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MINNEAPOLIS - Ameriprise Financial, Inc. (NYSE: NYSE:AMP (OTC:AMLTF)), a financial services leader with a market capitalization of $52 billion and an impressive InvestingPro Financial Health score of "GREAT," has expanded its board of directors with the addition of Glynis A. Bryan, effective March 1, 2025. Bryan, with her extensive background in finance and corporate governance, brings a wealth of knowledge to the Ameriprise board.
Bryan’s experience spans over a decade as the chief financial officer of Insight Enterprises Inc. (NASDAQ: NASDAQ:NSIT), where she served from 2007 until 2024. Her financial expertise was also honed in senior roles at Swift Transportation, Co., APL Logistics, and Ryder Systems, Inc. Bryan’s current board memberships include Pinnacle West Capital Corporation (NYSE:PNW) and Wesco International (NYSE:WCC), Inc., and her past directorship includes Pentair (NYSE:PNR) plc. Her appointment comes as Ameriprise demonstrates strong financial performance, with a 40% total return over the past year and a consistent track record of raising dividends for 20 consecutive years, according to InvestingPro data.
Jim Cracchiolo, chairman and chief executive officer of Ameriprise, expressed his enthusiasm for Bryan’s appointment, citing her expertise in finance, capital and risk management, technology, and digital transformation as valuable assets for the company’s future endeavors.
Ameriprise Financial has been a longstanding provider of financial services, marking 130 years of offering investment advice, asset management, and insurance solutions. The firm boasts a nationwide network of over 10,000 financial advisors dedicated to addressing the financial needs of individuals and institutional investors.
This announcement is based on a press release statement from Ameriprise Financial, Inc.
In other recent news, Ameriprise Financial reported a strong performance in the fourth quarter of 2024, with earnings per share (EPS) of $9.54, surpassing analyst expectations of $9.17. The company also saw a 13% increase in revenue year-over-year, reaching $4.5 billion, alongside a return on equity of 52.7%. Despite these positive results, the company’s stock experienced a decline of 5.36% post-earnings announcement, indicating potential investor concerns beyond the quarterly figures. Analysts from Keefe, Bruyette & Woods have increased their price target for Ameriprise Financial to $570 while maintaining a Market Perform rating, due to improved projections for 2025 and 2026. Meanwhile, Piper Sandler raised their price target to $442 but maintained an Underweight rating, citing challenges in the Advice & Wealth Management segment’s earnings and margins. The AWM division’s adjusted pre-tax operating margin was reported at 29%, with concerns about sustaining this level due to potential headwinds in net investment income growth. These developments highlight the mixed sentiment from analysts regarding Ameriprise Financial’s future performance.
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