Ameriprise Financial (AMP) Receives a Buy from RBC Capital
In a report released yesterday, Kenneth Lee from RBC Capital maintained a Buy rating on Ameriprise Financial, with a price target of $550.00.
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According to TipRanks, Lee is a 5-star analyst with an average return of 11.5% and a 65.61% success rate. Lee covers the Financial sector, focusing on stocks such as Ares Management, Ameriprise Financial, and Federated Hermes.
In addition to RBC Capital, Ameriprise Financial also received a Buy from Bank of America Securities’s Craig Siegenthaler in a report issued on December 10. However, yesterday, Piper Sandler maintained a Sell 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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- Ameriprise price target raised to $485 from $484 at Morgan Stanley
- Ameriprise price target raised to $653 from $592 at BofA
- Ameriprise Financial Appoints Liane Pelletier as Director
- Ameriprise price target lowered to $550 from $601 at RBC Capital
- Ameriprise price target lowered to $530 from $550 at Keefe Bruyette
