Ameriprise Financial (AMP) Receives a Buy from Bank of America Securities
In a report released today, Craig Siegenthaler from Bank of America Securities maintained a Buy rating on Ameriprise Financial, with a price target of $653.00.
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Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, Ares Management, and Janus Henderson Group. According to TipRanks, Siegenthaler has an average return of 20.4% and a 63.95% success rate on recommended stocks.
In addition to Bank of America Securities, Ameriprise Financial also received a Buy from Jefferies’s Suneet Kamath in a report issued on November 24. However, on December 1, BMO Capital maintained a Hold rating on Ameriprise Financial (NYSE: AMP).
Based on Ameriprise Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.87 billion and a net profit of $912 million. In comparison, last year the company earned a revenue of $4.56 billion and had a net profit of $511 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMP in relation to earlier this year. Last month, Robert Francis Sharpe, a Director at AMP sold 1,500.00 shares for a total of $676,410.00.
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