Ameriprise Financial, Inc. (AMP) has displayed mixed activity according to their financial encounters. Although there has been a
4.3% loss over the past week by its institutional investors, overall
longer-term gains have still led to profits. The company has won the trust of a Financial Advisor, with nearly $150 million in Assets, due to its robust technology and financial planning capabilities. Acquisition of Ameriprise shares by
Kerusso Capital Management LLC and
Candriam S.C.A. has been noted as well. However, the company's substantial shareholder,
Executive VP & Global Chief Investment Officer William Davies, has sold his stock, and another executive has sold over $3.8 million in AMP stock, potentially conveying some caution. Despite some recent underperformance compared to competitors, the company has managed to outperform in other instances. With
86% strong institutional backing, the financial services company is favored by large owners. Its quarterly profits have risen due to higher fees, obtaining record revenues of $4.2 billion. Nonetheless, there was a noticeable selloff of AMP shares by
Foundry Partners LLC and Hohimer Wealth Management LLC. Despite this, Ameriprise Financial's investors have received
solid 220% return over the last five years.
Ameriprise Financial AMP News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 08 Sep 2024 13:21:53 GMT -
Rating 4
- Innovation 2
- Information 8
- Rumor -6
