New insider activity at Ameriprise Financial ( (AMP) ) has taken place on February 11, 2025.
William Truscott, the CEO of Global Asset Management, has recently sold 6,000 shares of Ameriprise Financial stock, with the transaction valued at $3,241,740.
Recent Updates on AMP stock
In the last 24 hours, several financial analysts updated their price targets for Ameriprise Financial, reflecting its recent performance and strategic outlook. Argus raised its price target due to strong revenue growth driven by net inflows, the addition of experienced advisers, and growth at Ameriprise Bank, despite some equity and fixed income volatility. Argus also increased its 2025 EPS estimate based on expected growth in Advice & Wealth Management and asset management. Keefe Bruyette adjusted its target following Ameriprise’s EPS beat, acknowledging improved organic growth in Wealth Management but noted weaker earnings and margins in this segment. Piper Sandler also raised its price target but cautioned that the earnings beat was primarily driven by Corporate and tax benefits, suggesting underlying earnings power was weaker than expected. Ameriprise’s recent earnings call highlighted robust financial health with record assets under management, strong revenue and earnings growth, high return on equity, and positive client satisfaction ratings. However, challenges such as a decline in net interest income and outflows in institutional asset management were noted. The company remains focused on enhancing digital tools and investing in AI to support future growth.
More about Ameriprise Financial
YTD Price Performance: 1.63%
Average Trading Volume: 499,137
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.25B
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