In recent financial news, Greg Landsman, a member of Congress from Ohio's 1st congressional district, has made several significant trades. These transactions involve stocks of Ameriprise Financial, Inc. (NYSE:AMP (OTC:AMLTF)), a financial services giant with a market capitalization of $53.18 billion, Eli Lilly and Company (NYSE:NYSE:LLY), and United Rentals , Inc. (NYSE:NYSE:URI). According to InvestingPro data, AMP has demonstrated remarkable performance with a 46% gain year-to-date.
Landsman purchased stocks of Ameriprise Financial, Inc. and United Rentals, Inc., with each transaction falling in the range of $1,001 to $15,000. These purchases were made on November 8, 2024, and reported on December 9, 2024.
Notably, InvestingPro analysis shows Ameriprise Financial maintains an impressive 20-year streak of consecutive dividend increases, with a current dividend yield of 1.08%. The company's financial health score is rated as "GREAT" by InvestingPro, which offers 8 additional valuable insights about AMP's performance and prospects.
In contrast, Landsman sold stocks of Eli Lilly and Company, a pharmaceutical corporation. The sale, occurring on the same date as the purchases, was of a higher value, ranging from $15,001 to $50,000.
All these transactions were made through Landsman's account with Rockefeller Capital Management. It is noteworthy that these trades were new additions to his portfolio, as indicated by the filing state.
These transactions provide a glimpse into the investment strategy of the Congressman from Ohio's 1st district. However, as with any investment, it's crucial for investors to conduct their own research and consider their financial situation and risk tolerance before making any decisions.
As per the STOCK Act, these transactions were disclosed in a timely manner, ensuring transparency and ethical conduct in the financial dealings of congressional members. Landsman's recent trades highlight the importance of this act, which aims to prevent insider trading and maintain trust in the financial markets.
In conclusion, the recent trades by Greg Landsman offer valuable insight into the investment trends of our congressional representatives. For investors seeking deeper analysis, InvestingPro provides comprehensive research reports on AMP and 1,400+ other US stocks, transforming complex Wall Street data into actionable intelligence.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.