Ameriprise Financial Inc [AMP] stock is trading at $473.14, up 0.71%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMP shares have gain 2.11% over the last week, with a monthly amount glided 5.27%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ameriprise Financial Inc [NYSE: AMP] stock has seen the most recent analyst activity on September 26, 2024, when Goldman downgraded its rating to a Neutral and also revised its price target to $476 from $485. On January 04, 2024, downgrade downgraded it’s rating to In-line and revised its price target to $400 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $452 on January 03, 2024. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on December 19, 2022, but kept the price target unchanged to $325. In a note dated September 07, 2022, BofA Securities initiated an Buy rating and provided a target price of $336 on this stock.
Ameriprise Financial Inc [AMP] stock has fluctuated between $306.63 and $471.57 over the past year. Currently, Wall Street analysts expect the stock to reach $445.43 within the next 12 months. Ameriprise Financial Inc [NYSE: AMP] shares were valued at $473.14 at the most recent close of the market. An investor can expect a potential drop of -5.86% based on the average AMP price forecast.
Analyzing the AMP fundamentals
Ameriprise Financial Inc [NYSE:AMP] reported sales of 17.01B for the trailing twelve months, which represents a growth of 9.97%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.67 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.2.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 467.37 points at the first support level, and at 461.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 477.55, and for the 2nd resistance point, it is at 481.95.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 2.73, the price to book ratio is 9.33 and price to earnings (TTM) ratio is 16.21.
Transactions by insiders
Recent insider trading involved Davies William, EXECUTIVE VP, GLOBAL CIO, that happened on Aug 30 ’24 when 8700.0 shares were sold. Officer, William Davies completed a deal on Aug 30 ’24 to buy 8700.0 shares. Meanwhile, CEO, GLOBAL ASSET MANAGEMENT TRUSCOTT WILLIAM F sold 15584.0 shares on Aug 28 ’24.
