Ameriprise Financial, Inc.’s Stock Price Drops to $429.05, Reflecting a 3.76% Decline: Is it Time to Buy?

Ameriprise Financial, Inc. (AMP)

429.05 USD -16.75 (-3.76%) Volume: 1.06M

Amid a trading session downturn of -3.76%, Ameriprise Financial, Inc.’s stock price stands resilient at 429.05 USD, driven by a robust YTD growth of +12.96% and sustained trading volume of 1.06M, signifying the firm’s strong market performance and investor confidence.

Latest developments on Ameriprise Financial, Inc.

Ameriprise Financial, Inc. (NYSE:AMP) has been making waves in the stock market recently, with its share price climbing by an impressive 4.4% over the past week. The company’s large institutional owners are likely pleased with this positive trend. Additionally, there has been a significant increase in short interest in Ameriprise Financial, Inc. (NYSE:AMP), expanding by 30.0%. Various investment firms such as Susquehanna Fundamental Investments LLC, KCM Investment Advisors LLC, and Norden Group LLC have taken new positions or made significant investments in Ameriprise Financial, Inc. (NYSE:AMP). The stock recently hit a new 12-month high at $446.69, further boosting investor confidence. Meeder Asset Management Inc. has also increased its stock position in the company, indicating growing interest in Ameriprise Financial‘s future prospects.

A look at Ameriprise Financial, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Ameriprise Financial has a positive long-term outlook, with high scores in Growth and Resilience. This indicates that the company is well-positioned for future expansion and is able to withstand economic challenges. While the Value and Dividend scores are not as high, the strong performance in Growth and Resilience suggests that Ameriprise Financial may still be a solid investment choice for those looking for long-term growth potential.

Ameriprise Financial, Inc. is a financial planning and services firm that offers a range of solutions for clients’ financial needs. With a focus on growth and resilience, the company aims to provide clients with options for cash and liquidity management, asset accumulation, income generation, and wealth transfer. Despite some lower scores in Value and Dividend factors, Ameriprise Financial‘s overall outlook remains positive, making it a company worth considering for investors seeking long-term stability and growth.

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