Piper Sandler analyst John Barnidge maintained a Sell rating on Ameriprise Financial (AMP – Research Report) today and set a price target of $392.00. The company’s shares closed yesterday at $428.89.
According to TipRanks, Barnidge is a 5-star analyst with an average return of 10.2% and a 60.24% success rate. Barnidge covers the Financial sector, focusing on stocks such as AFLAC, Ameriprise Financial, and Assurant.
Ameriprise Financial has an analyst consensus of Moderate Buy, with a price target consensus of $440.67.
Based on Ameriprise Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.17 billion and a net profit of $377 million. In comparison, last year the company earned a revenue of $3.72 billion and had a net profit of $649 million
Based on the recent corporate insider activity of 61 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.
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 (AMP) Company Description:
Founded in 1894, Minnesota-based Ameriprise Financial, Inc. provides various financial products and services to individual and institutional clients. The company operates through five segments: Advice & Wealth Management, Asset Management, Annuities, Protection, and Corporate & Other.
