NYSE:AMP
$37.95
(2/9 3:07PM)
+1.9%
| Open | $37.65 |
Mkt Cap | $9.5 Billion |
| High | $38.03 |
52Wk High | $42.98 |
| Low | $36.99 |
52Wk Low | $13.50 |
| Volume | 2.6 Million |
Avg Vol 10D | 2.6 Million |
Ockham's Rating/Recommendation Summary
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AMP Revenue
For a long time, value investors have used the current share price relative to sales per share levels as an important valuation tool. We utilize a historical weighted average methodology that treats recent years more importantly in the calculation. When looking at AMP through this framework, we can see that our weighted average historical high and low Price to Sales per share ratios over the last 6 years are 1.66x and 0.78x respectively.
Utilizing this range we can see that AMP’s current Price to Sales per share ratio of 1.22x is somewhat below its historical weighted average by 1%. Given this level of sales per share, we suggest a neutral share price forecast. To the extent there is a further drop in the Price to Sales ratio from current levels, which would occur through some combination of increased sales per share or a decline in share price, we would only become more positive about the Price to Sales ratio outlook.
AMP Cash Earnings
As the old saying goes, "Cash is King!" We look at reported Cash Earnings, but the main emphasis of our analysis involves stripping out non-cash events such as depreciation from our cash earnings analysis. This helps us view the cash flows more clearly. Nevertheless, an analysis of Cash Earnings (both reported and otherwise) is absolutely pivotal to assessing a company's value, and currently AMP is significantly above its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 6 years of cash earnings levels for AMP to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 56.97 and a 25.86 low over the same period.
Therefore, at the current price of $37.93 and a Price to Cash Earnings ratio of 102.51, AMP is significantly overvalued. This diminishes the attractiveness of AMP until we see either a significant increase in cash earnings or a decline in price. A decline of the Price to Cash Earnings ratio of 147% is needed just to return to the historical cash earnings multiple.
AMP Dividends
A positive Ockham rating does not require a company to pay out an inviting dividend or a dividend at all. However, we believe dividends provide a useful measure of a company's inherent expectations.
Comparable to our analysis of Sales and Cash Earnings per share, we examine dividend yields from AMP against the historic high and low levels over an available data range. Because AMP has an established history of paying a dividend to shareholders, there is value in comparing recent dividends to historical dividends. In AMP’s case, the estimated annual dividend is $0.68 producing a current dividend yield of 1.79%. The highest dividend yield from AMP in recent history was 5.45% while the lowest dividend yield was 0.25%. It is never a good sign for a company to pay significantly lower dividends, in this case 37.19% below the median yield. Although, dividends are a relatively small portion of our analysis framework, we still see this as a negative factor.
Ameriprise Financial, Incorporated (AMP) Discussed on Seeking Alpha's Seeking Alpha Wall St Breakfast
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
Akamai Technologies (AKAM): Q4 EPS of $0.46 beats by $0.03. Revenue of $238M (+12%) vs. $234M. Shares -4.9% AH. (PR, earnings call transcript) AMERIPRISE FINANCIAL (AMP): Q4 EPS of $0.90 beats by $0.14. Revenue of $2.3B (+70%) vs. $2.1B. (PR) Assurant (AIZ): Q4 EPS of $0.86 misses by $0.15. Revenue of $2.2B (-2%) vs. $2.1B. (PR) AvalonBay Communities (AVB): Q4 FFO of $0.64 in-line. Rental revenue of $143.2M (-6%). (PR) Brightpoint
“… (PR, earnings call transcript) AMERIPRISE FINANCIAL (AMP): Q4 EPS of $0. 90 beats by $0. 14. Revenue of $2. 3B (+70%) vs. $2. 1B. (PR) Assurant (AIZ): Q4 EPS of $0. …”
Ameriprise Financial, Incorporated (AMP) Discussed on CNBC's Street Signs
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
Bernstein, barclay's and ameripriceameri ameripri AMERIPRISE. Vote with the management board is simply a reflection of the fact that these people have reached an agreement about what is appropriate. There is a lot of private information that gets shared within the board. The reason why people hog mutual funds to begin with are because mutual fund help aggregate the shareholder vote and help
“… ithin the board. The reason why people hog mutual funds to begin with are because mutual fund help aggregate the shareholder vote and help …”
Ameriprise Financial, Incorporated (AMP) Discussed on Fox Business's Countdown to the Closing Bell
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
The electronics manufacturer reported better than expected results for fourth quarter and gave an upbeat forecast going forward. You know how much wall street likes that. The stock is up 10%. Number four is air miry -- AMERIPRIZE financial. Nice day today. Word got out it'd buy columbia management from bank of america. Moody's also affirmed AMERIPRIZE debt after the deal. The stock was up 11% earlier. Up 12.5% now. Very nice day for AMERIPRISE. Number three, discovery laboratories. Here is the biotech company. They develop therapies to treatment respiratory disorders. >> the material science company focused on clean energy. Exchanging it to build a factory up 70% earlier today. Number one, petro brass, the brazilian oil giant petrobras.
“… . Word got out it'd buy columbia management from bank of america. Moody's also affirmed AMERIPRIZE debt after the deal. The stock was up 11% earlier. Up 12.5% now. Very nice day for AMERIPRISE. Number three, discovery laboratories. Here is the biotech company. They develop therapies to treatment respiratory disorders. >> the material science company focused on clean energy. Exchanging it to build a factory up 70% earlier today. Number one, petro brass, the brazilian oil giant petrobras. …”
Ameriprise Financial, Incorporated (AMP) Discussed on Fox Business's Fox Business
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
A bmw gal, sorry. You have to look at-- i'm loyal. Let's take a quick look at three stocks that are moving right bank of america planning to sell the mutual fund management business of columbia to AMERIPRIZE for about 1.2 billion dollars, and bank of america is trying to raise capital. Take a look at AMERIPRIZE stock though, good purchase in the eyes of the investors, up 3.71 a bernstein raising price target to $33 from 31. Bernstein has a market perform rating on the cruise line operator, not helping that stock. And jabil fiscal profit sinking on lower sales and margins, but the markets continued to improve. The electronics component makers results topping guidance ap the stock is in the green. >> brian: all right. Go west to find value in commercial real estate. So says our next guest. Joining us is greg genvees, welcome to the program. >> thank you. >> brian: we've talked about mostly about the problems. Some say there's opportunity. Some people say if you get into commercial real estate you're in big trouble. Clearly there are some people still making money. How are they doing it? >> they're doing it through and placing bets, frankly, in the right places.
“… ica is trying to raise capital. Take a look at AMERIPRIZE stock though, good purchase in the eyes of the investors, up 3.71 a bernstein raising price target to $33 from 31. Bernstein has a market perform rating on the cruise line operator, not helping that stock. And jabil fiscal profit sinking on lower sales and margins, but the markets continued to improve. The electronics component makers results topping guidance ap the stock is in the green. >> brian: all right. Go west to find value in commercial real estate. So says our next guest. Joining us is greg genvees, welcome to the program. >> thank you. >> brian: we've talked about mostly about the problems. Some say there's opportunity. Some people say if you get into commercial real estate you're in big trouble. Clearly there are some people still making money. How are they doing it? >> they're doing it through and placing bets, frankly, in the right places. …”
Ameriprise Financial, Incorporated (AMP) Discussed on Fox Business's The Opening Bell on Fox Business
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
Commercial real estate sector from dennis lockhart. Moving along to stocks i'm watching and stories many' watching this morning. Bank of america continuing to tighten its belt. Selling off the long-term asset management business of its colombia management unit to AMERIPRIZE financial for a price tag of 1.2 billion dollars. The deal is expected to close in the spring and will make AMERIPRIZE the 8th largest mutual fund manager, AMERIPRIZE is actually rising to the upside and some news coming out about boston scientific saying that it will pay johnson & johnson a fine of $716 million over a 12-year battle regarding-- over a dozen different lawsuits, regarding patent infringement, regarding their health stent products. Boston scientific says it will pay the fines out of a legal reserve that it has carried on its balance sheet and you can see boston scientific taking a hit. Brian, back over to you. >> all right. Shibani, thank you very much. Someone else is going on around the world. Time now to assign the papers and turn the page. Robert gray you have the new york post. Robert: spotted a new challenge for ashley webster, we know he's a runner these days and battling an injury and trying to come back, ashley shall the gauntlet has been thrown down and talk about the straight and narrow, chinese man does a run every day and running the great wall or something must be pedestrian. He does it on the handrail of a 3,000 foot bridge, a suspension
“… unit to AMERIPRIZE financial for a price tag of 1.2 billion dollars. The deal is expected to close in the spring and will make AMERIPRIZE the 8th largest mutual fund manager, AMERIPRIZE is actually rising to the upside and some news coming out about boston scientific saying that it will pay johnson & johnson a fine of $716 million over a 12-year battle regarding-- over a dozen different lawsuits, regarding patent infringement, regarding their health stent products. Boston scientific says it will pay the fines out of a legal reserve that it has carried on its balance sheet and you can see boston scientific taking a hit. Brian, back over to you. >> all right. Shibani, thank you very much. Someone else is going on around the world. Time now to assign the papers and turn the page. Robert gray you have the new york post. Robert: spotted a new challenge for ashley webster, we know he's a runner these days and battling an injury and trying to come back, ashley shall the gauntlet has been thrown down and talk about the straight and narrow, chinese man does a run every day and running the great wall or something must be pedestrian. He does it on the handrail of a 3,000 foot bridge, a suspension …”
Ameriprise Financial, Incorporated (AMP) Discussed on CNBC's Squawk Box
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
Billion of total assets now, the eighth largest fund manager in the united states. And so we feel that it really transforms our asset management business and really integrates it further into the earnings power of AMERIPRISE. >> not quite doubling your size, but close. And are there some things that you can -- some overlap, some synergies you can find -- there >> yes. >> it's the same business you're running here, right? First of all, the deal actually helps us strengthen our distribution capabilities. It gives us a good long-term agreement with bank of america and their affiliates to distribute product through their channels, enhances financial institution operations, full range of product capabilities for both equity and fixed income for both the retail as well as high net worth investor. And from a perspective of the company, it really will continue to strengthen our product line, good performance as well as the investment talent in both fixed income equities as well as from a perspective of having a broad base of distribution capabilities now.
“… ze, but close. And are there some things that you can -- some overlap, some synergies you can find -- there >> yes. >> it's the same business you're running here, right? First of all, the deal actually helps us strengthen our distribution capabilities. It gives us a good long-term agreement with bank of america and their affiliates to distribute product through their channels, enhances financial institution operations, full range of product capabilities for both equity and fixed income for both the retail as well as high net worth investor. And from a perspective of the company, it really will continue to strengthen our product line, good performance as well as the investment talent in both fixed income equities as well as from a perspective of having a broad base of distribution capabilities now. …”
Ameriprise Financial, Incorporated (AMP) Discussed on Fox Business's Money For Breakfast
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
That, if they can. It can be a good money we have seen what that kind of thing has done say for instance indifferent times or tough times, you might want to be able to hold on to something like connell: asset sale bank of america to AMERIPRISE some of their asset management units. Thank you charles. Back over to you in london, ashley:. The fate of cit group could be according to the "wall street journal," the commercial lender is close to a deal with its bondholders will like by a debt for equity offer which will result in bondholders taking control of the company. A swap though will wipe out 40% or more of the company's 30 billion in debt. If it doesn't get enough, bondholders to agree though, cit will likely be forced to file now one complicating factor in all of this is the government invested 2.3 billion dollars of tarp money into the company. Taxpayers will likely have to take a loss in either scenario. Common shareholders will also be completely wiped out either way sending the stock down sharply afterhours as you might see. All right, well, the banks could lose 1.5 trillion dollars more by the the end of next year. That's the latest forecast from the international monetary fund. The imf however now says the financial institutions total
“… ir asset management units. Thank you charles. Back over to you in london, ashley:. The fate of cit group could be according to the "wall street journal," the commercial lender is close to a deal with its bondholders will like by a debt for equity offer which will result in bondholders taking control of the company. A swap though will wipe out 40% or more of the company's 30 billion in debt. If it doesn't get enough, bondholders to agree though, cit will likely be forced to file now one complicating factor in all of this is the government invested 2.3 billion dollars of tarp money into the company. Taxpayers will likely have to take a loss in either scenario. Common shareholders will also be completely wiped out either way sending the stock down sharply afterhours as you might see. All right, well, the banks could lose 1.5 trillion dollars more by the the end of next year. That's the latest forecast from the international monetary fund. The imf however now says the financial institutions total …”
Ameriprise Financial, Incorporated (AMP) Discussed on Fox Business's Money For Breakfast
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
Complex. We're up on oil and back above a thousand dollars on the price of I mentioned this before we broke here before the top of the hour the breaking news out of bank of america this morning is it is announcing some asset sales operations to AMERIPRISE. It is paying between 900 million and 1.2 billion dollars for columbia managements, long-term asset management business. That particular division holds 165 billion dollars in equity and fixed income assets that the final price is going to be based on asset flows and investor consents that are leading up to closing of the b of a selling off some assets. What do you make of the move out of bank of america charles? Charles: pretty good move. Bank of america trying to find itself and really redefine what it wants to do. I think it does want to focus a lot on its banking business and might have gotten into some businesses that it doesn't necessarily have expertise. Connell: does it have to get a lot smaller? We talk about that with citigroup sometimes. Is that the future for both of these government-supported banks that they will be a lot smaller and see more asset sales as a result of that? Charles: I think we will see a focus on a lot less different divisions. Will still have the same sort of footprint that they have now, but maybe more of a focus on just being banks rather than trying to be investment banks or money managers.
“… . It is paying between 900 million and 1.2 billion dollars for columbia managements, long-term asset management business. That particular division holds 165 billion dollars in equity and fixed income assets that the final price is going to be based on asset flows and investor consents that are leading up to closing of the b of a selling off some assets. What do you make of the move out of bank of america charles? Charles: pretty good move. Bank of america trying to find itself and really redefine what it wants to do. I think it does want to focus a lot on its banking business and might have gotten into some businesses that it doesn't necessarily have expertise. Connell: does it have to get a lot smaller? We talk about that with citigroup sometimes. Is that the future for both of these government-supported banks that they will be a lot smaller and see more asset sales as a result of that? Charles: I think we will see a focus on a lot less different divisions. Will still have the same sort of footprint that they have now, but maybe more of a focus on just being banks rather than trying to be investment banks or money managers. …”
Ameriprise Financial, Incorporated (AMP) Discussed on Fox Business's Money For Breakfast
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
Connell: for a clown we won't get into our distaste for clowns right here ashley because we have to get to a break to get your top stories coming in at the top of the hour. B of, a selling off some assets it looks like one of its long-term asset management businesses to AMERIPRISE. Live. When you have a drug or alcohol problem,your whole world you can get help for and make sense of life again. For information, treatment and most importantly... Help, tdd: 800-487-4889. Brought to you by the u.S. And human services.
“… t businesses to AMERIPRISE. Live. When you have a drug or alcohol problem,your whole world you can get help for and make sense of life again. For information, treatment and most importantly... Help, tdd: 800-487-4889. Brought to you by the u.S. And human services. …”
Ameriprise Financial, Incorporated (AMP) Discussed on CNBC's Squawk Box
Ameriprise Financial, Incorporated is in the news. Find out how this impacts AMP trading on Ockham Research.
>> you? >> jay and bill were the founder. Not jabil. >> I thought the same thing. But it's not. >>> coming up at the top of the hour, AMERIPRISE ceo will join us. He will be talking about acquiring long-term assets of bank of america unit. Toyota announcing its largest recall in history. Floor mats causing a deadly disturbing details after this. Fidelity gives you the same tools the pros use,so you can be by selecting from eight your order gets executed, and with trailing stops lock in profits and minimize risk, you can be confident in your strategy, no matter which way find out why more and more are turning for a smarter way to trade online. Trade like a pro.
“… ng its largest recall in history. Floor mats causing a deadly disturbing details after this. Fidelity gives you the same tools the pros use,so you can be by selecting from eight your order gets executed, and with trailing stops lock in profits and minimize risk, you can be confident in your strategy, no matter which way find out why more and more are turning for a smarter way to trade online. Trade like a pro. …”