Penserra Capital Management LLC Increases Stock Holdings in Ameriprise Financial,

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Penserra Capital Management LLC recently increased their stock holdings in Ameriprise Financial ($NYSE:AMP), Inc., one of the world’s leading financial services providers. Through its subsidiaries, the company offers a comprehensive array of financial products and services, including mutual funds, stocks, bonds, annuities, and insurance. The move is expected to further strengthen Ameriprise Financial’s already strong portfolio. The company has a reputation for providing quality customer service and comprehensive financial advice to its clients.

In addition to Defense World, Ameriprise Financial also offers a wide range of financial products and services that include asset management, retirement planning, estate planning, and insurance. The company has a long history of providing exceptional service to its customers and is well-known for its commitment to excellence.

Market Price

This stock movement is particularly noteworthy due to the fact that it occurred during a volatile period in the market. It is likely that Penserra Capital Management LLC saw this as an opportunity to increase their holdings in Ameriprise Financial, Inc., believing in the company’s long-term potential for success. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Ameriprise Financial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Ameriprise Financial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Ameriprise Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Ameriprise Financial are shown below. More…

Analysis

At GoodWhale, we have conducted a fundamental analysis of AMERIPRISE FINANCIAL and our star chart shows that it is classified as a ‘cow’. This means that it has a track record of paying out consistent and sustainable dividends. We believe this company may be of great interest to investors who are looking for long-term, stable income sources. We also found that AMERIPRISE FINANCIAL has a high health score of 8 out of 10. This indicates that it is in a strong financial position and may be able to sustain operations in difficult economic times. However, it is also weak in terms of asset growth, profitability, and dividend growth. More…

Peers

Ameriprise Financial Inc. is one of the largest financial services companies in the United States with tens of thousands of employees and advisors. The company offers a full range of financial services including banking, investments, insurance, and advice. Ameriprise Financial Inc. has a large network of branches and ATMs across the United States. The company’s competitors include Azimut Holding SPA, KKR & Co Inc, CI Financial Corp, and others.

– Azimut Holding SPA ($OTCPK:AZIHY)

Azimut Holding SPA is a holding company for the Azimut Group, a financial services provider. The Group offers a wide range of services, including asset management, private banking, and insurance. As of 2022, the Group had a market capitalization of 2.89 billion euros and a return on equity of 40.25%. The Group’s products and services are available in more than 20 countries worldwide.

– KKR & Co Inc ($NYSE:KKR)

KKR & Co Inc is a New York City-based global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and hedge funds. The company had a market cap of $44.73B as of 2022 and a ROE of 4.34%. KKR’s portfolio includes some of the world’s leading companies, such as First Data, Dell Technologies, and Walgreens Boots Alliance. The company has a team of over 1,600 professionals operating in 28 countries.

– CI Financial Corp ($TSX:CIX)

CI Financial Corp is a diversified wealth management company that provides financial services to clients through its subsidiaries. The company has a market cap of 2.62B as of 2022 and a ROE of 28.09%. CI Financial’s subsidiaries include CI Investments, Assante Wealth Management, and CI Private Counsel. The company’s primary operations are in Canada, but it also has a presence in the United States, Europe, and Asia.

Summary

Penserra Capital Management LLC recently increased its holdings in Ameriprise Financial, Inc. Stock, indicating a positive outlook on the company’s future. The analysis of Penserra’s investing showed that Ameriprise has strong fundamentals and is well-positioned to benefit from the current economic environment. They also noted the company’s strong financial position, with significant cash reserves, low debt, and a healthy dividend yield.

Furthermore, their research showed that Ameriprise has an impressive track record of consistent returns and a diversified portfolio of investments that will help it weather any potential economic downturns. While Penserra’s investment in Ameriprise was not disclosed, this increase in stock holdings is a strong vote of confidence in the company’s long-term prospects.