The Ameriprise Financial Services (AMP) has seen its valuation improve, leading to its being marked as a value stock for long-term investments. Earnings estimates for the company have been revised upwards, and the stock has achieved a new 52-week high at $442.09. Ameriprise has also surpassed Q1 earnings estimates, raising dividends in the process. The company's EPS has consistently beaten expectations. Company insiders, however, have been disposing of stock, possibly indicating bearish signals.
There has been substantial investment activity around Ameriprise, with entities such as Applied Finance Capital Management and Massachusetts Financial Services increasing their stake. The company has strong institutional backing, with institutional investors holding 86% of the stock. Nevertheless, bearish signals are detected due to insider stock disposals.
A slight dip in the AUM balance reported in Q1 earnings but Ameriprise confidently reports strong adjusted operating earnings growth and an increase in regular quarterly dividends. AMP's strong performance is attracting financial advisors and significant asset holders to join the platform. AMP's positive performance has earned it recognition and increased price targets from major financial advisors.
Ameriprise Financial AMP News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Sat, 18 May 2024 20:24:58 GMT - Rating 8 - Innovation 4 - Information 8 - Rumor 6
