Huntington Bank to Transfer $28 Billion Wealth Management Division to Ameriprise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy AMP?
Source: Barron's
Ameriprise Financial's New Partnership: Ameriprise Financial has secured a deal to provide brokerage services and technology support to Huntington National Bank.
Focus on Institutional Business: This agreement marks a significant win for Ameriprise's institutional business segment.
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Analyst Views on AMP
Wall Street analysts forecast AMP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMP is 540.00 USD with a low forecast of 434.00 USD and a high forecast of 653.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
4 Hold
2 Sell
Hold
Current: 535.020
Low
434.00
Averages
540.00
High
653.00
Current: 535.020
Low
434.00
Averages
540.00
High
653.00
About AMP
Ameriprise Financial, Inc. is a diversified financial services company. The Company’s segments include Advice & Wealth Management, Asset Management, Retirement & Protection Solutions and Corporate & Other. The Advice & Wealth Management segment provides financial planning and advice, as well as full-service brokerage services, primarily to retail clients through the Company’s advisors. The Asset Management segment provides investment management, advice and products to retail, high net worth and institutional clients on a global scale through the Columbia Threadneedle Investments brand. It provides institutional products and services through its institutional sales force. The Retirement & Protection Solutions segment includes retirement solutions (variable annuities and payout annuities) and protection solutions (life and disability income insurance). Retirement Solutions provides variable annuity products by RiverSource Life companies to individual clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ameriprise Financial (AMP.US) Officer Plans to Sell $3.81 Million in Common Stock via Form 144
- Stock Sale Announcement: Officer Walter Stanley Berman plans to sell 7,000 shares of its common stock on February 5.
- Market Value: The total market value of the shares to be sold is approximately $3.81 million.
See More
Huntington Bank to Transfer $28 Billion Wealth Management Division to Ameriprise
Ameriprise Financial's New Partnership: Ameriprise Financial has secured a deal to provide brokerage services and technology support to Huntington National Bank.
Focus on Institutional Business: This agreement marks a significant win for Ameriprise's institutional business segment.
See More
Preview of the Review: Cast No Shadow
- Stock Market Performance: Stocks are experiencing a rise similar to January's performance, indicating positive investor sentiment.
- Influencing Factors: Fresh economic data and a strong upcoming earnings season are contributing to the optimistic outlook among investors.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
- AMZN Stock Outlook: Analysts' opinions on Amazon (AMZN) stock reveal a divergence in expectations for its future performance, prompting investors to pay attention to the latest ratings and price targets.
- Impact of Rating Changes: Upgrades and downgrades from analysts can lead to stock price volatility, necessitating that investors closely monitor these changes to adjust their investment strategies accordingly.
- Market Dynamics Observation: Changes in the overall market environment and economic data may also impact analysts' rating decisions, requiring investors to remain vigilant to address potential market risks.
See More
Ameriprise Financial Upgraded to Neutral by Piper Sandler
- Rating Upgrade: Piper Sandler upgraded Ameriprise Financial's rating from Underweight to Neutral, reflecting the stability in margins of its Advice & Wealth Management business, which indicates growing market confidence in its future performance.
- Price Target Increase: The price target was raised from $434 to $530, signaling optimism about the company's growth potential, particularly following the Q4 earnings report that exceeded expectations, further bolstering investor confidence.
- Strong Earnings Report: Ameriprise reported Q4 non-GAAP EPS of $10.83, beating estimates by $0.52, with revenue of $5.05 billion, an 8.6% year-over-year increase, showcasing the company's competitive edge and profitability in the market.
- Positive Market Reaction: Following the upgrade, Ameriprise's stock rose by 1.24% to $527.82, reflecting investor optimism about the company's future performance, especially as analysts noted that many headwinds are receding.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, reflecting a shift in market sentiment that could influence investor decisions and market trends.
- Overview of Changes: The rating changes include upgrades, downgrades, and new initiations, showcasing analysts' responsiveness to market dynamics, which may prompt investors to reassess their portfolios.
- Investor Focus: For those considering buying LUV stock, analysts' perspectives will serve as a crucial reference, impacting their timing and strategy, potentially affecting the stock's short-term performance.
- Market Information Source: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, urging investors to monitor these changes to optimize their investment strategies.
See More
Ameriprise Financial (AMP.US) Officer Plans to Sell $3.81 Million in Common Stock via Form 144
- Stock Sale Announcement: Officer Walter Stanley Berman plans to sell 7,000 shares of its common stock on February 5.
- Market Value: The total market value of the shares to be sold is approximately $3.81 million.
See More
Huntington Bank to Transfer $28 Billion Wealth Management Division to Ameriprise
Ameriprise Financial's New Partnership: Ameriprise Financial has secured a deal to provide brokerage services and technology support to Huntington National Bank.
Focus on Institutional Business: This agreement marks a significant win for Ameriprise's institutional business segment.
See More
Preview of the Review: Cast No Shadow
- Stock Market Performance: Stocks are experiencing a rise similar to January's performance, indicating positive investor sentiment.
- Influencing Factors: Fresh economic data and a strong upcoming earnings season are contributing to the optimistic outlook among investors.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Changes: Top Wall Street analysts have adjusted their ratings on several companies, indicating a shift in market sentiment that could influence investor decisions and market trends.
- AMZN Stock Outlook: Analysts' opinions on Amazon (AMZN) stock reveal a divergence in expectations for its future performance, prompting investors to pay attention to the latest ratings and price targets.
- Impact of Rating Changes: Upgrades and downgrades from analysts can lead to stock price volatility, necessitating that investors closely monitor these changes to adjust their investment strategies accordingly.
- Market Dynamics Observation: Changes in the overall market environment and economic data may also impact analysts' rating decisions, requiring investors to remain vigilant to address potential market risks.
See More
Ameriprise Financial Upgraded to Neutral by Piper Sandler
- Rating Upgrade: Piper Sandler upgraded Ameriprise Financial's rating from Underweight to Neutral, reflecting the stability in margins of its Advice & Wealth Management business, which indicates growing market confidence in its future performance.
- Price Target Increase: The price target was raised from $434 to $530, signaling optimism about the company's growth potential, particularly following the Q4 earnings report that exceeded expectations, further bolstering investor confidence.
- Strong Earnings Report: Ameriprise reported Q4 non-GAAP EPS of $10.83, beating estimates by $0.52, with revenue of $5.05 billion, an 8.6% year-over-year increase, showcasing the company's competitive edge and profitability in the market.
- Positive Market Reaction: Following the upgrade, Ameriprise's stock rose by 1.24% to $527.82, reflecting investor optimism about the company's future performance, especially as analysts noted that many headwinds are receding.
See More
Wall Street Analysts Adjust Ratings
- Analyst Rating Updates: Top Wall Street analysts have adjusted their ratings on several companies, reflecting a shift in market sentiment that could influence investor decisions and market trends.
- Overview of Changes: The rating changes include upgrades, downgrades, and new initiations, showcasing analysts' responsiveness to market dynamics, which may prompt investors to reassess their portfolios.
- Investor Focus: For those considering buying LUV stock, analysts' perspectives will serve as a crucial reference, impacting their timing and strategy, potentially affecting the stock's short-term performance.
- Market Information Source: This information is provided by Benzinga, highlighting the significance of analyst ratings in investment decisions, urging investors to monitor these changes to optimize their investment strategies.
See More
