First Bank & Trust and other companies are making fresh investments in Ameriprise Financial, Inc., leading to strong institutional backing of 86% for the firm. Ameriprise has underperformed compared to competitors on some days, but overall the company's stock has yielded a stunning 233% return in the last five years. Ameriprise has been celebrating its 130-year anniversary with a firm commitment to clients, while strengthening its status with 87 of its advisors named in AdvisorHub's βAdvisors to Watchβ rankings. Despite some insiders disposing Ameriprise stock, its Q2 earnings beat estimates, but also saw increased costs. Price targets from Piper Sandler and Jefferies Financial Group have seen changes, with the latter setting a new price target at $504. In other recent developments, advisor Julie Wallace shifted her $100 Million Practice to Ameriprise Financial in order to embrace their client-first culture, and the firm has seen a strong AUM balance amid prevailing cost concerns.
Ameriprise Financial AMP News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Sun, 30 Jun 2024 12:35:35 GMT - Rating 6 - Innovation 3 - Information 8 - Rumor 3
