Today, the EVP & CFO of Ameriprise Financial (NYSE: AMP), Walter Stanley Berman, bought shares of AMP for $500K.
This recent transaction increases Walter Stanley Berman’s holding in the company by 17.2% to a total of $3.38 million. This is Berman’s first Buy trade following 13 Sell transactions.
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Based on Ameriprise Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $3.18 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. The company has a one-year high of $183.90 and a one-year low of $118.84. AMP’s market cap is $19.28B and the company has a P/E ratio of 12.28.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $169.57, reflecting a -22.5% downside. 12 different firms, including Barclays and Citigroup, currently also have a Buy rating on the stock.
The insider sentiment on Ameriprise Financial has been negative according to 107 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Walter Stanley Berman’s trades have generated a -18.2% 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.
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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.
