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Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Here's Why Ameriprise Financial Services (AMP) is a Strong Value Stock

Zacks Equity Research
·2-min read

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.

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Ameriprise Financial Services (AMP)

Headquartered in Minneapolis, MN, Ameriprise Financial, Inc. was founded in 1894 under the name Investors Syndicate. Notably, since 2005-end, Ameriprise has been operating independently of American Express Company. As of Dec 31, 2023, the company owned, managed and administered assets worth $1.36 trillion.

AMP is a Zacks Rank #2 (Buy) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 11.9X for the current fiscal year compared to the Financial - Investment Management industry's P/E of 10.5X. Additionally, AMP has a PEG Ratio of 0.7 and a Price/Cash Flow ratio of 13.3X. Value investors should also note AMP's Price/Sales ratio of 2.6X.

Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.53 to $34.65 per share. AMP has an average earnings surprise of 2%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding AMP to their portfolios.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Ameriprise Financial, Inc. (AMP) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research