NYSE:AMP

Track all markets on TradingView - Prices are not updated in real time
Ameriprise Financial (AMP) Stock Rises After Piper Sandler Raises Price Target

Ameriprise Financial (NYSE: AMP) shares gained 2.3% on Monday after Piper Sandler raised its price target on the wealth management and financial services company to $518 from $471 while maintaining a "Neutral" rating.

The higher price target reflects increased confidence in Ameriprise's earnings outlook and business fundamentals, even though Piper Sandler stopped short of upgrading the stock. The revised target now sits broadly in line with the company's current market valuation, suggesting the firm sees more balanced risk and reward at current levels.

Ameriprise has continued to benefit from resilient client asset growth, healthy advisory fee income, and strong demand for wealth management services. Higher equity markets and solid client engagement have also supported assets under management and revenue growth across the firm's advisory and asset management businesses.

The positive analyst action comes ahead of the company's upcoming earnings report, with investors expected to focus on net asset flows, advisory revenues, and capital return. Ameriprise has consistently returned capital through dividends and share repurchases, supporting shareholder returns over time.

Monday's gain suggests investors welcomed the higher valuation target, although Piper Sandler's decision to maintain a Neutral rating indicates that much of the company's recent strength may already be reflected in the share price. Investors will now look to quarterly results for further confirmation of earnings momentum and the outlook for wealth management activity.
💬 🔗
Author
Global Finance News 07-14-26
Ameriprise Financial Q1 2025 Earnings Summary

Ameriprise reported adjusted operating earnings per diluted share of $9.50, up 13% from Q1 2024. However, GAAP EPS declined 38% to $5.83 due to unfavorable market impacts on derivatives and market risk benefits.
Net income was $583 million, down 41% year-over-year, while adjusted operating earnings were $950 million, up 8%.

Return on Equity
- Adjusted operating ROE (excluding AOCI): 52.0% (up from 49.0%)
- GAAP ROE (excluding AOCI): 43.2%

Capital Actions
- Returned $765 million to shareholders (81% of adjusted operating earnings)
- Announced a new $4.5 billion share repurchase program through June 2027
- Increased the quarterly dividend by 8%

Segment Highlights

1. Advice & Wealth Management
- Pretax adjusted operating earnings: $792 million (up 4%)
- Adjusted operating margin: 28.5%
- Total client assets: $1.02 trillion (up 7%)
- Net flows: $10.3 billion
- Wrap net flows: $8.7 billion (up 34%)
- Revenue per advisor (TTM): $1.1 million (up 12%)
Growth was supported by strong client engagement, advisor productivity, and market appreciation.

2. Asset Management
- Pretax adjusted earnings: $241 million (up 17%)
- Adjusted net revenues: $846 million (down 1%)
- Operating margin: 42.7% (up from 34.9%)
- Net outflows: $18.3 billion (vs $5.5 billion a year ago)
- Assets under management: $621 billion (down 5%)
Performance benefited from expense reductions and equity market appreciation despite elevated redemptions and institutional repositioning.

3. Retirement & Protection Solutions
- Pretax adjusted operating earnings: $215 million (up 8%)
- Net revenues: $926 million (up 2%)
- Sales: $1.2 billion
Growth was supported by increased interest income and solid sales in variable annuities and life insurance products.

4. Corporate & Other
- Pretax adjusted loss: $97 million
- Includes $10 million in severance and cloud transition costs
- Long Term Care earned $14 million
- Fixed Annuities posted a loss of $8 million

Balance Sheet and AUM
- Total assets under management, administration, and advisement: $1.49 trillion (up 3%)
- Cash and equivalents: $7.8 billion
- Long-term debt: $3.6 billion (up from $2.8 billion in December 2024)
- Total equity: $5.43 billion

CEO Commentary
Jim Cracchiolo stated that Ameriprise remains well-positioned through strong client relationships, consistent free cash flow, and solid capital deployment. The firm continues to invest in growth while returning capital through dividends and buybacks.
💬 🔗
Author
Global Finance News 04-25-25
Ameriprise Financial, Inc. announced that on February 28, 2025, it issued $750 million in 5.200% Senior Notes due 2035. The notes were sold under an underwriting agreement dated February 25, 2025, with Goldman Sachs & Co. LLC, Barclays Capital Inc., and Wells Fargo Securities, LLC, acting as representatives of the underwriters.

The issuance was conducted under Ameriprise Financial’s existing shelf registration statement filed with the SEC. Supporting documents, including the underwriting agreement, the form of the notes, and the legal opinion from Faegre Drinker Biddle & Reath LLP, were filed as exhibits in the company’s Form 8-K.
💬 🔗
Author
The Investor 02-28-25