Ameriprise Financial Inc (AMP) |
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Price: $424.3600
$4.87
1.161%
|
Day's High:
| $422.5
| Week Perf:
| 2.75 %
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Day's Low: |
$ 418.47 |
30 Day Perf: |
6.67 % |
Volume (M): |
15 |
52 Wk High: |
$ 422.50 |
Volume (M$): |
$ 6,188 |
52 Wk Avg: |
$343.02 |
Open: |
$410.39 |
52 Wk Low: |
$279.85 |
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Market Capitalization (Millions $) |
45,460 |
Shares
Outstanding (Millions) |
107 |
Employees |
12,000 |
Revenues (TTM) (Millions $) |
15,601 |
Net Income (TTM) (Millions $) |
2,673 |
Cash Flow (TTM) (Millions $) |
-1,624 |
Capital Exp. (TTM) (Millions $) |
190 |
Ameriprise Financial Inc
We are a leading financial planning and financial services firm, with a network
of more than 12,000 financial advisors and registered representatives, over 2.7'
million clients. Our goal is to provide clients with comprehensive solutions to
meet their asset accumulation, income management and protection needs, through
a tailored approach built on a long-term personal financial planning relationship
and an interest in our clients evolving needs. The solutions we provide include
our own asset management, annuity, banking, brokerage and protection products
and services, developed to meet our clients needs, as well as other companies
products. We believe our focus on comprehensive and ongoing financial planning
puts us in a strong position to meet the demands of the underserved and growing
mass affluent market, particularly as increasing numbers of them prepare for retirement.
We strive to deliver financial solutions to our clients through a tailored
approach focused on building a long-term personal relationship through financial
planning that is responsive to our clients evolving needs. The financial solutions
we offer include both our own products and services and products of other companies.
We believe that our focus on personal relationships with our clients, together
with our strengths in financial planning and product development, puts us in
a strong position to capitalize on significant demographic and market trends.
We believe these trends will continue to drive increased demand for financial
planning and the other financial services we provide, particularly among our
target mass affluent market.
Our nationwide network of financial advisors and registered representatives
is the means by which we develop personal relationships with our clients. Our
branded advisor network'the financial advisors who operate under our brand name
(numbering more than 10,500 at June'30, 2005)'is also the primary distribution
channel through which we offer our asset accumulation and income management
products and services, as well as our range of protection products. We believe
that the integration of our advisors and the financial solutions we offer through
our financial planning model enables us to better meet our clients needs, which
results in more satisfied clients with deeper, longer lasting relationships
with our company and increased retention of experienced advisors. This also
allows us to reinvest in enhanced services for our clients and support for our
advisors.
We have two main operating segments aligned with the financial solutions we
offer to address our clients identified needs:
' Asset Accumulation and Income, and
' Protection.
Our asset accumulation and income business offers our own and other companies
mutual funds, as well as our own annuities and other asset accumulation and
income management products and services o retail clients through our advisor
network. We also offer our annuity products through outside channels, such as
banks and broker-dealer networks. This operating segment also serves institutional
clients in the separately managed account, sub-advisory and 401(k) markets,
among others. We earn revenues in our asset accumulation and income segment
primarily through fees we receive on assets we manage, the net investment income
we earn on assets on our balance sheet related to this segment and distribution
fees we earn on sales of mutual funds and other products. In our protection
segment, we offer various life insurance, disability income and long-term care
insurance products through our advisor network. We also offer personal auto
and home insurance products on a direct basis to retail clients principally
through our strategic marketing alliances. We earn revenue in this operating
segment primarily through premiums and fees we receive to assume insurance-related
risk and net investment income we earn on assets on our balance sheet related
to this segment.
We also have a corporate and other segment, which consists of income derived
from corporate level assets and unallocated corporate expenses, as well as the
results of our subsidiary, Securities America Financial Corporation, which operates
its own independent, separately branded distribution platform. Its over 1,500
registered representatives are part of our nationwide network of over 12,000
financial advisors and registered representatives. We also include costs associated
with the separation and distribution in our corporate and other segment.
Our businesses operate in intensely competitive industry segments. We compete
based on a number of factors including name recognition, service, the quality
of investment advice, investment performance, product features, price, perceived
financial strength, and claims-paying and credit ratings. Our competitors include
broker-dealers, financial advisors, asset managers, insurers and other financial
institutions. Many of our businesses face competitors that have greater market
share, offer a broader range of products, have greater financial resources,
offer higher claims-paying or have higher credit ratings than we do.
Company Address: 1099 Ameriprise Financial Center Minneapolis 55474 MN
Company Phone Number: 671-3131 Stock Exchange / Ticker: NYSE AMP
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Customers Net Income grew by |
AMP's Customers Net Profit Margin grew to |
9.47 % |
48.25 %
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Stock Performances by Major Competitors |
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Product Service News
Published Mon, Mar 18 2024 6:08 PM UTC
MINNEAPOLIS - Ameriprise Financial (NYSE: AMP), a leading financial services company, has been awarded the Bank Insurance and Securities Association (BISA) Technology and Innovation Award for its exclusive eMeeting capability. This cutting-edge technology allows financial advisors to simplify and enhance their meeting preparation process.Ameriprise's eMeeting platform enable...
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Product Service News
Published Tue, Mar 12 2024 1:00 PM UTC
Ameriprise Financial, a leading financial services company, has been named an Institutional Financial Advisor of the National Football League Players Association (NFLPA), the official union of professional football players. This partnership aims to provide current and retired NFL players with comprehensive financial advice and support, helping them achieve their financial g...
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Management Changes
Published Wed, Feb 28 2024 4:08 PM UTC
In a strategic move to bolster its advisor-client experience and practice management, Ameriprise Financial, Inc. (NYSE: AMP) has successfully attracted esteemed financial advisors, Jim Guthrie CFP, CRPC, MBA, and Stephen Rouner, along with their Registered Client Service Associate, Nick Vanderlinda. With an impressive $320 million in client assets, the advisor team...
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Management Changes
Published Wed, Feb 14 2024 8:22 PM UTC
Forbes Recognizes 156 Ameriprise Financial Advisors for Excellence in the Prestigious Top Women Wealth Advisors Best-In-State List MINNEAPOLIS - Ameriprise Financial Inc. (NYSE: AMP) proudly announces that 156 of their esteemed financial advisors have been recognized by Forbes in the highly coveted Top Women Wealth Advisors Best-In-State list. This achievement highlights...
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Product Service News
Published Mon, Feb 12 2024 6:13 PM UTC
Ameriprise Financial Donates Over $16.5 Million to Support Basic Needs in 2023, While Offering Practical Financial Tips to MillionairesMINNEAPOLIS - Ameriprise Financial, Inc. (NYSE: AMP) demonstrated its commitment to helping individuals in need by donating more than $16.5 million in 2023 through a combination of corporate grants, individual donations, and gift matching. Th...
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Per Share |
Current |
Earnings (TTM) |
24.69 $ |
Revenues (TTM) |
145.63 $
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Cash Flow (TTM) |
- |
Cash |
65.44 $
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Book Value |
35.71 $
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Dividend (TTM) |
4.99 $ |
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Per Share |
|
Earnings (TTM) |
24.69 $
|
Revenues (TTM) |
145.63 $ |
Cash Flow (TTM) |
- |
Cash |
65.44 $
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Book Value |
35.71 $ |
Dividend (TTM) |
4.99 $ |
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Asset Accumulation |
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Segment |
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of total Revenue |
Protection |
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Segment |
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of total Revenue |
Corporate |
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Segment |
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of total Revenue |
Annuities |
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Segment |
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of total Revenue |
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Ameriprise Financial Inc's Operating Statistics
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Fixed Income (Assets under Mgmt. In millions $) |
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