions associated with its financial advisory services, asset management, and insurance products. The Advice & Wealth Management segment earns fees from financial planning services and commissions from investment products sold by advisors. The Asset Management segment derives revenue from management fees charged on mutual funds and institutional investment products. Additionally, the Annuities segment generates income through the sale of annuity products, which include fees for asset management and mortality risk. Significant partnerships with financial advisors and institutions also contribute to its earnings by expanding its client base and service offerings.

Ameriprise Financial Financial Statement Overview

Summary

High-quality fundamentals with strong profitability (TTM ~33% operating margin, ~20% net margin), robust cash generation (FCF ~97% of net income), and improving leverage (debt-to-equity ~0.9). Offsets include choppier margins over time and a TTM decline in free cash flow plus some period-to-period cash flow volatility.

Income Statement

Ameriprise shows a strong earnings profile with solid profitability in TTM (Trailing-Twelve-Months): ~56% gross margin, ~33% operating margin, and ~20% net margin. Revenue growth in TTM is strong (as provided), and the multi-year trend shows a clear step-up in scale versus 2020–2023. Offsetting this, profitability has been somewhat choppy over time (notably net margin variability), and the TTM EBITDA margin is materially lower than prior annual levels, suggesting either mix/one-time effects or higher costs that bear watching.

Balance Sheet

Leverage appears manageable with debt-to-equity around ~0.9 in TTM (Trailing-Twelve-Months), improving versus the higher leverage seen in 2022–2024. Returns on equity are very strong (TTM ROE ~63%), signaling efficient capital use. The main watch-outs are the relatively modest equity base versus a very large asset footprint (typical for parts of financial services but still a sensitivity factor) and the history of leverage moving around year-to-year.

Cash Flow

Cash generation is a key strength: operating cash flow and free cash flow are both substantial in TTM (Trailing-Twelve-Months), and free cash flow conversion is high with free cash flow running at ~97% of net income. However, TTM free cash flow declined (as provided), indicating a near-term slowdown after prior growth, and operating cash flow coverage is volatile across periods (including a notably low 2023 reading), which adds some variability risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	18.49B	17.93B	16.10B	14.33B	13.39B	11.96B
Gross Profit	10.29B	10.36B	9.42B	8.90B	8.26B	5.82B
EBITDA	1.24B	4.59B	4.41B	5.33B	4.95B	2.91B
Net Income	3.63B	3.40B	2.56B	3.15B	3.42B	1.53B
Balance Sheet
Total Assets	190.09B	181.40B	175.19B	158.85B	175.91B	165.88B
Cash, Cash Equivalents and Short-Term Investments	46.86B	60.67B	59.13B	47.91B	39.30B	43.13B
Total Debt	5.88B	5.47B	5.75B	5.38B	5.20B	4.94B
Total Liabilities	183.63B	176.18B	170.46B	155.05B	169.97B	160.02B
Stockholders Equity	6.46B	5.23B	4.73B	3.80B	5.94B	5.87B
Cash Flow
Free Cash Flow	5.86B	6.42B	4.50B	4.22B	3.21B	4.48B
Operating Cash Flow	6.04B	6.59B	4.68B	4.41B	3.33B	4.62B
Investing Cash Flow	-718.00M	-551.00M	-9.26B	-13.58B	-4.38B	-2.89B
Financing Cash Flow	-5.74B	-5.17B	4.41B	8.43B	1.72B	952.00M

Ameriprise Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 527.19
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMP, the sentiment is Positive. The current price of 527.19 is above the 20-day moving average (MA) of 504.98, above the 50-day MA of 487.78, and above the 200-day MA of 494.63, indicating a bullish trend. The MACD of 6.06 indicates Negative momentum. The RSI at 64.53 is Neutral, neither overbought nor oversold. The STOCH value of 53.42 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMP.

Ameriprise Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AMP	78 Outperform	$48.98B	14.50	60.51%	1.26%	5.76%	39.77%
BK	78 Outperform	$82.53B	16.21	12.96%	1.71%	4.22%	51.01%
STT	73 Outperform	$36.52B	13.92	11.07%	2.43%	5.62%	49.49%
NTRS	73 Outperform	$28.26B	17.10	13.37%	2.21%	-4.52%	7.01%
BX	70 Outperform	$173.54B	36.80	35.78%	3.02%	33.12%	19.86%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CG	59 Neutral	$21.18B	32.71	11.85%	2.30%	-24.62%	437.16%

Ameriprise Financial Corporate Events

Ameriprise Financial Appoints Liane Pelletier as Director

On November 12, 2025, Ameriprise Financial appointed Liane J. Pelletier as a director, who will also join the Audit and Risk Committee. Ms. Pelletier brings extensive experience from her previous roles at Alaska Communications Systems Group and Sprint Corporation, enhancing the company’s governance and strategic oversight.

The most recent analyst rating on (AMP) stock is a Hold with a $530.00 price target. To see the full list of analyst forecasts on Ameriprise Financial stock, see the AMP Stock Forecast page.