RBC Capital Increases Ameriprise Price Target to $595, Maintains Outperform Rating

RBC Capital analyst Kenneth Lee has increased the price target for Ameriprise (AMP) from $565 to $595, maintaining an Outperform rating. This is part of a broader analysis anticipating strong Q2 outcomes for the US Asset Management sector. The analyst suggests investors consider firms with global AUM exposure due to favorable market returns and potential for expanded net flows. The average target price for AMP is $541.37, with an average brokerage recommendation of 2.2, indicating an "Outperform" status.

RBC Capital analyst Kenneth Lee has increased the price target for Ameriprise Financial (NYSE: AMP) from $565 to $595, maintaining an "Outperform" rating. This move is part of a broader analysis anticipating strong Q2 outcomes for the US Asset Management sector. The analyst suggests investors consider firms with global AUM (Assets Under Management) exposure due to favorable market returns and potential for expanded net flows [1].

The average target price for AMP is $541.37, with an average brokerage recommendation of 2.2, indicating an "Outperform" status. This positive sentiment is reflected in recent analyst upgrades. Keefe, Bruyette & Woods raised their price target to $550, while Raymond James Financial upgraded to a "strong-buy" rating with a $518 target. Piper Sandler also increased their target to $434 [1].

Ameriprise Financial reported a solid Q1 performance, with EPS of $9.50, exceeding the consensus estimate of $9.08. The company's revenue grew by 3.6% year-over-year, reaching $4.35 billion. The firm also authorized a $4.5 billion stock buyback plan, indicating confidence in its undervalued shares [1].

Institutional investors have shown interest in AMP, with hedge funds and other institutional investors owning 83.95% of the company's stock. Several hedge funds, including TCTC Holdings LLC and University of Texas Texas AM Investment Management Co., have recently increased their stakes [1].

The transparency notification from Azelis Group NV also highlights Ameriprise Financial's significant involvement in the firm's voting rights. Ameriprise Financial's participation decreased and crossed the 3% threshold on June 30, 2025, leading to the notification [2].

References:
[1] https://www.marketbeat.com/instant-alerts/ameriprise-financial-nyseamp-given-new-59500-price-target-at-royal-bank-of-canada-2025-07-10/
[2] https://www.morningstar.com/news/business-wire/20250707043626/azelis-group-nv-transparency-notification-from-ameriprise-financial-inc