AMP Stock Summary and Trading Ideas (Ameriprise Finl | NYSE:AMP)

Ameriprise Financial is a major player in the US market for asset and wealth management, with around $1.4 trillion in total assets under management and administration at the end of 2023. With about 10,000 advisors, Ameriprise has one of the largest branded advisor networks in the industry. About 80% of the company's revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and the exit of the sale of its proprietary fixed annuities in 2020.

Ameriprise Finl trades on the NYSE stock market under the symbol AMP.

As of April 18, 2024, AMP stock price climbed to $412.63 with 326,624 million shares trading.

AMP has a beta of 1.15, meaning it tends to be more sensitive to market movements. AMP has a correlation of 0.52 to the broad based SPY ETF.

AMP has a market cap of $41.35 billion. This is considered a Large Cap stock.

Last quarter Ameriprise Finl reported $4 billion in Revenue and $7.75 earnings per share. This beat revenue expectation by $112 million and exceeded earnings estimates by $.06.

In the last 3 years, AMP stock traded as high as $440.67 and as low as $219.99.

The top ETF exchange traded funds that AMP belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

AMP has outperformed the market in the last year with a return of +34.2%, while the SPY ETF gained +22.3%. In the last 3 month period, AMP beat the market returning +11.3%, while SPY returned +6.1%. However, in the most recent 2 weeks AMP has underperformed the stock market by returning -5.4%, while SPY returned -3.8%.

AMP support price is $406.74 and resistance is $416.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMP stock will trade within this expected range on the day.