Ameriprise Financial provides various financial products and services to individual and institutional clients in the United States and internationally. The companys Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services primarily to retail clients through its advisors. Its Asset Management segment offers investment advice and investment products to retail, high net worth, and institutional clients through unaffiliated third party financial institutions and institutional sales force. The company was founded in 1894 and is based in Minneapolis, Minnesota.
AMP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Ameriprise Financial Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ameriprise Financial Inc ranked in the 85th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Ameriprise Financial Inc ended up being:
The compound growth rate in the free cash flow of Ameriprise Financial Inc over the past 5.52 years is 0.24%; that's better than 69.48% of cash flow producing equities in the Financial Services sector, where it is classified.
Ameriprise Financial Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 6.39. This coverage rate is greater than that of 67.4% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
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Ameriprise Financial, Inc. (AMP) Q2 2020 Earnings Conference Call July 30, 2020 09:00 AM ET Company Participants Alicia Charity - Investor Relations Jim Cracchiolo - Chairman and Chief Executive Officer Walter Berman - Chief Financial Officer Conference Call Participants Erik Bass - Autonomous Research Suneet Kamath - Citi from Humphrey...
MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has declared a quarterly cash dividend of $1.04 per common share payable on August 21, 2020 to shareholders of record as of August 10, 2020. About Ameriprise Financial At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,
MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial, Inc. (NYSE: AMP): Earnings Per Diluted Share Return on Equity, ex. AOCI (1) Q2 2020 Q2 2020 GAAP ($4.31) GAAP 41.7% Adjusted Operating $2.64 Adjusted Operating 35.6% Second quarter adjusted operating earnings per diluted share was $2.64 and was negatively impacted by $1.14 per diluted share from the reversal of a tax benefit in the first quarter and $0.76 per diluted share from the Federal Reserve rate cuts in March. Excluding these