Is Ameriprise Financial Stock Underperforming the S&P 500?

Company Overview - Ameriprise Financial, Inc. (AMP) is a diversified financial services company based in Minneapolis, Minnesota, with a market cap of $42.3 billion, specializing in wealth management, asset management, and retirement planning for individuals and institutions [1]. Market Position - AMP is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size, influence, and dominance in the asset management industry [2]. Stock Performance - AMP's shares have declined 21.5% from its 52-week high of $582.05, reached on January 30, and have fallen 10.9% over the past three months, underperforming the S&P 500 Index, which rose by 6.5% during the same period [3]. - Over the past 52 weeks, AMP has decreased by 19.2%, while the S&P 500 Index has increased by 12.9%. Year-to-date, AMP shares are down 14.2%, compared to the S&P 500's return of 16.1% [4]. Financial Performance - In Q3, AMP reported better-than-expected results, with total net revenue increasing by 9% year-over-year to $4.8 billion, driven by growth in management and financial advice fees, distribution fees, and premiums [5]. - The adjusted EPS for Q3 climbed 12.3% from the previous year to $9.92, surpassing analyst estimates by 3.3%. Despite these positive results, AMP's shares fell by 5.1% following the earnings release [5]. Competitive Landscape - AMP has underperformed compared to its rival, Raymond James Financial, Inc. (RJF), which saw a decline of 6.8% over the past 52 weeks and a marginal gain year-to-date [6]. - Analysts maintain a cautious outlook on AMP, with a consensus rating of "Hold" from 15 analysts and a mean price target of $534, indicating a potential 16.9% premium to its current price levels [6].