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How to Buy Ameriprise Financial Stock

Ameriprise Financial Inc

Ameriprise Financial is a asset management company located in Minnesota, United States, which is part of the Financial Services sector, and is traded under the ticker AMP on the NYSE exchange.

Ameriprise Financial stock last closed at $440.97, up 1.57% from the previous day, and has increased 50.49% in one year. It has overperformed other stocks in the Asset Management industry by 0.49 percentage points. Ameriprise Financial stock is currently +49.15% from its 52-week low of $295.65, and -0.25% from its 52-week high of $442.09.

As of May 24, 2024, there are 99.32M shares of AMP outstanding. The market cap of AMP is $43.80B. In the past 24 hours, 295,596 AMP shares were traded.

How to Buy Ameriprise Financial Stock

Not sure how to invest in Ameriprise Financial stock? Here's how.
  1. Decide where to buy Ameriprise Financial stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Ameriprise Financial stock.
  2. Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your method of payment and add your details.
  4. Evaluate Ameriprise Financial stock: The Ameriprise Financial ticker symbol is AMP. Is Ameriprise Financial stock a good investment? Should you buy shares of AMP? How do AMP's underlying business fundamentals look? Do top analysts think Ameriprise Financial is a good buy? Why has AMP's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if AMP is a good stock to buy).
  5. Place your AMP trade: Decide if you will purchase AMP shares at the current market price or use a limit order to purchase AMP stock at a particular price.
  6. Get notifications regarding your investment in AMP: Create a watchlist to track your position in Ameriprise Financial shares.

Step 1: Decide where to buy Ameriprise Financial stock

You need a brokerage account to access the NYSE market and buy AMP stock.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen the right brokerage, it's time to fill out some personal details so you can invest in AMP stock today.

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  1. Submit your information by clicking the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have created your account on app for stock, your next step is to transfer the money for your investment:

Watch the tutorial below to see the process of depositing money into your brokerage account.

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Step 4: Evaluate Ameriprise Financial stock

Once you have chosen the best place to buy Ameriprise Financial stock, it's very important to analyze their stock before you buy, so you actually wrap your head around the risk as well as the upside.

Ameriprise Financial shares data

AMP Price
$440.97
1w %
1.58%
1y %
50.49%
5y %
201.23%
P/E
14.72x
P/B
8.98x
P/S
2.75x
PEG
1.14x
Revenue
$15.94B
Earnings
$3.13B
Fore. Rev. Growth
6.21%
Fore. Earn. Growth
12.97%
Market Cap
$43.80B
Next Earnings
Jul 24, 2024
Next Dividend
N/A

AMP Zen Score

WallStreetZen was created to help everyday investors do more in-depth fundamental analysis.

You can see all of the due diligence checks on AMP's stock page.

Is AMP stock undervalued or overvalued?

Analysts use a variety of different financial metrics, analyses, models, and charts to gauge AMP's true value.

Using relative valuations ratios:

  • AMP could be undervalued based on its P/E ratio of 14.72x, relative to Asset Management industry P/E ratio of 28.3x
  • AMP could be overvalued based on its P/B ratio of 8.98x, relative to Asset Management industry P/B ratio of 2.42x
  • AMP may be overvalued based on its PEG ratio of 1.14x

You can do more valuation analysis on AMP's stock here.

AMP Financials at a glance

Positive Health Checks:

  • AMP profit margin has gone up from 19.1% to 19.6% in the past year.
  • AMP earnings of $4.29B is not sufficient to cover its interest payments.
  • AMP's operating cash flow of $5.07B allows it to safely service it's debt of $5.72B.

Negative Health Checks:

  • AMP has a relatively high debt to equity ratio of 35.86.
  • Total AMP debt is higher than 5 years ago, relative to shareholder equity.

Do analysts think it's a good time to buy Ameriprise Financial stock

Out of 8 Equities analysts who give forecasts on AMP, the consensus analyst rating on AMP is a Buy

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent AMP Analyst Upgrades/Downgrades

John Barnidge, a top 9% analyst from Piper Sandler maintains AMP with a strong sell rating and raises their AMP price target from $360.00 to $392.00, on Apr 5, 2024.

Alexander Blostein, a top 8% analyst from Goldman Sachs maintains AMP with a strong buy rating and raises their AMP price target from $437.00 to $488.00, on Mar 27, 2024.

Brennan Hawken, a top 25% analyst from UBS maintains AMP with a strong buy rating and raises their AMP price target from $440.00 to $445.00, on Jan 25, 2024.

You can dig deeper into what analysts are forecasting on the Ameriprise Financial stock forecast page.

Metrics for Advanced AMP Traders

SMA10
435.71
SMA20
428.67
SMA50
426.04
SMA100
410.4
SMA200
376.02
MACD
4.86
MACD Signal
4.04
MACD Histogram
0.82
RSI
64.18
Stochastic %K
80.22
Stochastic %D
76.88
StochRSI %K
49.15
StochRSI %D
53.05

How is AMP performing as a company?

Last year, AMP earnings were $3.13B. In the past 5 year, AMP's earnings have increased by 17.68% per year. This was slower than the Asset Management industry average of 21.77%.

Last year, AMP revenue was $15.94B. In the last 5 year, AMP's revenue has gone up by 4.51% per year. This was slower than the Asset Management industry average of 22.32%.

Dig into AMP's earnings and revenue performance here.

Are AMP insiders buying or selling the stock?

Over the past 12 months, insiders at AMP have sold more shares than they have bought.

Robert Francis Sharpe Jr., Director of AMP, was the latest AMP insider to sell. They sold $657,100.50 worth of AMP shares on May 16, 2024.

Get more info about who owns AMP stock here.

Can I rely on AMP as an income stream?

Ameriprise Financial pays a dividend of 1.25%, compared to the Asset Management industry's average dividend yield of 6.69%. If you owned $1,000 of AMP stock, you would have received $12.54 in the past 12 months.

Ameriprise Financial dividend payments have consistently grown over the past decade and have remained stable.

Find more analysis about Ameriprise Financial dividend yield and history here.

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Step 5: Place your AMP trade

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at a particular price, use a limit order.

Hit the Open button and eToro will place your order.

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Step 6: Get notifications regarding your investment in AMP

Now that you own some shares in AMP, you'll want to stay up-to-date on your new investment.

Add AMP to a watchlist to keep tabs on your AMP stock.

AMP Feed

How to Buy Stock in Ameriprise Financial

To summarize, here are the 6 steps to buy stock in Ameriprise Financial:

  1. Decide where to buy Ameriprise Financial stock
  2. Open your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Ameriprise Financial stock
  5. Place your AMP trade
  6. Get notifications regarding your investment in AMP

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your new investment in Ameriprise Financial, create a watchlist today.

NYSE: AMP
$440.97+6.82 (+1.57%)
Updated May 24, 2024
Open eToro Account
NYSE: AMP
$440.97+6.82 (+1.57%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Ameriprise Financial share?

As of May 24, 2024, it costs $440.97 to buy one share of Ameriprise Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.227 shares of AMP.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Ameriprise Financial stock?

According to 8 Wall Street analysts who monitor Ameriprise Financial, their consensus recommendation is to buy Ameriprise Financial stock.

What is the best way to buy Ameriprise Financial stock?

One way to place an order for Ameriprise Financial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.