Balefire LLC Makes New $2.37 Million Investment in Ameriprise Financial, Inc. $AMP

Posted by Stanley Muller on Oct 9th, 2026

Balefire LLC bought a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,813 shares of the financial services provider’s stock, valued at approximately $2,370,000.

Other hedge funds also recently modified their holdings of the company. Lincoln Capital LLC acquired a new position in Ameriprise Financial in the third quarter valued at about $2,558,000. Successful Portfolios LLC acquired a new stake in Ameriprise Financial during the third quarter worth about $4,992,000. Avity Investment Management Inc. bought a new position in Ameriprise Financial in the 3rd quarter valued at about $136,525,000. Avaii Wealth Management LLC acquired a new position in shares of Ameriprise Financial in the 3rd quarter valued at approximately $2,428,000. Finally, Riversedge Advisors LLC acquired a new position in shares of Ameriprise Financial in the 3rd quarter valued at approximately $239,000. Institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Bank of America reiterated a “buy” rating and set a $570.00 price target on shares of Ameriprise Financial in a research report on Monday. BMO Capital Markets cut their target price on Ameriprise Financial from $560.00 to $520.00 and set a “market perform” rating for the company in a research note on Tuesday. Keefe, Bruyette & Woods raised their target price on Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Jefferies Financial Group lifted their price target on Ameriprise Financial from $636.00 to $645.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings raised Ameriprise Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $558.00.

Get Our Latest Stock Report on AMP

Insider Transactions at Ameriprise Financial

In related news, EVP Deirdre Mcgraw sold 2,400 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $558.28, for a total transaction of $1,339,872.00. Following the sale, the executive vice president directly owned 3,373 shares in the company, valued at $1,883,078.44. This trade represents a 41.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Williams sold 8,210 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider owned 6,780 shares of the company’s stock, valued at approximately $3,656,793. This trade represents a 54.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 29,988 shares of company stock valued at $16,316,497. 0.60% of the stock is currently owned by company insiders.

Ameriprise Financial Price Performance

Shares of NYSE:AMP traded up $1.48 during trading on Friday, hitting $500.56. 487,136 shares of the company were exchanged, compared to its average volume of 643,844. Ameriprise Financial, Inc. has a 1-year low of $422.37 and a 1-year high of $572.56. The company has a market capitalization of $45.00 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 1.01 and a beta of 1.16. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. The business’s 50 day moving average is $540.34 and its 200-day moving average is $495.47.

Ameriprise Financial (NYSE:AMP – Get Free Report) last released its quarterly earnings data 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. The company had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.87 billion. Ameriprise Financial had a return on equity of 64.19% and a net margin of 20.24%.Ameriprise Financial’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $9.11 EPS. Equities analysts forecast that Ameriprise Financial, Inc. will post 46.14 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Monday, August 3rd were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Ameriprise Financial’s dividend payout ratio (DPR) is presently 16.40%.

Ameriprise Financial announced that its Board of Directors has authorized a stock repurchase program on Tuesday, September 29th that allows the company to repurchase $5.50 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

About Ameriprise Financial

(Free Report)

Ameriprise Financial, Inc is a diversified financial services company headquartered in Minneapolis, Minnesota. The company provides financial planning, investment advice, wealth management, retirement planning and insurance solutions to individuals, families, business owners and institutional clients.

Ameriprise serves clients primarily through a network of financial advisors and offers products and services that include brokerage and advisory accounts, mutual funds and other investments, retirement accounts, annuities, life and long-term-care insurance, banking products and personalized financial planning.