A compilation of the most recent developments shows various trends for
Ameriprise Financial, Inc. (NYSE:AMP) - the US financial services company. Various institutional investors have been adjusting their positions.
AQR Capital Management and
Point72 Asia Singapore Pte. Ltd expanded and reduced their stakes respectively.
Ensign Peak Advisors Inc. and
Pacer Advisors Inc. strengthened their hands significantly.
Ameriprise stock has hit an all-time high of $466.1 and saw strong trading performance, outperforming competitors. Despite some turbulence throughout the week, institutional investors have benefited from longer-term gains. The company returned splendid
233% over the last five years despite trailing the 31% YoY shareholder returns. There are possible bearish signals, with insiders disposing of stocks.
Ameriprise Financial continues to enjoy strong institutional backing with 86% ownership. The company surprised the market by surpassing Q1 earnings estimates and raising the dividend. The firm also celebrated its 130-year anniversary, maintaining an unwavering commitment to clients. Notably, Ameriprise Financial joined ranks of stocks with 95-Plus Composite Rating.
Growth in AUM is expected to underpin Q2 earnings.
Several advisors from firms like
LPL and
UBS have joined Ameriprise looking for greater support. On the downside, Ameriprise has been involved in a lawsuit with LPL Financial over alleged misappropriation of client data.
Ameriprise Financial AMP News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 09:05:37 GMT -
Rating 7
- Innovation 2
- Information 4
- Rumor -7
