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Ameriprise Financial (AMP)

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

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
Subsidiaries
Ameriprise Certificate Company • AMPF Holding Corporation • American Enterprise Investment Services Inc. • Ameriprise Financial Services, LLC. • Columbia Management Investment Advisers, LLC • RiverSource Life Insurance Company • RiverSource Life Insurance Co. ...
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 3168 long holdings
End of quarter 30 Jun 22
Value
 
#Shares
 
$10.77B 96.1M
$9.41B 36.68M
$7.09B 52M
$6.6B 3.03M
$4.48B 24.46M
$3.79B 35.72M
$3.47B 19.55M
$3.31B 48.38M
$2.62B 5.4M
$2.54B 22.57M
$2.53B 4.93M
$2.38B 35.17M
$2.36B 7.28M
$2.33B 5.47M
$2.2B 15.18M
$2.18B 29.51M
$2.13B 14.79M
$2.08B 48.84M
$2.06B 7.52M
$1.98B 12.95M
$1.93B 25.08M
$1.93B 61.98M
$1.91B 9.72M
$1.89B 8.88M
$1.87B 47.67M
$1.81B 9.94M
$1.77B 20.65M
$1.74B 4.77M
$1.71B 5.46M
$1.68B 26.77M
$1.67B 31.63M
$1.64B 35.74M
$1.64B 15.06M
$1.62B 17.77M
$1.58B 23.51M
$1.56B 30.13M
$1.54B 39.33M
$1.48B 15.44M
$1.45B 15.69M
$1.43B 19.95M
$1.43B 2.96M
$1.4B 27.66M
$1.39B 8.97M
$1.32B 10.37M
$1.31B 8.68M
$1.29B 17M
$1.29B 4.56M
$1.28B 8.76M
$1.27B 3.36M
$1.26B 7.81M
Holdings list only includes long positions. Only includes long positions.

Calendar

1 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
27 Jul 22 Williams Christopher J Phantom Stock (Retainer Deferral) Common Stock Grant Acquire A No No 256.52 151.06 38.75K 2,537.958
30 Jun 22 Sweeney Joseph Edward Common Stock Payment of exercise Dispose F No No 237.68 267.777 63.65K 10,456
30 Jun 22 Sweeney Joseph Edward Common Stock Option exercise Acquire M No No 0 583.777 0 10,723.777
30 Jun 22 Sweeney Joseph Edward Phantom Stock Common Stock Option exercise Dispose M No No 0 583.777 0 981.486
30 Jun 22 Truscott William F Common Stock Payment of exercise Dispose F No No 237.68 404.5 96.14K 10,491
30 Jun 22 Truscott William F Common Stock Option exercise Acquire M No No 0 938.5 0 11,429.5
30 Jun 22 Truscott William F Phantom Stock Common Stock Option exercise Dispose M No No 0 938.5 0 1,612.754
83.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 951 952 -0.1%
Opened positions 88 133 -33.8%
Closed positions 89 71 +25.4%
Increased positions 328 319 +2.8%
Reduced positions 345 312 +10.6%
13F shares Current Prev Q Change
Total value 26.92B 27.49B -2.1%
Total shares 89.94M 91.14M -1.3%
Total puts 372.9K 197.9K +88.4%
Total calls 179.6K 176.5K +1.8%
Total put/call ratio 2.1 1.1 +85.2%
Largest owners Shares Value Change
Vanguard 13.68M $4.11B +2.3%
BLK Blackrock 8.59M $2.58B +2.1%
STT State Street 5.38M $1.62B -1.6%
Aristotle Capital Management 4.47M $1.34B -2.0%
JPM JPMorgan Chase & Co. 3.65M $1.1B +0.6%
BK Bank Of New York Mellon 2.64M $793.15M +6.8%
Geode Capital Management 2.33M $697.93M -0.1%
Boston Partners 2.27M $683.24M +2.6%
Ubs Global Asset Management Americas 2.02M $607.14M -1.6%
LSV Asset Management 1.8M $541.41M -5.7%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -1.12M EXIT
Viking Global Investors 923.33K -530.47K -36.5%
Bain Capital Public Equity Management II 0 -457.38K EXIT
MS Morgan Stanley 1.74M +433.75K +33.1%
Millennium Management 89.93K -308.69K -77.4%
Vanguard 13.68M +302.24K +2.3%
IVZ Invesco 1.08M +270.76K +33.5%
JHG Janus Henderson 201.41K -257.56K -56.1%
GS Goldman Sachs 763.42K +249.19K +48.5%
American Century Companies 852.47K -243.07K -22.2%

Financial report summary

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Risks
  • The COVID-19 pandemic creates 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 economies of scale for larger competitors 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 and we may have difficulty selling these investments.
  • 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, 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
  • •The favorable impact of the block transfer reinsurance transaction was $521 million for 2021 primarily reflecting the net realized gains on investments sold to the reinsurer.
  • •The favorable impact of unlocking was $17 million for 2021 compared to an unfavorable impact of unlocking and LTC loss recognition of $454 million for the prior year.
  • •A positive impact from higher average equity markets compared to the prior year. Our average WEI, which is a proxy for equity movements on AUM, increased 33% in 2021 compared to the prior year. The average S&P 500 index was 33% higher for 2021 compared to the prior year.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: actuarial, bond, broader, capacity, context, downside, geopolitical, guide, inflation, pressure, refine, relieved, risen, shadow, slowly, stabilize, stopped, strain, today
Removed: accrue, called, cap, compression, deficiency, disability, disruption, economy, emergence, expose, grouped, inception, independent, insurer, interpreted, locked, nonparticipating, occurring, people, pursue, reliable, replaced, sensitive, societal, standardized, suggested, traditional, ultimately, unlocking, unpredictability