Markets
NewEdge Advisors LLC Sells 4,724 Shares of Ameriprise Financial, Inc. $AMP
NewEdge Advisors LLC significantly reduced its stake in Ameriprise Financial, Inc. (NYSE:AMP) by selling 4,724 shares, decreasing its position by 29.7% in the second quarter. Despite this, Ameriprise Financial continues to be a "Moderate Buy" according to analysts, with a consensus target price of $555.33, and the company reported strong Q2 earnings, beating analyst estimates with $11.07 EPS. Institutional investors collectively own 83.95% of the stock, though some large holders like California