Michael Cyprys, an analyst from Morgan Stanley, maintained the Hold rating on Ameriprise Financial (AMP – Research Report). The associated price target was raised to $542.00.
Michael Cyprys has given his Hold rating due to a combination of factors impacting Ameriprise Financial. One of the primary reasons is the adjustment in earnings projections following the company’s fourth-quarter results for 2024. The analyst lowered the estimated adjusted earnings per share for the first quarter of 2025 due to increased general and administrative expenses, as well as reduced management and advisory fees.
Additionally, while the price target for Ameriprise Financial was increased, reflecting some positive outlook, the overall assessment remains cautious. The stock’s current market conditions and valuation suggest that investors might not see significant short-term gains, leading to the Hold rating. This indicates that while there are some positive aspects, the potential for substantial growth is limited in the near term.
Based on the recent corporate insider activity of 69 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.