Ameriprise Financial Inc (AMP): Today's Featured Financial Services Winner

Ameriprise Financial ( AMP) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 0.5%. By the end of trading, Ameriprise Financial rose 89 cents (1.7%) to $52.15 on average volume. Throughout the day, 1.4 million shares of Ameriprise Financial exchanged hands as compared to its average daily volume of 1.6 million shares. The stock ranged in a price between $50.94-$52.60 after having opened the day at $51.10 as compared to the previous trading day's close of $51.26. Other companies within the Financial Services industry that increased today were: Ampal-American Israel Corporation ( AMPL), up 16.4%, Security National Financial Corporation ( SNFCA), up 9.8%, Teucrium Agricultural Fund ( TAGS), up 9.6%, and Direct Markets Holdings ( MKTS), up 8.5%.

Ameriprise Financial Inc., through its subsidiaries, provides a range of financial products and services in the United States and internationally. Ameriprise Financial has a market cap of $11.17 billion and is part of the financial sector. The company has a P/E ratio of 11.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 3% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate Ameriprise Financial a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Ameriprise Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Knight Capital Group ( KCG), down 11.1%, Penson Worldwide ( PNSN), down 6.1%, Interactive Brokers Group ( IBKR), down 4.2%, and Ladenburg Thalman Financial Services ( LTS), down 3.7%, were all losers within the financial services industry with Goldman Sachs Group ( GS) being today's financial services industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial services industry could consider Proshares Short Financials ( SEF).
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