KBW analyst Ryan Krueger assigned a Hold rating to Ameriprise Financial (AMP – Research Report) yesterday and set a price target of $460.00. The company’s shares closed yesterday at $421.38.
According to TipRanks, Krueger is a 5-star analyst with an average return of 13.1% and a 72.09% success rate. Krueger covers the Financial sector, focusing on stocks such as Globe Life, Ameriprise Financial, and Metlife.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ameriprise Financial with a $458.44 average price target, an 8.79% upside from current levels. In a report released on April 9, Morgan Stanley also maintained a Hold rating on the stock with a $437.00 price target.
AMP market cap is currently $41.78B and has a P/E ratio of 17.59.
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.
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