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Why Ameriprise Financial Services (AMP) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2 min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

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 #3 (Hold) stock, with a Value Style Score of B and VGM Score of B. Shares are currently trading at a forward P/E of 12.5X for the current fiscal year compared to the Financial - Investment Management industry's P/E of 10.6X. Additionally, AMP has a PEG Ratio of 0.7 and a Price/Cash Flow ratio of 14.1X. Value investors should also note AMP's Price/Sales ratio of 2.7X.

Many value investors pay close attention to a company's earnings as well. For AMP, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.81 to $34.93 per share for 2024. Per share AMP boasts an average earnings surprise of 2%.

Investors should take the time to consider AMP for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.

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

To read this article on Zacks.com click here.

Zacks Investment Research