Ameriprise Financial Inc. has seen a flurry of activity in recent months, with multiple institutional investors shuffling their holdings in the stock. Copley Financial Group, Wilmington Savings Fund Society, and Oddo BHF Asset Management are among those who have purchased substantial shares, while Barclays and Toronto Dominion Bank have decreased their exposure. The company's stock has experienced some volatility, with strong trading days and moments of underperformance compared to the market.
Internal changes at Ameriprise have also been notable. In a record year of recruiting, the firm has appointed Brian Mora as Senior Vice President of Experienced Advisor Recruiting. This follows the recruiting of some 400+ advisors. Despite its strong drive in growing its advisory team and its popularity amongst institutional investors, the holding's performance is not being fully rewarded by cautious investors.
Earning dual J.D. Power Service Excellence Certifications is a valuable accomplishment for Ameriprise, indicating a healthy outlook in terms of client and advisor service. However, a prevailing consensus recommendation by brokerages currently holds the stock at a \"Hold\". The firm also recently declared a regular quarterly dividend and has attracted a 40-year industry veteran with nearly $100 million in assets.
Ameriprise Financial AMP News Analytics from Fri, 21 Jun 2024 07:00:00 GMT to Sat, 14 Dec 2024 15:46:20 GMT -
Rating 5
- Innovation 2
- Information 5
- Rumor -1
