Company newsJPM
Explain this story: Marotta Asset Management Makes New Investment in Ameriprise Financial, Inc. $AMP
Marotta Asset Management has initiated a new investment in Ameriprise Financial (NYSE: AMP), acquiring 27,318 shares valued at approximately $13.45 million, representing 2.2% of its portfolio. This move comes as institutional investors collectively own a significant 83.95% of AMP. The financial services provider recently reported strong quarterly earnings, exceeding estimates with an EPS of $11.07 and an 11.6% increase in revenue, and has authorized a $5.5 billion share-repurchase plan.
OtherMarketBeatSector and industry: FinancialsBanks — DiversifiedTell me moreShow less
We have not explained this story yet. The original headline, summary and link are below.
Marotta Asset Management has initiated a new investment in Ameriprise Financial (NYSE: AMP), acquiring 27,318 shares valued at approximately $13.45 million, representing 2.2% of its portfolio. This move comes as institutional investors collectively own a significant 83.95% of AMP. The financial services provider recently reported strong quarterly earnings, exceeding estimates with an EPS of $11.07 and an 11.6% increase in revenue, and has authorized a $5.5 billion share-repurchase plan.
Article tone: Neutral This describes the words the journalist used. It is not a prediction, and not advice.
Also mentioned:JPM
Published Oct 2, 2026, 19:11 ET · on this site +1h 47m