Ameriprise Financial Intrinsic Value – Ameriprise Financial Gains Father-Son Duo with $300M in Assets
April 19, 2023
Trending News ☀️
Ameriprise Financial ($NYSE:AMP), a leading provider of financial services, has recently gained the trust of a father-son duo, who have a combined asset total of $300 million. This father-son duo have decided that Ameriprise is the best choice for their financial needs, and have decided to join their branch office network. Ameriprise Financial, Inc. is a publicly-traded international financial services company that provides asset management, wealth management, and insurance services to clients all around the world. With $300 million in assets and personal wealth, the father-son duo could have chosen any company for their financial needs.
However, they chose Ameriprise to handle their investments and provide advice on the best course of action for their financial future. This is a major victory for Ameriprise, as it shows that they are still one of the top names in finance. With this additional client base, Ameriprise will be able to further solidify its standing as a premier provider of financial services. This father-son duo will be able to rest easy knowing that their investments are in good hands with Ameriprise. The trust that this father-son duo has placed in Ameriprise speaks volumes about the quality of the services they provide.
Share Price
Ameriprise Financial is the recipient of a father-son duo with a combined $300 million in assets. The news of the transfer of assets comes on the heels of Ameriprise Financial’s stock opening at $307.5 on Monday and closing at $311.6, up by 0.7% from its prior closing price of $309.4. This gain indicates that the financial services company is continuing to draw in more high-value clients. Live Quote…
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 |
| 14.27k | 2.56k | 17.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ameriprise Financial. More…
| Operations | Investing | Financing |
| 4.41k | -13.58k | 8.43k |
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 |
| 158.47k | 154.85k | 34.32 |
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 |
| 3.8% | – | 23.7% |
| FCF Margin | ROE | ROA |
| 29.6% | 61.5% | 1.3% |
Analysis – Ameriprise Financial Intrinsic Value
At GoodWhale, we have analyzed the financials of AMERIPRISE FINANCIAL and have come up with a valuation of the company. Our proprietary Valuation Line calculates the intrinsic value of AMERIPRISE FINANCIAL’s share to be around $284.4. As of now, the stock is trading at $311.6, which is a fair price that is overvalued by 9.6%. We recommend investors to closely monitor the stock and consider investing only if the price drops to its intrinsic value. More…
Peers
Ameriprise Financial Inc. is one of the largest financial services companies in the United States with tens of thousands of employees and advisors. The company offers a full range of financial services including banking, investments, insurance, and advice. Ameriprise Financial Inc. has a large network of branches and ATMs across the United States. The company’s competitors include Azimut Holding SPA, KKR & Co Inc, CI Financial Corp, and others.
– Azimut Holding SPA ($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 recently welcomed a father-son team to their branch channel with $300M in assets. This team of investors brings an additional level of expertise and resources to Ameriprise, enabling the company to offer more comprehensive investing strategies to their clients. The team specializes in creating custom portfolios to meet the individual needs of each client, utilizing the latest research and technology.
They also provide advice on retirement planning and tax mitigation strategies. By diversifying their services and expanding their client base, Ameriprise Financial continues to be a leader in the financial services industry.
