10 Most Profitable Undervalued Stocks to Buy

6. Ameriprise Financial, Inc. (NYSE:AMP)

Number of Hedge Fund Holders: 52

Forward PE: 11.67x

ROE: 60.51%

On February 2, 2026, RBC Capital analyst Kenneth Lee raised his price target on Ameriprise Financial, Inc. (NYSE:AMP) to $605 from $580 and reiterated an Outperform rating following the company’s fourth-quarter earnings report. RBC highlighted stronger-than-expected wrap flows in the Advice and Wealth Management segment, noting that organic growth from existing advisors was the primary driver, with some seasonal lift also contributing.

Other firms adjusted their views after digesting the same results. Bank of America and Piper Sandler both updated their outlooks in late January and early February. On February 1, 2026, Bank of America raised its price target to $660 from $642 and kept a Buy rating after updating its model post-earnings. Earlier, on January 30, 2026, Piper Sandler upgraded Ameriprise to Neutral from Underperform and lifted its price target to $530 from $434, saying several headwinds that had pressured the stock since late 2024 appear to be easing. Piper pointed to wealth management margin stability and strong client flows in the quarter, adding that concerns around a more competitive advisor recruiting environment were largely alleviated by the results.

Ameriprise reported fourth-quarter revenue of $4.96 billion on January 29, 2026, exceeding the $4.74 billion consensus estimate. CEO Jim Cracchiolo said the quarter was driven by robust client activity and strong inflows, resulting in record revenue and earnings for both the quarter and the full year. He also noted that the company’s return on equity remained among the strongest in the industry and that Ameriprise returned more than 100% of adjusted operating earnings to shareholders during the quarter.

Ameriprise Financial, Inc. (NYSE:AMP), together with its subsidiaries, operates as a diversified financial services company in the United States and internationally. The company offers financial planning and advice services to individual and institutional clients.