Docoh
Loading...

AMP Ameriprise Financial

Ameriprise Financial, Inc. operates as a holding company. The company provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through five segments: Advice & Wealth Management; Asset Management; Annuities; Protection; and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full service brokerage and banking services, primarily to retail clients through the company's financial advisors. The Asset Management segment provides investment advice and investment products to retail and institutional clients. It also provides products and services on a global scale through two complementary asset management businesses: Columbia Management and Threadneedle. The Columbia Management business primarily provides U.S. domestic products and services and Threadneedle primarily provides international investment products and services. Its international retail products are primarily provided through third-party financial institutions. The segments retail products include mutual funds and variable product funds underlying insurance and annuity separate accounts. The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to retail clients. The Protection segment offers a variety of protection products to address the protection and risk management needs of the company's retail clients, including life, DI, and property-casualty insurance. The Corporate & Other segment consists of net investment income on corporate level assets, including excess capital held in the company's subsidiaries and other unallocated equity and other revenues from various investments as well as unallocated corporate expenses. Ameriprise Financial was founded by John Tappan in 1894 and is headquartered in Minneapolis, MN.

Company profile

Ticker
AMP
Exchange
CEO
James Cracchiolo
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMERICAN EXPRESS FINANCIAL ADVISORS, AMERICAN EXPRESS FINANCIAL CORP, IDS FINANCIAL CORP/MN/
SEC CIK
IRS number
133180631
SEC advisor number
801-14721
Address
Ameriprise Financial
1099 AMERIPRISE FINANCIAL CENTER
MINNEAPOLIS
MN 55474
Phone
612-671-8001

AMP stock data

(
)

Investment data

Data from SEC filings
Top 50 of 3165 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
$11.14B 85.31M
$9.02B 38.27M
$6.63B 3.21M
$6.52B 53.41M
$6.03B 1.95M
$4.79B 23.35M
$3.43B 11.63M
$3.33B 43.77M
$3.27B 21.6M
$3.01B 18.3M
$2.93B 6.32M
$2.9B 4.86M
$2.81B 54.35M
$2.8B 51.74M
$2.43B 62.92M
$2.43B 10.98M
$2.39B 6.71M
$2.24B 7.34M
$2.23B 24.91M
$2.13B 4.48M
$2.06B 3.86M
$2.04B 9.63M
$1.96B 16.58M
$1.91B 30.25M
$1.84B 9.29M
$1.8B 17.14M
$1.76B 19.16M
$1.66B 23.18M
$1.65B 13.77M
$1.64B 27.63M
$1.64B 4.4M
$1.63B 18.4M
$1.6B 2.13M
$1.56B 8.35M
$1.55B 7.12M
$1.52B 3.84M
$1.5B 10.7M
$1.48B 10.89M
$1.46B 25.13M
$1.4B 22.87M
$1.38B 17.8M
$1.38B 22.35M
$1.37B 7.23M
$1.37B 10.27M
$1.37B 10.61M
$1.36B 24.93M
$1.34B 7.1M
$1.32B 5.42M
$1.26B 16.31M
$1.25B 7.56M
Holdings list only includes long positions. Only includes long positions.

Calendar

10 May 21
18 May 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.54B 7.54B 7.54B 7.54B 7.54B 7.54B
Cash burn (monthly) 455.67M 345.08M (positive/no burn) 2.25M 333.33M 105.83M
Cash used (since last report) 722.26M 546.98M n/a 3.57M 528.36M 167.75M
Cash remaining 6.81B 6.99B n/a 7.53B 7.01B 7.37B
Runway (months of cash) 15.0 20.3 n/a 3347.7 21.0 69.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Apr 21 Karen Wilson Thissen Common Stock Sell Dispose S No No 259.85 1,560 405.37K 11,657
29 Apr 21 Gerard P. Smyth Common Stock Sell Dispose S No No 259.6425 970 251.85K 10,387
29 Apr 21 Gerard P. Smyth Common Stock Payment of exercise Dispose F No No 256.62 2,612 670.29K 11,357
29 Apr 21 Gerard P. Smyth Common Stock Option exercise Aquire M No No 128.76 3,582 461.22K 13,969
29 Apr 21 Gerard P. Smyth Employee Stock Option Common Stock Option exercise Dispose M No No 128.76 3,582 461.22K 0
29 Apr 21 Woerner John Robert Common Stock Sell Dispose S No No 260 6,263 1.63M 27,316
29 Apr 21 Woerner John Robert Common Stock Sell Dispose S No No 257.7564 7,693 1.98M 33,579
29 Apr 21 Woerner John Robert Common Stock Payment of exercise Dispose F No No 260 16,546 4.3M 41,272
29 Apr 21 Woerner John Robert Common Stock Option exercise Aquire M No No 128.76 22,809 2.94M 57,818
29 Apr 21 Woerner John Robert Employee Stock Option Common Stock Option exercise Dispose M No No 128.76 22,809 2.94M 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

83.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 817 743 +10.0%
Opened positions 136 79 +72.2%
Closed positions 62 64 -3.1%
Increased positions 222 214 +3.7%
Reduced positions 307 283 +8.5%
13F shares
Current Prev Q Change
Total value 18.72B 15.51B +20.7%
Total shares 96.36M 97.72M -1.4%
Total puts 136.3K 262.9K -48.2%
Total calls 152K 185.3K -18.0%
Total put/call ratio 0.9 1.4 -36.8%
Largest owners
Shares Value Change
Vanguard 13.72M $2.67B -3.0%
BLK Blackrock 8.74M $1.7B -2.7%
STT State Street 5.3M $1.03B -2.7%
Aristotle Capital Management 4.99M $968.85M +2.3%
JPM JPMorgan Chase & Co. 4.29M $833.32M -4.2%
LSV Asset Management 2.48M $481.05M -6.7%
Geode Capital Management 2.2M $426.65M -4.3%
UBS UBS Group AG - Registered Shares 2.18M $423.48M -1.4%
Ubs Global Asset Management Americas 2.09M $405.64M +3.1%
Boston Partners 1.93M $375.57M +0.3%
Largest transactions
Shares Bought/sold Change
Norges Bank 1.35M +1.35M NEW
American Century Companies 1.66M -661.68K -28.5%
MNGPF Man 114.5K -636.62K -84.8%
BK Bank Of New York Mellon 1.76M +453.52K +34.8%
Vanguard 13.72M -425.36K -3.0%
Aqr Capital Management 396.61K -283.79K -41.7%
BLK Blackrock 8.74M -243.27K -2.7%
CNNG Conning 207.31K +205.31K +10301.8%
O'shaughnessy Asset Management 459.67K -203.1K -30.6%
Millennium Management 338.98K +198.84K +141.9%

Financial report summary

?
Risks
  • The COVID-19 pandemic creates significant risks and uncertainties for our business.
  • Our financial condition and results of operations may be adversely affected by market fluctuations and by economic, political and other factors.
  • Changes in interest rates and prolonged periods of low interest rates and even negative interest rates may adversely affect our financial condition and results of operations.
  • Adverse capital and credit market conditions or a downgrade in our credit ratings may significantly affect our ability to meet liquidity needs, our access to capital and our cost of capital.
  • Intense competition and the economics of changes in our product revenue mix and distribution channels could negatively impact our ability to maintain or increase our market share and profitability.
  • A drop in our investment performance as compared to that of our competitors could negatively impact our revenues and profitability.
  • We face intense competition in attracting and retaining key talent.
  • The impairment, negative performance or default by other financial institutions or other third parties could adversely affect us.
  • We may not be able to maintain our unaffiliated third-party distribution channels and the sale of unaffiliated products may diminish sales of our own products.
  • Our valuation of fixed maturity and equity securities may include methodologies, estimations and assumptions which are subject to differing interpretations and could result in changes to investment valuations that may materially adversely impact our results of operations or financial condition.
  • The determination of the amount of allowances taken on certain loans and investments is subject to management’s evaluation and judgment and could materially impact our results of operations or financial position.
  • Some of our investments are relatively illiquid.
  • The elimination of LIBOR may adversely affect the interest rates on, and value of, certain derivatives and floating rate securities we hold, the activities we conduct, and any other assets or liabilities, the value of which is tied to LIBOR.
  • The failure of other insurers could require us to pay higher assessments to state insurance guaranty funds.
  • If the counterparties to our reinsurance arrangements default or otherwise fail to fulfill their obligations, we may be exposed to risks we had sought to mitigate, which could adversely affect our financial condition and results of operations.
  • If our reserves for future policy benefits and claims or for future certificate redemptions and maturities are inadequate, we may be required to increase our reserve liabilities, which would adversely affect our results of operations and financial condition.
  • Our insurance profitability relies on our assumptions including those regarding morbidity rates, mortality rates and benefit utilization as well as the future persistency of our insurance policies and annuity contracts.
  • A failure to protect our reputation could adversely affect our businesses.
  • Our operational systems and networks (as well as those of our franchise advisors) are subject to evolving cybersecurity or other technological risks, which could result in the disclosure of confidential information, loss of our proprietary information, damage to our reputation, additional costs to us, regulatory penalties and other adverse impacts.
  • Protection from system interruptions and operating errors is important to our business. If we experience a sustained interruption to our telecommunications or data processing systems, or other failure in operational execution, it could harm our business.
  • Risk management policies and procedures may not be fully effective in identifying or mitigating risk exposure in all market environments, new products, vendors, or against all types of risk, including employee and financial advisor misconduct.
  • As a holding company, we depend on the ability of our subsidiaries to transfer funds to us to pay dividends and to meet our obligations.
  • The operation of our business in foreign markets and our investments in non-U.S. denominated securities and investment products subjects us to exchange rate and other risks in connection with international operations and earnings and income generated overseas.
  • The occurrence of natural or man-made disasters and catastrophes could adversely affect our results of operations and financial condition.
  • Legal and regulatory actions are inherent in our businesses and could result in financial losses or harm our businesses.
  • Our businesses are regulated heavily, and changes to the laws and regulations applicable to our businesses may have an adverse effect on our operations, reputation and financial condition.
  • As a Savings and Loan Holding Company, we are subject to supervision by the FRB and various prudential standards that may limit our activities and strategies.
  • Changes in corporate tax laws and regulations and changes in the interpretation of such laws and regulations, as well as adverse determinations regarding the application of such laws and regulations, could adversely affect our earnings and could make some of our products less attractive to clients.
  • We may not be able to protect our intellectual property and may be subject to infringement claims.
  • Changes in and the adoption of accounting standards could have a material impact on our financial statements
Management Discussion
  • NM  Not Meaningful.
  • •The unfavorable impact of unlocking and LTC loss recognition was $454 million for the year ended December 31, 2020 compared to $16 million for the prior year.
  • •A negative impact of $384 million in the Advice & Wealth Management segment from lower short-term interest rates.
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: America, attracting, BMO, brought, compete, country, deeply, downgrade, EAFE, enhanced, functionality, IA, illiquidity, inadequate, infringe, lead, ledger, lessening, Lipper, maximize, Midcap, MSCI, North, notification, occurrence, owe, passporting, prudential, redeemed, Russell, securitized, SSFA, stronger, Supervisory, talent, thoughtfully, tighter, undergoing, undiscounted, unfunded, unpredictability
Removed: AAH, absorb, acceptance, accreted, accretion, actuarial, adequacy, amend, amendment, analyst, anniversary, assured, attempt, attribute, auto, British, callable, capacity, carryforward, central, Certified, charge, classify, climate, coincide, collection, commencing, commonly, comparability, concessionary, confidence, confidentiality, constraint, COVID, cybersecurity, deal, debtor, deducted, demand, depend, derive, development, disposition, doubtful, earlier, earliest, effectively, entitled, estimation, expectation, experiencing, fact, failure, fiduciary, foreclosed, fulfill, fundamental, geographic, globally, heighten, historical, improper, improve, inclination, indemnification, intent, intraperiod, joint, Labor, launching, leasing, lifetime, light, location, lt, LTV, magnitude, manner, modification, NOLHGA, nonaccrual, Nonrefundable, occupancy, originated, outbreak, outlook, package, parenthetically, periodic, pertaining, pertinent, pervasive, Planner, Pound, preset, pressure, privacy, prospect, published, pursuing, quo, reach, reaching, recoverability, recoverable, reducing, regulation, reinsurer, remote, reversed, safeguard, safety, schedule, section, seek, shorten, speed, spot, spurred, stranded, Street, subjective, substance, successfully, supportable, susceptible, threatened, Top, transitionary, transparency, UK, unamortized, uncollectible, unrelated, virtual, Wall, wider, widespread, withdrew, worsen