Momentum Stocks Watch: Ameriprise Financial, Inc. (AMP)

Company Profile:

Ameriprise Financial, Inc., through its subsidiaries, provides various financial products and services to individual and institutional clients in the United States and internationally. It operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other. The company was formerly known as American Express Financial Corporation and changed its name to Ameriprise Financial, Inc. in September 2005. Ameriprise Financial, Inc. was founded in 1894 and is headquartered in Minneapolis, Minnesota.

Recent News:

The Board of Directors of the company has authorized an additional $2.5 billion for the repurchase of shares of its common stock through March 31, 2021. Through the fourth quarter of 2018, the company had repurchased approximately $2.0 billion of its current $2.5 billion authorization, and the remaining capacity will continue to be available through June 30, 2019.

The Board of Directors has declared a quarterly cash dividend of $0.90 per common share payable on February 28, 2019 to shareholders of record at the close of business on February 15, 2019.

The company reported fourth quarter 2018 net income of $539 million, or $3.76 per diluted share. Adjusted operating earnings excluding items(1) increased 12 percent to $544 million, with adjusted operating earnings per diluted share excluding items(1) up 21 percent to $3.80. Full year 2018 net income per diluted share was $14.20. Adjusted operating earnings per diluted share excluding items(1) increased 27 percent to $14.94.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AMP’s strengths can be seen in its strong profitability and robust efficiency compared with its peers. Its revenue and net income have increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the MACD is trying to cross back up and the RSI stands at 55.94 with positive bias. We rate Ameriprise Financial, Inc. (AMP) a STRONG BUY.

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