Ameriprise Financial (AMP) Gets a Sell from Morgan Stanley
Morgan Stanley analyst Michael Cyprys maintained a Sell rating on Ameriprise Financial today and set a price target of $485.00.
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According to TipRanks, Cyprys is a 4-star analyst with an average return of 4.2% and a 53.72% success rate. Cyprys covers the Financial sector, focusing on stocks such as Marketaxess Holdings, Tradeweb Markets, and Intercontinental Exchange.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ameriprise Financial with a $553.25 average price target.
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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