Ameriprise Financial Inc (AMP) Stock AnalysisAMPStock AnalysisAmeriprise Financial Inc

Ameriprise Financial, Inc. is a diversified financial services company. The Company’s segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through the Company’s advisors. The Asset Management segment provides investment management, advice and products to retail, high net worth and institutional clients on a global scale through the Columbia Threadneedle Investments brand. It provides institutional products and services through its institutional sales force. The Retirement & Protection Solutions segment includes retirement solutions (variable annuities and payout annuities) and protection solutions (life and disability income insurance). Retirement Solutions provides variable annuity products by RiverSource Life companies to individual clients. It operates in the Financials sector (INVESTMENT ADVICE industry).

Ameriprise Financial Inc (AMP) is a good buy right now due to its current price of $559.32, which is below the analyst target of $590 from Argus and $638 from Raymond James, indicating significant upside potential. The forward P/E ratio of 12.39 suggests that the stock is undervalued compared to its earnings potential. However, a risk to consider is the recent performance of the stock, which has seen a slight decline of 1.27% following its last earnings report, indicating some volatility.

11 analysts cover AMP: 6 rate it Buy, 5 Hold and 0 Sell. The average price target is 559.71.