Ameriprise Financial Intrinsic Stock Value – Ameriprise Financial, Forecasts $7.63 Earnings Per Share for Q1 2024
October 28, 2023
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Ameriprise Financial ($NYSE:AMP), Inc. is a leading global financial services firm providing financial planning, wealth management, asset management, and insurance services. The company’s stock has experienced a steady increase in value over the past few years and is now predicting an earnings per share of $7.63 for the first quarter of 2024. Analysts are optimistic about the company’s prospects and believe that its impressive growth will continue into the foreseeable future. With this positive forecast, many investors have already begun investing in the stock, hoping to make a profit from the company’s performance.
Earnings
Ameriprise Financial, Inc. has reported strong earnings for its Q2 FY2023 ending June 30 2021, recording total revenue of 3418.0M USD and net income of 591.0M USD. Compared to the previous year, there was a slight decrease in total revenue of 2.6%, and a much greater decrease in net income of 21.8%. However, over the past three years, total revenue for Ameriprise Financial has grown from 3418.0M USD to 3876.0M USD. This outlook indicates that the company is confident in their financial performance and is optimistic about their future growth.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ameriprise Financial. More…
| Total Revenues | Net Income | Net Margin |
| 14.78k | 2.43k | 16.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ameriprise Financial. More…
| Operations | Investing | Financing |
| 4.21k | -15.01k | 10.18k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ameriprise Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 169.78k | 165.7k | 39.69 |
Key Ratios Snapshot
Some of the financial key ratios for Ameriprise Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.9% | – | 22.3% |
| FCF Margin | ROE | ROA |
| 27.2% | 50.1% | 1.2% |
Market Price
The announcement was made amidst market fluctuations with the company’s stock opening at $310.4 and closing at $311.4 – a 0.3% decrease from the previous closing price of $312.2. This prediction marks a positive outlook for the company, and with the new forecast, Ameriprise Financial, Inc. seeks to ensure continued growth and success in the coming years. Live Quote…
Analysis – Ameriprise Financial Intrinsic Stock Value
At GoodWhale, we conducted an analysis of the fundamentals of AMERIPRISE FINANCIAL. Our proprietary Valuation Line was used to calculate the fair value of the AMERIPRISE FINANCIAL share, which was determined to be around $312.1. Currently, the stock is being traded at a fair price of $311.4. Our analysis suggests that investors can take advantage of this fair price to enter the stock position and potentially benefit from it. More…
Peers
Ameriprise Financial Inc. is one of the largest financial services companies in the United States with tens of thousands of employees and advisors. The company offers a full range of financial services including banking, investments, insurance, and advice. Ameriprise Financial Inc. has a large network of branches and ATMs across the United States. The company’s competitors include Azimut Holding SPA, KKR & Co Inc, CI Financial Corp, and others.
– Azimut Holding SPA ($OTCPK:AZIHY)
Azimut Holding SPA is a holding company for the Azimut Group, a financial services provider. The Group offers a wide range of services, including asset management, private banking, and insurance. As of 2022, the Group had a market capitalization of 2.89 billion euros and a return on equity of 40.25%. The Group’s products and services are available in more than 20 countries worldwide.
– KKR & Co Inc ($NYSE:KKR)
KKR & Co Inc is a New York City-based global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. The company had a market cap of $44.73B as of 2022 and a ROE of 4.34%. KKR’s portfolio includes some of the world’s leading companies, such as First Data, Dell Technologies, and Walgreens Boots Alliance. The company has a team of over 1,600 professionals operating in 28 countries.
– CI Financial Corp ($TSX:CIX)
CI Financial Corp is a diversified wealth management company that provides financial services to clients through its subsidiaries. The company has a market cap of 2.62B as of 2022 and a ROE of 28.09%. CI Financial’s subsidiaries include CI Investments, Assante Wealth Management, and CI Private Counsel. The company’s primary operations are in Canada, but it also has a presence in the United States, Europe, and Asia.
Summary
Ameriprise Financial, Inc. is expected to report strong first quarter earnings in 2024, with a forecast of $7.63 per share. This marks a significant increase from the same quarter in the prior year, and could be a sign of a strong performance for the company in the near future. Investors should be closely monitoring the company’s stock price to assess whether the current momentum will continue and whether it is the right time to invest in the company. Analysts will be keeping an eye on the company’s reports of revenue, expenses, and profits to get a better understanding of its financial health and current position.
Additionally, investors should be looking into any potential risks or opportunities that may arise for the company in the coming months. All of this data will help investors make more informed decisions when looking at Ameriprise Financial, Inc. as an investing option.
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