Ameriprise Financial Inc. (NYSE:AMP) traded today at a new 52-week high of $220.98. So far today approximately 244,000 shares have been exchanged, as compared to an average 30-day volume of 623,000 shares.
In the past 52 weeks, shares of Ameriprise Financial Inc. have traded between a low of $80.01 and a high of $220.98 and is now at $220.54, which is 176% above that low price.
Ameriprise Financial Inc. (NYSE:AMP) is currently priced 1.3% above its average consensus analyst price target of $217.62.
Spun off from American Express in 2005, Ameriprise Financial has emerged as a major player in the U.S. market for asset and wealth management, with around $970 billion in total assets under management and advisement at the end of 2019. Ameriprise has one of the largest branded advisor networks in the industry, and over 70% of the company’s revenue comes from its asset and wealth management segments. Ameriprise has reduced its exposure to insurance with the sale of its auto and home insurance business in 2019 and discontinuing the sale of its proprietary fixed annuities in 2020. Around 90% of the company’s pretax earnings are from the United States.
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