US stock futures flounder amid tech weakness, Fed caution
James M. Cracchiolo, the Chairman and CEO of Ameriprise Financial Inc. (NYSE:AMP), a financial services company with a market capitalization of $48 billion and an "GREAT" financial health score according to InvestingPro, recently sold 33,692 shares of the company’s common stock. The transaction, dated July 31, was executed at a price of approximately $144.56 per share, totaling $4.87 million. Following this sale, Cracchiolo holds 132,752 shares directly. Additionally, he has an estimated 1,704.51 shares held indirectly through the Ameriprise Financial 401(k) plan. This transaction was part of a standard Form 4 filing with the SEC, reflecting changes in Cracchiolo’s ownership of Ameriprise stock. The company currently trades at a P/E ratio of 14.9x and maintains a 1.2% dividend yield, having raised its dividend for 20 consecutive years. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.
In other recent news, Amplifon (BIT:AMPF) reported its financial results for the fourth quarter of 2024, highlighting a revenue of €665 million, which marks an 8% increase at current foreign exchange rates. The company achieved a full-year revenue of €2,410 million, reflecting a 7% increase at constant exchange rates, while the recurring EBITDA grew by 4.8% to €568 million. Despite these gains, the EBITDA margin slightly decreased to 23.6% from 24% in the previous year. Amplifon has set a revenue growth target of 5% to 9% for 2025, expecting organic growth to outpace the market. The company is optimistic about the European market’s recovery, particularly in France, where it anticipates around 10% growth. Amplifon also expanded its U.S. store network to approximately 400 locations. Analysts from Barclays (LON:BARC) and JPMorgan have shown interest in the company’s growth composition and margin expansion targets, with Amplifon confirming its focus on mergers and acquisitions as a growth strategy. The company remains confident in its strategic investments and expects margin improvements in the EMEA region.
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