Ameriprise Financial (AMP) has been a favorite among institutional investors, owning 87% of shares. Despite some under-performance compared to competitors and a decrease in short interest, AMP has shown impressive recruitment with over 400 advisors last year, resulting in Brian Mora being appointed as the SVP of Experienced Advisor Recruiting. Afterwards, AMP witnessed a remarkable growth in earnings and received two J.D. Power Certifications for client and advisor service. However, there have been instances of reduced stock holdings by Principal Financial Group and Franklin Resources, and also a decline in the stock position held by Public Employees Retirement System of Ohio.
Shareholder returns have been strong over the past five years, even though the earnings growth trailed them. Yet, financial heavyweights are increasing their positions including Vestcor, Kovitz Investment Group, and Royal London Asset Management. Amidst these dynamics, AMP has announced a regular quarterly dividend and experienced a remarkable YoY shareholder return of 31%. Despite minor setbacks, such as insiders selling stock, AMP maintains its momentum and holds promise for long-term value.
Ameriprise Financial AMP News Analytics from Fri, 21 Jun 2024 07:00:00 GMT to Sat, 21 Dec 2024 10:29:05 GMT -
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- Information 6
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