--- title: Ameriprise Financial (AMP) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/amp ticker: AMP as_of: 2026-10-17 sector: Financial Services industry: Asset Management --- # Ameriprise Financial (AMP) Ameriprise Financial (AMP) closed at $500.80 on Oct 16, 2026, undervalued by 24% vs its model value of $663.10 (from its peers' median P/E). ## Key figures | Figure | Value | | --- | ---: | | Last close | $500.80 (Oct 16, 2026) | | Model value (from its peers' median P/E) | $663.10 | | Price vs model | undervalued by 24% vs model | | Range of that model | $579.24 – $709.68 | | Market value | $44.2B | | P/E (fiscal 2025) | 13.8 | | Net margin (fiscal 2025) | 18.8% | | Free cash flow (fiscal 2025) | $8.2B | | Dividend yield (trailing twelve months) | 1.32% | | Beta | 1.16 | | Cost of capital (WACC) | 9.67% | | Business classification | Mature & Stable (Low/slowing growth (~8% recent), Moderate margins (19% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (18.4%)) | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 1.32% | | Dividends per share, last 12 months | $6.60 | | Dividends / earnings (fiscal 2025) | 16.7% | | Raised | 19 years in a row | | Growth over 5 years | 8.7% a year | | Latest payment | $1.70, ex-date Aug 3, 2026, paid Aug 21, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Aug 6, 2021 | $4.34 | | To Aug 5, 2022 | $4.76 | | To Aug 4, 2023 | $5.20 | | To Aug 5, 2024 | $5.66 | | To Aug 4, 2025 | $6.16 | | Trailing twelve months (to Aug 3, 2026) | $6.60 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | P/E · peers | primary | $663.10 | $579.24 | $709.68 | | P/E · own history | cross check | $613.46 | $553.00 | $680.22 | | PEG | sanity check | $849.08 | $849.08 | $849.08 | | Dividend discount | cross check | $136.78 | $96.15 | $214.74 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 11 open-market sales ($26.1M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Aug 10, 2026 | MELLOH HEATHER J. | EVP AND GENERAL COUNSEL | Option/RSU exercise | 722 | $142,862.1 | | Aug 10, 2026 | MELLOH HEATHER J. | EVP AND GENERAL COUNSEL | Tax withholding | 469 | $262,459.4 | | Aug 10, 2026 | MELLOH HEATHER J. | EVP AND GENERAL COUNSEL | Option/RSU exercise | 722 | $0 | | Aug 10, 2026 | Brockman Dawn M. | SVP AND CONTROLLER | Open-market sell | 472 | $263,815 | | Aug 6, 2026 | McGraw Deirdre Davey | EVP Mktg, Strat. & Comms. | Option/RSU exercise | 1,000 | $165,410 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 4, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/820027/000082002726000043/amp-20260630.htm | | Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/820027/000082002726000038/amp-20260723.htm | | Jun 9, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/820027/000110465926071727/tm2617199d1_8k.htm | | Jun 4, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/820027/000110465926070366/tm2613987-1_424b5.htm | | May 20, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/820027/000110465926064493/tm2615151d1_8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Mairs & Power | 2026-06-30 | 214,056 | $98.2M | | Bridgewater | 2026-06-30 | 12,536 | $5.8M | | Bill Miller | 2026-06-30 | 4,428 | $2.0M | | Dodge & Cox | 2026-06-30 | 1,500 | $688,140 | 4 tracked managers in all. ## About Ameriprise Financial, Inc. is a holding company, which engages in providing financial planning, asset management, and insurance services to individuals, businesses, and institutions. It operates through the following business segments: Advice & Wealth Management, Asset Management, Retirement & Protection Solutions, and Corporate & Other. The Advice & Wealth Management segment consists of financial planning and advice, as well as full-service brokerage services for retail clients through financial advisors. The Asset Management segment offers investment management, advice, and products to retail, high net worth, and institutional clients through Columbia Threadneedle. The Retirement & Protection Solutions segment refers to RiverSource solutions, which includes clients annuities, life insurance, and disability income insurance products. The Corporate & Other segment handles closed blocks o… --- Source: https://sweetvaluelab.com/stocks/amp (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.