Ameriprise Financial Appoints New Director and Audit Committee Member

Ameriprise Financial Inc. (NYSE:AMP), a leader in financial planning and services with a market capitalization of $52 billion, has announced the appointment of Glynis A. Bryan to its Board of Directors, effective March 1, 2025. The company, which has demonstrated strong financial health according to InvestingPro analysis, disclosed this development in a recent filing with the U.S. Securities and Exchange Commission. The stock has delivered an impressive 40% return over the past year, reflecting robust operational performance.

Ms. Bryan’s extensive financial experience includes her tenure as Chief Financial Officer of Insight Enterprises Inc. (NASDAQ:NSIT) from 2007 to 2024. Her previous roles include executive positions at Swift Transportation Co., APL Logistics, and Ryder Systems, Inc. Her educational background includes an MBA from Florida International University and a BA from York University. She joins Ameriprise at a time when the company maintains a strong dividend track record, having raised its dividend for 20 consecutive years, as highlighted by InvestingPro data.

In addition to her new role at Ameriprise Financial, Ms. Bryan holds positions on the boards of Pinnacle West Capital Corporation (NYSE:PNW) and Wesco International (NYSE:WCC), Inc. She also served on the board of Pentair (NYSE:PNR) plc from 2013 to 2023.

As a member of the Ameriprise Financial Board, Ms. Bryan will also join the Audit and Risk Committee. She will be compensated according to the company’s outside director compensation program, which includes a pro rata portion of the $190,000 annual grant of deferred share units from her start date through the 2025 annual meeting of shareholders. The company maintains strong financial metrics, with a current P/E ratio of 20.4 and liquid assets exceeding short-term obligations. Get deeper insights into Ameriprise’s financial health and access comprehensive analysis through the InvestingPro Research Report, part of an extensive collection covering 1,400+ top US stocks.

The appointment follows the recommendation of the company’s Nominating and Governance Committee and is not the result of any arrangement or understanding with other parties. Furthermore, there are no familial transactions or relationships that necessitate disclosure under SEC regulations.

This strategic addition to the Ameriprise Board is part of the company’s ongoing efforts to enhance its governance and oversight capabilities. The company’s strong fundamentals are reflected in its gross profit margin of 56% and robust revenue growth of 11.5% over the last twelve months. The information for this article is based on a press release statement from Ameriprise Financial.

In other recent news, Ameriprise Financial reported a robust fourth-quarter performance for 2024, with earnings per share (EPS) reaching $9.54, surpassing the projected $9.17. The company also saw a significant 13% increase in revenue year-over-year, totaling $4.5 billion. Despite these positive earnings results, the company’s stock experienced a decline, suggesting investor concerns beyond the quarterly figures. Additionally, Ameriprise Financial has announced the appointment of Glynis A. Bryan to its board of directors, effective March 1, 2025, bringing her extensive financial expertise to the company.

In analyst updates, Keefe, Bruyette & Woods raised their price target for Ameriprise Financial to $570, citing improved earnings projections for 2025 and 2026 due to better-than-expected performance in certain segments and favorable tax conditions. Conversely, Piper Sandler increased their price target to $442 but maintained an Underweight rating, noting challenges in sustaining margins in the Advice & Wealth Management division. These differing perspectives highlight the mixed analyst sentiment regarding Ameriprise’s future performance.

Ameriprise Financial continues to focus on strategic investments in technology and product innovation, contributing to its competitive position. The company remains committed to expanding its digital and product offerings, aiming to enhance client engagement and satisfaction. These developments reflect Ameriprise’s ongoing efforts to strengthen its market position and navigate the evolving financial landscape.

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