Billionaire Andreas Halvorsen’s Top 15 Long-Term Stock Picks

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11. Ameriprise Financial, Inc. (NYSE:AMP)

Number of Hedge Fund Holders: 34

Viking Global’s Stake: $114.2 million  

Ameriprise Financial, Inc. (NYSE:AMP) is a diversified financial services company and bank holding company based in Minneapolis, Minnesota. The following aspects make the company an attractive prospect for investors. The first compelling factor is the positive financial growth depicted in the third quarter report of 2024. For instance, the adjusted operating earnings per diluted share increased 17% to $9.02, excluding unlocking and severance expenses associated with the company’s initiatives to enhance operational efficiency and effectiveness. Secondly, the company has announced a partnership with NeoGenomics. This partnership aims to expand access to personalized disease monitoring for blood cancer patients and use both companies’ expertise to enhance diagnostic capabilities and improve patient outcomes. Moreover, the company’s 2025 investment outlook also anticipates stable economic conditions in the US, contributing to continued growth in S&P 500 profits and opening doors to investment.

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