Ameriprise Financial Inc.
(AMP:NYSE)
Snapshot of Ameriprise Financial Inc. (AMP)
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OPEN
$38.00
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PREVIOUS CLOSE
$37.57
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DAY HIGH
$38.55
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DAY LOW
$37.95
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52 WEEK HIGH
11/16/09 - $40.00
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52 WEEK LOW
11/24/08 - $13.17
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MARKET CAP
9.8B
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AVERAGE VOLUME 3 mo
2.6M
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DILUTED EPS TTM
$0.30
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SHARES OUTSTANDING
255.0M
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EX-DATE
10/29/09
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P/E TTM
126.3x
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DIVIDEND
$0.68
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DIVIDEND YIELD
1.77%
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| K = Thousands M = Millions B = Billions | ||
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AMP Details
Ameriprise Financial, Inc. provides financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through two segments, Asset Accumulation and Income, and Protection. The Asset Accumulation and Income segment offers own and other companies’ mutual funds, as well as own annuities and other asset accumulation and income management products and services to retail clients through financial advisor network. It also offers annuity products through outside channels, such as banks and broker-dealer networks. This segment also serves institutional clients in the separately managed account, subadvisory, and 401(k) markets. The Protection segment offers various life insurance, disability income, and brokered insurance products through financial advisor network. It also offers personal auto and home insurance products on a direct basis to retail clients principally through strategic marketing alliances. The company also operates Ameriprise Bank, FSB in Minneapolis and Phoenix, which offers a suite of products to meet clients' borrowing, cash management, and personal trust needs. The bank offers home lending program, including mortgages, home equity loans, and lines of credit through financial advisor network. The company was founded in 1894 under the name Investors Syndicate and changed its name to Investors Diversified Services, Inc. in 1949. It further changed its name to American Express Financial Corporation in 1994 and to Ameriprise Financial, Inc. in 2005. Ameriprise Financial is headquartered in Minneapolis, Minnesota. Ameriprise Financial Inc. (NYSE:AMP) operates independently of American Express Company as of September 30, 2005.
AMP Top Compensated Officers
Key developments for Ameriprise Financial Inc. (AMP)
The Board of Directors of Ameriprise Financial Inc. has declared a quarterly cash dividend of $0.17 per common share payable on November 16, 2009 to shareholders of record at the close of business on November 2, 2009.
Ameriprise Financial Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2009. The company reported net income of $260 million for the third quarter of 2009, compared to a net loss of $70 million for the third quarter of 2008. Earnings per share for the third quarter of 2009 were $1.00, compared to a loss of $0.32 a year ago. Core operating earnings were $268 million in the third quarter of 2009, compared to $251 million a year ago, a 7% increase. Core operating earnings per share declined to $1.03 in the third quarter of 2009 from $1.13 a year ago. Excluding 36 million shares the company issued to pre-fund its acquisition, core operating earnings per share were $1.19, up 5% from the prior year. Net revenues increased 20% to $2.0 billion in the third quarter of 2009, compared to $1.6 billion in the third quarter of 2008. Revenue growth reflects the year-over-year improvement in net investment income, primarily driven by net investment losses in the prior year. Pretax income was $340 million against loss of $176 million for the same period a year ago.
Ameriprise Financial Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 21, 2009).
BusinessWeek Rankings
Stock Quotes
| Recently Viewed | |||
| AMP | $38.31 USD | +0.74 |  |
|---|---|---|---|
| STJ | $35.01 USD | +0.69 |  |
| BKE | $27.90 USD | -0.17 |  |
| RSLCF | $0.00 USD | 0.00 |  |
| DDS | $16.42 USD | +0.76 |  |
Market data is delayed at least 20 minutes.
AMP Competitors
| Company | Last | Change |
| Allstate Corp | $29.37 USD | +0.25 |
| Hartford Financial Services Group Inc | $25.34 USD | +0.34 |
| Lincoln National Corp | $24.14 USD | +0.61 |
| Principal Financial Group Inc | $26.08 USD | +0.30 |
| View Industry Companies | ||
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | AMP | Industry Range |
| Price/Earnings | 75.7x |
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| Price/Sales | 1.4x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 82.6x |
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| TEV/Sales | 0.4x |
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AMP |
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AMP transactions
| Type Date |
Target |
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Merger/Acquisition
September 30, 2009 |
Columbia Management Group, LLC |
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