AMERIPRISE FINANCIAL, INC.

(AMP)
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Delayed Nyse  -  03:58 2022-07-06 pm EDT
233.56 USD   -0.74%
12:36pUBS Lowers Ameriprise Financial's Price Target to $320 From $350, Maintains Buy Rating
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10:43aEvercore ISI Trims Ameriprise Financial's Price Target to $320 From $364, Keeps Outperform Rating
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10:13aMorgan Stanley Lowers Ameriprise Financial's Price Target to $255 From $330, Maintains Equalweight Rating
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Ameriprise Financial Announces Additional $3 Billion Share Repurchase Authorization; Declares Regular Quarterly Dividend

01/26/2022 | 04:10pm EDT

The Board of Directors of Ameriprise Financial, Inc. (NYSE: AMP) has authorized an additional $3 billion for the repurchase of shares of its common stock through March 31, 2024. As of January 25, 2022, the company had approximately $352 million available from its August 2020 authorization, which is available through September 30, 2022.

The company intends to fund share repurchases through existing working capital, future earnings and other customary financing methods. The share repurchase program does not require the purchase of any minimum number of shares, and depending on market conditions and other factors, these purchases may be commenced or suspended at any time without prior notice. Acquisitions under the share repurchase program may be made in the open market, through privately negotiated transactions or block trades or other means.

In addition, the Board of Directors declared a quarterly cash dividend of $1.13 per common share payable on February 28, 2022 to shareholders of record at the close of business on February 11, 2022.

This news release contains certain forward-looking statements regarding the timing and manner of, and the sources of funding for, the company’s purchase of shares pursuant to the share repurchase program. Such statements reflect management’s plans, estimates and beliefs, and are subject to risks and uncertainties, which could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this release, which speak only as of the date hereof. We undertake no obligation to update publicly or revise such forward-looking statements.

At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With a nationwide network of more than 10,000 financial advisors and extensive asset management, advisory and insurance capabilities, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs. For more information, visit ameriprise.com.

© 2022 Ameriprise Financial, Inc. All rights reserved.


© Business Wire 2022
All news about AMERIPRISE FINANCIAL, INC.
12:36pUBS Lowers Ameriprise Financial's Price Target to $320 From $350, Maintains Buy Rating
MT
10:43aEvercore ISI Trims Ameriprise Financial's Price Target to $320 From $364, Keeps Outperf..
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Financials (USD)
Sales 2022 14 090 M - -
Net income 2022 2 789 M - -
Net Debt 2022 - - -
P/E ratio 2022 9,34x
Yield 2022 2,08%
Capitalization 25 862 M 25 862 M -
Capi. / Sales 2022 1,84x
Capi. / Sales 2023 1,75x
Nbr of Employees 12 000
Free-Float 32,7%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 235,31 $
Average target price 304,18 $
Spread / Average Target 29,3%
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Managers and Directors
James Michael Cracchiolo Chairman & Chief Executive Officer
Walter Stanley Berman Executive VP, Chief Financial & Risk Officer
Gerard Smyth Executive Vice President-Technology
Charles Neal Maglaque COO & President-Business Development
Robert F. Sharpe Independent Director
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