Price Action Alert: Does Ameriprise Financial, Inc. Have Any Gas After Today’s Significant Increase?

Price Action Alert: Does Ameriprise Financial, Inc. Have Any Gas After Today's Significant Increase?

The stock of Ameriprise Financial, Inc. (NYSE:AMP) is a huge mover today! About 2.63 million shares traded hands or 126.72% up from the average. Ameriprise Financial, Inc. (NYSE:AMP) has risen 11.72% since April 8, 2016 and is uptrending. It has outperformed by 6.07% the S&P500.
The move comes after 9 months positive chart setup for the $19.47 billion company. It was reported on Nov, 10 by Barchart.com. We have $178.65 PT which if reached, will make NYSE:AMP worth $12.27B more.

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

Out of 9 analysts covering Ameriprise Financial (NYSE:AMP), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Ameriprise Financial has been the topic of 18 analyst reports since September 7, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, September 7 by Zacks. Citigroup maintained the stock with “Neutral” rating in Wednesday, April 6 report. The stock of Ameriprise Financial, Inc. (NYSE:AMP) has “Market Perform” rating given on Wednesday, January 13 by Wells Fargo. The firm earned “Outperform” rating on Monday, October 12 by Keefe Bruyette & Woods. SunTrust initiated Ameriprise Financial, Inc. (NYSE:AMP) rating on Wednesday, March 23. SunTrust has “Buy” rating and $115 price target. Credit Suisse initiated Ameriprise Financial, Inc. (NYSE:AMP) on Friday, October 7 with “Neutral” rating. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $136 target price in Thursday, October 22 report. The firm earned “Equal-Weight” rating on Friday, January 29 by Barclays Capital. As per Thursday, October 22, the company rating was maintained by Barclays Capital.

According to Zacks Investment Research, “AMERIPRISE FINANCIAL, INC. is a financial planning and services company with financial advisors and registered representatives that provides solutions for clients’ asset accumulation, income management and insurance protection needs. The Company’s financial advisors deliver tailored solutions to clients through a personalized financial planning approach built on a long-term relationship with a knowledgeable advisor. The Company specializes in meeting the retirement-related financial needs of the mass affluent and affluent. Financial planning services and investments are available through Ameriprise Financial Services, Inc. Member FINRA and SIPC.”

Insitutional Activity: The institutional sentiment increased to 0.94 in Q2 2016. Its up 0.11, from 0.83 in 2016Q1. The ratio is positive, as 50 funds sold all Ameriprise Financial, Inc. shares owned while 208 reduced positions. 61 funds bought stakes while 181 increased positions. They now own 124.67 million shares or 7.74% less from 135.13 million shares in 2016Q1.
Pnc Financial Serv Grp Inc holds 501,574 shares or 0.05% of its portfolio. Ingalls And Snyder Ltd Com holds 3,210 shares or 0.02% of its portfolio. Hightower Advsr Limited Liability Com holds 13,369 shares or 0.02% of its portfolio. Next Financial Gp accumulated 286 shares or 0.01% of the stock. Zacks Inv Mgmt has invested 0.77% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP). New York State Common Retirement Fund accumulated 422,750 shares or 0.06% of the stock. Jennison Assoc Limited Liability Corporation holds 18,885 shares or 0% of its portfolio. Fdx Advsr owns 13,266 shares or 0.05% of their US portfolio. Bp Public Ltd Co holds 22,000 shares or 0.08% of its portfolio. Moreover, Diam has 0.05% invested in Ameriprise Financial, Inc. (NYSE:AMP) for 40,646 shares. Pggm Investments accumulated 122,277 shares or 0.06% of the stock. Schroder Investment, a Maine-based fund reported 11,573 shares. Bkd Wealth Limited Liability Corp has 0.04% invested in the company for 2,993 shares. Sei Investments Com has 139,233 shares for 0.08% of their US portfolio. Sit Inv Assocs has invested 0.07% of its portfolio in Ameriprise Financial, Inc. (NYSE:AMP).

Insider Transactions: Since May 17, 2016, the stock had 1 buy, and 5 sales for $2.54 million net activity. Woerner John Robert also sold $454,518 worth of Ameriprise Financial, Inc. (NYSE:AMP) shares. The insider Junek John Carl sold 4,683 shares worth $469,681. $551,052 worth of shares were sold by Kupper Randy on Tuesday, August 9. GREENBERG LON R had bought 3,900 shares worth $343,906 on Wednesday, June 29. $988,635 worth of Ameriprise Financial, Inc. (NYSE:AMP) was sold by TRUSCOTT WILLIAM F on Tuesday, May 17.

More recent Ameriprise Financial, Inc. (NYSE:AMP) news were published by: Forbes.com which released: “Ameriprise Financial Becomes Oversold” on October 26, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Astoria Financial, MetLife and Ameriprise Financial” on November 01, 2016. Businesswire.com‘s news article titled: “A.M. Best Affirms Credit Ratings of Ameriprise Financial, Inc. and Its …” with publication date: November 02, 2016 was also an interesting one.

AMP Company Profile

Ameriprise Financial, Inc., incorporated on October 29, 1983, is a diversified financial services firm that offers financial solutions to individual and institutional clients. The Firm operates in five divisions: Advice & Wealth Management; Asset Management; Annuities; Protection, and Corporate & Other. 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. The retail services and products that use the Ameriprise Financial brand include those that the Company provides through its advisors (financial planning investment advisory accounts and retail brokerage services) and services and products that the Company markets directly to clients or through affinity groups (personal auto and home insurance). The Firm uses its RiverSource brand for its annuity and protection products issued by the RiverSource Life companies, including its life and disability income insurance products. The Company’s brand, Columbia Threadneedle Investments, has asset management capabilities.

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