What’s in Ameriprise Financial, Inc. (AMP) After Achieving Record High?

October 13, 2017 - By Jacob Falcon

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.25, from 0.87 in 2017Q1. It is positive, as 39 investors sold Ameriprise Financial, Inc. shares while 202 reduced holdings. 77 funds opened positions while 192 raised stakes. 114.55 million shares or 3.72% less from 118.98 million shares in 2017Q1 were reported.
Dorsey & Whitney Tru Comm Ltd Limited Liability Company invested in 0.04% or 1,681 shares. Hm Payson &, Maine-based fund reported 2,131 shares. 22 were accumulated by Pathstone Family Office Limited Liability Company. 57,592 were accumulated by Bragg Advsr. Macquarie Limited reported 0.02% in Ameriprise Financial, Inc. (NYSE:AMP). Bancorp Of Montreal Can invested in 920,148 shares or 0.11% of the stock. 140,203 are held by Citigroup Inc. Sg Americas Secs Lc owns 26,868 shares. Trust Com Of Vermont reported 3,065 shares. Conning holds 9,018 shares or 0.04% of its portfolio. Moreover, Valley Advisers has 0% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 6 shares. Engineers Gate Manager Lp owns 15,163 shares. Ngam Advisors Limited Partnership accumulated 59,088 shares. Cadence National Bank & Trust Na stated it has 16,119 shares. The Manitoba – Canada-based Ig Invest Mngmt has invested 0.01% in Ameriprise Financial, Inc. (NYSE:AMP).

Since May 8, 2017, it had 0 buys, and 1 sale for $121,458 activity. HUNTER KELLI A had sold 943 shares worth $121,458.

The stock of Ameriprise Financial, Inc. (NYSE:AMP) reached all time high today, Oct, 13 and still has $160.56 target or 5.00 % above today’s $152.91 share price. This indicates more upside for the $22.93B company. This technical setup was reported by Barchart.com. If the $160.56 PT is reached, the company will be worth $1.15B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.22% or $0.34 during the last trading session, reaching $152.91. About 736,009 shares traded. Ameriprise Financial, Inc. (NYSE:AMP) has risen 30.25% since October 13, 2016 and is uptrending. It has outperformed by 13.55% the S&P500.

Wall Street await Ameriprise Financial, Inc. (NYSE:AMP) to release earnings on October, 24. Analysts forecast earnings per share of $2.79, up exactly $0.50 or 21.83 % from 2014’s $2.29 EPS. The expected AMP’s profit could reach $418.38 million giving the stock 13.70 P/E in the case that $2.79 earnings per share is reported. After posting $2.80 EPS for the previous quarter, Ameriprise Financial, Inc.’s analysts now forecast -0.36 % negative EPS growth.

Ameriprise Financial, Inc. (NYSE:AMP) Ratings Coverage

Among 13 analysts covering Ameriprise Financial (NYSE:AMP), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Ameriprise Financial had 33 analyst reports since September 7, 2015 according to SRatingsIntel. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Outperform” rating given on Monday, January 11 by Credit Suisse. The company was maintained on Wednesday, April 6 by Citigroup. The rating was initiated by Credit Suisse on Friday, October 7 with “Neutral”. Barclays Capital maintained it with “Equal-Weight” rating and $99 target in Friday, January 29 report. The firm earned “Buy” rating on Thursday, January 26 by Citigroup. Keefe Bruyette & Woods maintained Ameriprise Financial, Inc. (NYSE:AMP) rating on Thursday, July 27. Keefe Bruyette & Woods has “Buy” rating and $15500 target. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, October 22. The stock has “Outperform” rating by Keefe Bruyette & Woods on Monday, October 12. On Monday, September 7 the stock rating was upgraded by Zacks to “Hold”. The rating was downgraded by Suntrust Robinson to “Hold” on Monday, December 19.

More news for Ameriprise Financial, Inc. (NYSE:AMP) were recently published by: Investmentnews.com, which released: “Top scandals among sports figures and the financial advice industry” on October 12, 2017. Businesswire.com‘s article titled: “AM Best Affirms Credit Ratings of Ameriprise Financial, Inc. and Its Subsidiaries” and published on September 28, 2017 is yet another important article.

Ameriprise Financial, Inc. is a financial services firm that offers financial solutions to individual and institutional clients. The company has market cap of $22.93 billion. The Firm operates in five divisions: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. It has a 17.43 P/E ratio. The Firm uses Ameriprise Financial as its enterprise brand, as well as the name of its advisor network and certain of its retail services and products.

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