A major move is in the offing as Ameriprise Financial Inc. (AMP) market cap hits 35.19 billion

Ameriprise Financial Inc. (NYSE: AMP) on January 24, 2023, started off the session at the price of $334.66, soaring 0.73% from the previous trading day. During the day, the shares moved up to $343.72 and dropped to $334.66 before settling in for the closing price of $338.53. Within the past 52 weeks, AMP’s price has moved between $219.99 and $339.72.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.


During the last 5-year period, the sales growth of Financial Sector giant was 2.60%. The company achieved an average annual earnings per share of 88.50%. With a float of $106.15 million, this company’s outstanding shares have now reached $110.50 million.

Let’s determine the extent of company efficiency that accounts for 12000 employees. In terms of profitability, gross margin is +57.49, operating margin of +26.11, and the pretax margin is +24.13.

Ameriprise Financial Inc. (AMP) Insider Activity

Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Ameriprise Financial Inc. is 0.20%, while institutional ownership is 85.20%. The most recent insider transaction that took place on Dec 27, was worth 127,358. In this transaction INTERIM CONTROLLER AND PAO of this company sold 410 shares at a rate of $310.63, taking the stock ownership to the 875 shares. Before that another transaction happened on Nov 23, when Company’s CHAIRMAN AND CEO sold 13,050 for $333.02, making the entire transaction worth $4,345,967. This insider now owns 160,597 shares in total.

Ameriprise Financial Inc. (AMP) Earnings and Forecasts

As on 9/29/2022, Multinational firm has announced its last quarter scores, in which it reported $6.43 earnings per share (EPS) for the period topping the consensus outlook (set at $5.85) by $0.58. This company achieved a net margin of +19.88 while generating a return on equity of 47.78. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.71 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 88.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.66% during the next five years compared to 24.10% growth over the previous five years of trading.

Ameriprise Financial Inc. (NYSE: AMP) Trading Performance Indicators

Ameriprise Financial Inc. (AMP) is currently performing well based on its current performance indicators. A price to sales ratio for the trailing twelve months stands at 2.44. Likewise, its price to free cash flow for the trailing twelve months is 8.68.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 24.00, a number that is poised to hit 6.47 in the next quarter and is forecasted to reach 29.16 in one year’s time.

Technical Analysis of Ameriprise Financial Inc. (AMP)

Looking closely at Ameriprise Financial Inc. (NYSE: AMP), its last 5-days average volume was 0.56 million, which is a jump from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 87.03%. Additionally, its Average True Range was 7.44.

During the past 100 days, Ameriprise Financial Inc.’s (AMP) raw stochastic average was set at 97.12%, which indicates a significant increase from 92.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.85% in the past 14 days, which was lower than the 33.28% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $322.41, while its 200-day Moving Average is $281.84.

Ameriprise Financial Inc. (NYSE: AMP) Key Stats

Market capitalization of the company is 35.19 billion based on 106,417K outstanding shares. Right now, sales total 13,431 M and income totals 2,760 M. The company made 3,491 M in profit during its latest quarter, and 548,000 K in sales during its previous quarter.


On What Basis Did Swvl Holdings Corp (SWVL) Stock Rise 47% Pre-Hours?

When last checked, Swvl Holdings Corp. (Nasdaq: SWVL), a...

What Drove Organovo (ONVO) Stock Up 15% In After-Hour Session On Tuesday?

Shares of Organovo Holdings Inc. (Nasdaq: ONVO) were up...

Is There Any Reason As To Why The Zai Lab (ZLAB) Stock Expanded By 13%?

The biopharmaceutical business Zai Lab Limited (NASDAQ: ZLAB), which...



Don't miss

Did Anything Boost ObsEva (OBSV) Stock In Pre-Hours Trading?

Following an update, shares of ObsEva SA (NASD: OBSV)...

How Did The Kalera (KAL) Stock Rise 32% Pre-Hours?

At the time of the most recent check, shares...

Why Has Selina Hospitality (SLNA) Stock Increased In Extended Session On Friday?

The stock of Selina Hospitality PLC (NASD: SLNA), which...

Do You Know Why Evolv Technologies (EVLV) Stock Surged Nearly 10% Today?

Today's charts show Evolv Technologies Holdings Inc. (Nasdaq: EVLV)...

5 Best TaaS Stocks to Buy Right Now

TaaS stock refers to a financial asset sold by...

Fortinet Inc. (FTNT) recently have taken one step ahead with the beta value of 1.14

As on January 25, 2023, Fortinet Inc. (NASDAQ: FTNT) got off with the flyer as it spiked 1.31% to $51.76. During the day, the...

A Little Luck Can Go a Long Way with Rackspace Technology Inc. (RXT) as it 5-day change was 0.35%

Rackspace Technology Inc. (NASDAQ: RXT) started the day on January 25, 2023, with a price decrease of -1.71% at $2.87. During the day, the...

Vascular Biogenics Ltd. (VBLT) 14-day ATR is 0.01: This Stock is Set to Soar Above its Peers

Vascular Biogenics Ltd. (NASDAQ: VBLT) open the trading on January 25, 2023, with great promise as it jumped 1.27% to $0.16. During the day,...


Please enter your comment!
Please enter your name here