California State Teachers Retirement System Sells 5,997 Shares of Ameriprise Financial, Inc. $AMP

Posted by Brian Himes on Jul 31st, 2026

California State Teachers Retirement System decreased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP – Free Report) by 4.3% during the first quarter, HoldingsChannel.com reports. The fund owned 134,768 shares of the financial services provider’s stock after selling 5,997 shares during the period. California State Teachers Retirement System’s holdings in Ameriprise Financial were worth $59,891,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. SouthState Bank Corp lifted its holdings in Ameriprise Financial by 78.6% in the 4th quarter. SouthState Bank Corp now owns 50 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 22 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Ameriprise Financial during the first quarter valued at approximately $28,000. Ares Financial Consulting LLC bought a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $32,000. Prosperity Bancshares Inc bought a new position in shares of Ameriprise Financial in the fourth quarter valued at approximately $33,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Ameriprise Financial in the first quarter worth $34,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

More Ameriprise Financial News

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 Stock Up 0.8%

Shares of AMP stock opened at $544.62 on Friday. Ameriprise Financial, Inc. has a 12 month low of $422.37 and a 12 month high of $553.46. 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 firm has a market cap of $48.96 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.16. The stock has a 50 day moving average of $482.74 and a 200-day moving average of $475.85.

Ameriprise Financial (NYSE:AMP – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.81 by $0.26. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.87 billion. During the same quarter last year, the company posted $9.11 earnings per share. Ameriprise Financial’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts predict that Ameriprise Financial, Inc. will post 45.84 EPS for the current year.

Ameriprise Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 3rd will be issued a $1.70 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $6.80 dividend on an annualized basis and a yield of 1.2%. Ameriprise Financial’s dividend payout ratio is 16.40%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMP. Morgan Stanley upped their price objective on shares of Ameriprise Financial from $467.00 to $489.00 and gave the stock an “underweight” rating in a report on Friday, July 10th. BMO Capital Markets lifted their target price on shares of Ameriprise Financial from $470.00 to $490.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Piper Sandler boosted their target price on shares of Ameriprise Financial from $471.00 to $518.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods upped their price target on shares of Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Finally, Jefferies Financial Group raised their price target on Ameriprise Financial from $636.00 to $645.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.33.

Get Our Latest Analysis on AMP

Insider Activity at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $465.83, for a total transaction of $558,996.00. Following the completion of the transaction, the director owned 6,300 shares of the company’s stock, valued at approximately $2,934,729. This represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William Jerryl Williams sold 8,210 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $539.35, for a total transaction of $4,428,063.50. Following the completion of the sale, the insider owned 6,780 shares of the company’s stock, valued at approximately $3,656,793. The trade was a 54.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 34,571 shares of company stock valued at $18,227,419. Company insiders own 0.60% of the company’s stock.

Ameriprise Financial Profile

(Free Report)

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.