This Insider Has Just Sold Shares In Ameriprise Financial, Inc. (NYSE:AMP)

By
Simply Wall St
Published
November 04, 2020
NYSE:AMP

Investors may wish to note that the Executive VP & General Counsel of Ameriprise Financial, Inc., Karen Thissen, recently netted US$99k from selling stock, receiving an average price of US$159. On the bright side, that's just a small sale and only reduced their holding by 4.1%.

Check out our latest analysis for Ameriprise Financial

Ameriprise Financial Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Chairman & CEO, James Cracchiolo, for US$19m worth of shares, at about US$179 per share. So what is clear is that an insider saw fit to sell at around the current price of US$167. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

In the last year Ameriprise Financial insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
NYSE:AMP Insider Trading Volume November 4th 2020

I will like Ameriprise Financial better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.3% of Ameriprise Financial shares, worth about US$69m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Ameriprise Financial Insiders?

Insiders haven't bought Ameriprise Financial stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. On the plus side, Ameriprise Financial makes money, and is growing profits. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Our analysis shows 3 warning signs for Ameriprise Financial (1 can't be ignored!) and we strongly recommend you look at these before investing.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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