Today, the Chairman & CEO of Ameriprise Financial (NYSE: AMP), James Cracchiolo, bought shares of AMP for $1.01M.
This is Cracchiolo’s first Buy trade following 23 Sell transactions. This recent transaction increases James Cracchiolo’s holding in the company by 3.13% to a total of $32.75 million.
See today’s analyst top recommended stocks >>
Based on Ameriprise Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.17 billion and quarterly net profit of $594 million. In comparison, last year the company earned revenue of $2.9 billion and had a net profit of $403 million. AMP’s market cap is $19.47B and the company has a P/E ratio of 12.51. Currently, Ameriprise Financial has an average volume of 1.05M.
12 different firms, including Barclays and Citigroup, currently also have a Buy rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $169.57, reflecting a -20.1% downside.
The insider sentiment on Ameriprise Financial has been neutral according to 106 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
James Cracchiolo’s trades have generated a -5.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ameriprise Financial, Inc. operates as a holding company. The company provides financial planning, asset management and insurance services to individuals, businesses and institutions. It operates through five segments: Advice & Wealth Management; Asset Management; Annuities; Protection; and Corporate & Other.
