Assessing Whether Ameriprise Financial Inc (NYSE: AMP) Is Over- Or Undervalued

Ameriprise Financial Inc (AMP) concluded trading on Thursday at a closing price of $438.44, with 0.45 million shares of worth about $195.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.10% during that period and on March 28, 2024 the price saw a gain of about 0.56%. Currently the company’s common shares owned by public are about 100.17M shares, out of which, 99.92M shares are available for trading.

However, the stock later moved at a day high price of 440.60, or with a gain of 0.56%. Stock saw a price change of 0.62% in past 5 days and over the past one month there was a price change of 6.77%. Year-to-date (YTD), AMP shares are showing a performance of 15.43% which increased to 46.46% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $279.85 but also hit the highest price of $438.00 during that period. The average intraday trading volume for Ameriprise Financial Inc shares is 486.67K. The stock is currently trading 4.30% above its 20-day simple moving average (SMA20), while that difference is up 8.53% for SMA50 and it goes to 22.46% higher than SMA200.

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Ameriprise Financial Inc (NYSE: AMP) currently have 100.17M outstanding shares and institutions hold larger chunk of about 85.65% of that.

The stock has a current market capitalization of $43.93B and its 3Y-monthly beta is at 1.36. PE ratio of stock for trailing 12 months is 18.49, while it has posted earnings per share of $23.71 in the same period. Its PEG reads 1.05 while making debt-to-equity ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AMP, volatility over the week remained 1.23% while standing at 1.57% over the month.

Analysts are in expectations that Ameriprise Financial Inc (AMP) stock would likely to be making an EPS of $8.21 in the current quarter, while forecast for next quarter EPS is $8.48 and it is $37.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $7.89 which is $8.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $7.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.74% while it is estimated to increase by 8.85% in next year. EPS is likely to grow at an annualized rate of 17.60% for next 5-years, compared to annual growth of 10.79% made by the stock over the past 5-years.

Coverage by Evercore ISI stated Ameriprise Financial Inc (AMP) stock as an In-line in their note to investors on January 04, 2024, suggesting a price target of $400 for the stock. On January 03, 2024, Goldman Upgrade their recommendations, while on December 22, 2023, Morgan Stanley Resumed their ratings for the stock with a price target of $383. Stock get a Mkt perform rating from Keefe Bruyette on December 19, 2022.

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