Ameriprise Financial Inc has been in the spotlight recently with multiple events shaping investor sentiment. Certain
insiders have sold off US$36m of their stock, creating a sense of uneasiness among investors. However, it also recorded a growth in its
stock value though it underperformed in comparison to the market. The firm has announced options trading for the week starting February 2025, indicating proactive management. Going further, Ameriprise Financial reported outstanding recruitment for the year, welcoming more than 400 advisors and a notable new senior VP. However, there was an observed reduction in company stock held by the Toronto Dominion Bank. Analysts are expecting the company's earnings to grow, as it was recognized with two
J.D. Power Certifications for service excellenceβa strong sign of its commitment to client and advisor service. It's also noted that Ameriprise is heavily dominated by
institutional owners, holding 87% of shares. Varying performance was reported in the
third quarter with earnings lagging due to higher expenses, despite increases in revenues and assets under management. Large institutional investors have decreased their positions in the stock, and insider selling was noted. But Ameriprise does continue to attract new advisors, earned recognition as a military-friendly employer and managed to hit a
52-week high that represents a potential bullish outlook.
Ameriprise Financial AMP News Analytics from Mon, 22 Apr 2024 07:00:00 GMT to Thu, 26 Dec 2024 21:53:00 GMT -
Rating 6
- Innovation 2
- Information 7
- Rumor -5
