Ameriprise Financial, Inc. (NYSE:AMP – Get Free Report) CFO Walter Stanley Berman sold 11,012 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $548.95, for a total value of $6,045,037.40. Following the sale, the chief financial officer directly owned 5,609 shares in the company, valued at $3,079,060.55. This trade represents a 66.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Ameriprise Financial Stock Up 0.8%
Shares of NYSE AMP opened at $544.62 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. The company has a market cap of $48.96 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.73 and a beta of 1.16. Ameriprise Financial, Inc. has a 52 week low of $422.37 and a 52 week high of $553.46. The business has a 50-day simple moving average of $482.74 and a two-hundred day simple moving average of $475.85.
Ameriprise Financial (NYSE:AMP – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share for the quarter, beating the consensus estimate of $10.81 by $0.26. Ameriprise Financial had a return on equity of 64.19% and a net margin of 20.24%.The firm had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period in the prior year, the business posted $9.11 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. Research analysts anticipate that Ameriprise Financial, Inc. will post 45.84 earnings per share for the current fiscal year.
Ameriprise Financial Announces Dividend
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on AMP. Jefferies Financial Group boosted their price target on shares of Ameriprise Financial from $636.00 to $645.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Piper Sandler increased their price objective on Ameriprise Financial from $471.00 to $518.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Zacks Research raised Ameriprise Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday. BMO Capital Markets boosted their target price on Ameriprise Financial from $470.00 to $490.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Keefe, Bruyette & Woods upped their target price on Ameriprise Financial from $515.00 to $545.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $555.33.
Read Our Latest Stock Analysis on AMP
Institutional Trading of Ameriprise Financial
A number of hedge funds have recently made changes to their positions in AMP. Norges Bank purchased a new stake in Ameriprise Financial during the fourth quarter valued at about $742,438,000. AQR Capital Management LLC boosted its holdings in shares of Ameriprise Financial by 84.2% in the 4th quarter. AQR Capital Management LLC now owns 1,085,889 shares of the financial services provider’s stock worth $532,455,000 after purchasing an additional 496,319 shares in the last quarter. M&T Bank Corp increased its position in shares of Ameriprise Financial by 1,440.2% during the 4th quarter. M&T Bank Corp now owns 466,151 shares of the financial services provider’s stock valued at $228,572,000 after purchasing an additional 435,885 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Ameriprise Financial by 85.5% during the 4th quarter. First Trust Advisors LP now owns 828,437 shares of the financial services provider’s stock valued at $406,216,000 after buying an additional 381,754 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Ameriprise Financial by 140.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 471,867 shares of the financial services provider’s stock valued at $231,805,000 after buying an additional 275,659 shares in the last quarter. 83.95% of the stock is owned by institutional investors.
Ameriprise Financial News Summary
Here are the key news stories impacting Ameriprise Financial this week:
- Positive Sentiment: Ameriprise reported quarterly earnings of $11.07 per share, exceeding the $10.81 consensus estimate, while revenue rose 11.6% year over year to $4.90 billion. The earnings growth and steady dividend support the investment case. Earnings growth and dividend article
- Positive Sentiment: Zacks Research upgraded AMP from “Hold” to “Strong Buy,” adding to a generally favorable analyst outlook. Jefferies also maintains a Buy rating with a $645 price target, while the analyst consensus is “Moderate Buy” with a target of about $555. Zacks upgrade report
- Positive Sentiment: The company declared a quarterly dividend of $1.70 per share, equivalent to $6.80 annually and a yield of approximately 1.3%. The modest payout ratio leaves room for continued capital returns if earnings remain strong. Ameriprise dividend and market data
- Neutral Sentiment: Ameriprise was recognized by J.D. Power for outstanding customer service for the fifth consecutive year. The award reinforces brand quality and client-retention potential but is unlikely to materially affect near-term results. J.D. Power recognition article
- Negative Sentiment: CFO Walter Stanley Berman sold 11,012 shares for approximately $6.05 million, reducing his position by 66.25%. Insider William Jerryl Williams also sold 16,104 shares across two transactions for roughly $8.67 million, cutting his holdings substantially. The sales may weigh on sentiment, although insider transactions do not necessarily signal a change in the company’s fundamentals. SEC insider transaction filing
Ameriprise Financial Company Profile
Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The firm provides a range of advice-based wealth management, asset management and insurance products to individual and institutional clients. Its business model centers on delivering financial planning and investment advice through a network of financial advisors alongside proprietary product offerings designed to meet retirement, protection and accumulation needs.
Core products and services include comprehensive financial planning and advisory services, managed investment portfolios, retirement planning solutions, annuities and life insurance products.
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