Ameriprise Financial
AMP on NYSE. Ameriprise Financial sells financial advice and products to individuals and institutions. Market value $43.7bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
What to watch out for
See cheaper Financial services stocks on the list
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 62 cents. Above 10 is good.
What you pay for each dollar of net assets: $6.89.
Profit per $100 you pay: $9.00.
Quality score: 72 of 100. Price score: 50 of 100. Our list needs 70 on quality and 60 on price.
$496.61 a share, 18% above its 1-year low
Over the past year the price has ranged from $422.37 to $572.56.
Dividend: 1.4% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $13.4bn | $14.3bn | $16.1bn | $17.9bn | $18.9bn |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.11bn | 0.10bn | 0.10bn | 0.09bn | 0.09bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsSlow, 9.6% a year
- Buying back its own sharesYes, 17% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $5 billion last quarter, up 12% on a year ago.
- Profit: $1.1 billion, about the same as a year ago.
- Spare cash over the past 12 months: $8.1 billion, up from $6.7 billion.
- 6% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $4.6bn |
| December 2024 | $4.6bn |
| March 2025 | $4.5bn |
| June 2025 | $4.5bn |
| September 2025 | $4.9bn |
| December 2025 | $5.0bn |
| March 2026 | $4.9bn |
| June 2026 | $5.0bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $511m |
| December 2024 | $1.1bn |
| March 2025 | $583m |
| June 2025 | $1.1bn |
| September 2025 | $912m |
| December 2025 | $1.0bn |
| March 2026 | $915m |
| June 2026 | $1.1bn |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 29 October 2026
- Last annual report (10-K)
- 19 February 2026
- Next quarterly (estimated, 10-Q)
- 3 November 2026
Who owns it
14 long-term investors we follow own it, up from 13 last quarter. 1,385 funds in all.
- Boyar Asset ManagementMark Boyar
- Value
- $9m
- Share of fund
- 5.2%
- GAMCO InvestorsMario Gabelli
- Value
- $4m
- Share of fund
- <0.1%
- Auxier Asset ManagementJeff Auxier
- Value
- $2m
- Share of fund
- 0.3%
- Dodge & CoxDodge & Cox investment committee
- Value
- $688,140
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Aristotle Capital ManagementHoward Gleicher | $956m | 2.0% | Cut |
| Boston PartnersBoston Partners team | $547m | 0.5% | Added |
| Lyrical Asset ManagementAndrew Wellington | $299m | 3.8% | Cut |
| Beutel GoodmanBeutel Goodman team | $255m | 1.9% | Cut |
| LSV Asset ManagementJosef Lakonishok | $215m | 0.4% | Added |
| Mairs & PowerAndy Adams | $98m | 0.9% | Added |
| Boyar Asset ManagementMark Boyar | $9m | 5.2% | |
| First Manhattan Co.First Manhattan partners | $7m | <0.1% | Cut |
| GMOJeremy Grantham | $5m | <0.1% | Added |
| GAMCO InvestorsMario Gabelli | $4m | <0.1% | |
| Auxier Asset ManagementJeff Auxier | $2m | 0.3% | |
| Miller Value PartnersBill Miller IV | $2m | 0.5% | New |
| Gotham Asset ManagementJoel Greenblatt | $1m | <0.1% | Cut |
| Dodge & CoxDodge & Cox investment committee | $688,140 | <0.1% |
Largest holders overall
- BlackRock$3.6bnCut
- Vanguard Capital Management$2.7bn
- Vanguard Portfolio Management$2.4bn
- State Street$2.1bn
- Geode Capital Management$1.3bnCut
- Aristotle Capital Management$956mCut
- Banque Cantonale Vaudoise$803mCut
- Morgan Stanley$800mCut
- Goldman Sachs Group$754mAdded
- Nuveen$684m
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor8.2%−1.2 ptsSince 30 June 2026
- Vanguard Capital ManagementPassive investor7.5%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.8%Since 31 March 2026
- STATE STREET CORPORATIONPassive investor5.1%Since 31 March 2026
- JPMORGAN CHASE & CO.Passive investorSold down below 5%Since 31 October 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 8.2%−1.2 pts | 30 June 2026 | |
Vanguard Capital Management Passive investor | 7.5% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.8% | 31 March 2026 | |
STATE STREET CORPORATION Passive investor | 5.1% | 31 March 2026 | |
JPMORGAN CHASE & CO. Passive investor | Sold down below 5% | 31 October 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 9 sold $66m.
- Brockman Dawn M.SVP AND CONTROLLERSold
- Date
- 10 August 2026
- Shares
- 472
- Price
- $558.93
- Value
- $263,815
- McGraw Deirdre DaveyEVP Mktg, Strat. & Comms.Sold
- Date
- 6 August 2026
- Shares
- 2,400
- Price
- $558.28
- Value
- $1m
- Berman Walter StanleyEXECUTIVE VP AND CFOSold
- Date
- 28 July 2026
- Shares
- 11,012
- Price
- $548.95
- Value
- $6m
- CRACCHIOLO JAMES MCHAIRMAN AND CEO, DirectorSold
- Date
- 28 July 2026
- Shares
- 18,020
- Price
- $545.43
- Value
- $10m
- Williams William JerrylPres, Wealth Mgmt Advisor GrpSold
- Date
- 28 July 2026
- Shares
- 8,210
- Price
- $539.35
- Value
- $4m
- Williams William JerrylPres, Wealth Mgmt Advisor GrpSold
- Date
- 27 July 2026
- Shares
- 7,894
- Price
- $537.08
- Value
- $4m
- Smyth Gerard P.EVP & Hd. of Tech. & Serv. DelSold
- Date
- 14 May 2026
- Shares
- 6,255
- Price
- $472.52
- Value
- $3m
- Sharpe Robert Francis JRDirectorSold
- Date
- 8 May 2026
- Shares
- 1,200
- Price
- $465.83
- Value
- $558,996
- TRUSCOTT WILLIAM FCEO, GLOBAL ASSET MANAGEMENTSold
- Date
- 10 February 2026
- Shares
- 5,000
- Price
- $532.08
- Value
- $3m
- Alvero GumerPRESIDENT-INSURANCE&ANNUITIESSold
- Date
- 9 February 2026
- Shares
- 4,658
- Price
- $542.88
- Value
- $3m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 10 August 2026 | Brockman Dawn M. SVP AND CONTROLLER | Sold | 472 | $558.93 | $263,815 |
| 6 August 2026 | McGraw Deirdre Davey EVP Mktg, Strat. & Comms. | Sold | 2,400 | $558.28 | $1m |
| 28 July 2026 | Berman Walter Stanley EXECUTIVE VP AND CFO | Sold | 11,012 | $548.95 | $6m |
| 28 July 2026 | CRACCHIOLO JAMES M CHAIRMAN AND CEO, Director | Sold | 18,020 | $545.43 | $10m |
| 28 July 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Sold | 8,210 | $539.35 | $4m |
| 27 July 2026 | Williams William Jerryl Pres, Wealth Mgmt Advisor Grp | Sold | 7,894 | $537.08 | $4m |
| 14 May 2026 | Smyth Gerard P. EVP & Hd. of Tech. & Serv. Del | Sold | 6,255 | $472.52 | $3m |
| 8 May 2026 | Sharpe Robert Francis JR Director | Sold | 1,200 | $465.83 | $558,996 |
| 10 February 2026 | TRUSCOTT WILLIAM F CEO, GLOBAL ASSET MANAGEMENT | Sold | 5,000 | $532.08 | $3m |
| 9 February 2026 | Alvero Gumer PRESIDENT-INSURANCE&ANNUITIES | Sold | 4,658 | $542.88 | $3m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 19 Feb 2026, plus the 10-Q filed 4 Aug 2026 and 5 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.