AMERIPRISE FINANCIAL INC
No SEC Form 4 filings for $AMP in the last 30 days.
The article discusses Australia’s government proposals in three consultations covering superannuation member protections, lead generator conduct, and the Compensation Scheme of Last Resort (CSLR). According to panelists, CSLR’s “but for” provision is problematic because clients may still profit while using it. It also reports concerns about Treasury’s plan to stop super trustees deducting advice fees in certain switch cases.
AMP shares on the ASX rose 38% over two months after falling 36% into March lows, reaching an RSI of 70.96 (overbought), but remain 12.57% lower year-to-date. The rebound followed AMP’s A$150 million on-market buyback (about 10% of shares) and an Outperform upgrade by Macquarie, alongside cost-reduction progress. AMP’s FY25 statutory profit fell ~11% to A$133 million, missing consensus.
Bristol Gate Capital Partners Inc. reduced its stake in Cintas Corporation (NASDAQ:CTAS) by 1.5% in the fourth quarter, selling 5,843 shares. Despite this, Cintas remains the firm's 19th largest holding, making up 4.1% of their portfolio. Other institutional investors like Vanguard Group Inc. and Nordea Investment Management AB increased their positions in Cintas during the same period.
