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Gerard P. Smyth, the Executive Vice President and Chief Information Officer of Ameriprise Financial Inc. (NYSE:AMP), recently sold a portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Smyth sold 974 shares of Ameriprise Financial common stock on April 29, 2021. The shares were sold at a price of $259.53 each, totaling approximately $252,782. The stock has since appreciated significantly, now trading at $499.03, with InvestingPro analysis indicating the company is slightly undervalued based on its Fair Value assessment.
Following this transaction, Smyth holds 9,020 shares directly. The filing notes that the post-transaction share count reflects a corrected number after reconciling the reporting person’s ownership records. Ameriprise Financial, based in Minneapolis, is a prominent player in the investment advice sector, with a market capitalization of $48 billion. The company has maintained dividend payments for 21 consecutive years and boasts a P/E ratio of 14.91, reflecting strong financial health. InvestingPro subscribers can access 8 additional key insights about AMP (OTC:AMLTF)’s financial performance and comprehensive insider trading analysis through the Pro Research Report, available for over 1,400 US stocks.
In other recent news, Amplifon (BIT:AMPF) announced its financial results for the fourth quarter of 2024, reporting a revenue of €665 million, which represents an 8% increase at current foreign exchange rates. The company’s recurring EBITDA for the full year was €568 million, marking a 4.8% rise compared to 2023, although the EBITDA margin slightly decreased to 23.6% from 24% the previous year. Amplifon has expanded its U.S. store network to approximately 400 locations, contributing to its growth strategy. The company anticipates mid to high single-digit revenue growth in 2025, with the global hearing aid market expected to grow by 4% that year.
Additionally, Amplifon is optimistic about the European market’s recovery, particularly in France, where it expects around 10% growth. The company has set a revenue growth target of 5% to 9% for 2025, with expectations of organic growth outpacing the market. Amplifon has been focusing on mergers and acquisitions, targeting a 2% contribution to growth, and has increased its presence in both the U.S. and China. Despite a challenging European market environment, Amplifon has maintained its competitive edge with diversified sourcing strategies and a strong global presence.
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