Insider Buying: AMP Limited (ASX:AMP) Insider Buys A$29,705.30 in Stock

AMP Limited (ASX:AMP) insider Kathleen Bailey-Lord purchased 23,390 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of A$1.27 ($0.81) per share, for a total transaction of A$29,705.30 ($19,041.86).

Kathleen Bailey-Lord also recently made the following trade(s):

• On Wednesday, February 19th, Kathleen Bailey-Lord acquired 28,571 shares of AMP stock. The stock was purchased at an average cost of A$1.41 ($0.90) per share, with a total value of A$40,142.26 ($25,732.21).

AMP Stock Performance

The company has a current ratio of 6.68, a quick ratio of 0.17 and a debt-to-equity ratio of 125.36. The company has a market capitalization of $4.43 billion, a PE ratio of 68.75, a PEG ratio of -12.07 and a beta of 0.67.

AMP Cuts Dividend

The firm also recently disclosed a Final dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, April 2nd were issued a $0.01 dividend. This represents a yield of 0.7%. The ex-dividend date was Thursday, February 27th. AMP’s payout ratio is currently 133.33%.

About AMP

AMP Limited provides banking, super, retirement, and advice services in Australia and New Zealand. It operates through AMP Bank, Platform, Master Trust, Advice, and New Zealand Wealth Management (NZWM) segments. The company provides superannuation, retirement, and investment solutions; pension solutions; and SignatureSuper, a retail master trust.