Saxony Capital Management LLC Makes New $2.86 Million Investment in Ameriprise Financial, Inc. $AMP

Posted by Brenda Bartman on Oct 16th, 2026

Saxony Capital Management LLC purchased a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,803 shares of the financial services provider’s stock, valued at approximately $2,857,000. Ameriprise Financial accounts for about 1.2% of Saxony Capital Management LLC’s holdings, making the stock its 21st largest position.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMP. Twin Lakes Capital Management LLC acquired a new position in Ameriprise Financial in the 2nd quarter worth $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Ameriprise Financial during the second quarter valued at about $28,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Ameriprise Financial during the first quarter valued at about $28,000. Fiduciary Financial Advisors acquired a new stake in shares of Ameriprise Financial during the second quarter valued at about $30,000. Finally, Retirement Wealth Solutions LLC increased its position in shares of Ameriprise Financial by 7,300.0% during the third quarter. Retirement Wealth Solutions LLC now owns 74 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Ameriprise Financial Stock Performance

AMP stock opened at $502.32 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $45.16 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.02 and a beta of 1.16. Ameriprise Financial, Inc. has a 1 year low of $422.37 and a 1 year high of $572.56. The stock’s fifty day moving average is $534.72 and its two-hundred day moving average is $497.33.

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 (EPS) for the quarter, beating the consensus estimate of $10.81 by $0.26. The company had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.87 billion. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.11 earnings per share. On average, research analysts predict that Ameriprise Financial, Inc. will post 46.14 EPS for the current year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Monday, August 3rd were given a $1.70 dividend. The ex-dividend date was Monday, August 3rd. This represents a $6.80 annualized dividend and a yield of 1.4%. Ameriprise Financial’s dividend payout ratio (DPR) is currently 16.40%.

Ameriprise Financial announced that its board has authorized a share buyback plan on Tuesday, September 29th that allows the company to buy back $5.50 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 12.3% of its shares through open market purchases. Share buyback plans are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

AMP has been the topic of a number of analyst reports. Raymond James Financial lifted their target price on Ameriprise Financial from $582.00 to $638.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 21st. Keefe, Bruyette & Woods increased their price target on Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a report on Friday, July 24th. Evercore lowered their price objective on Ameriprise Financial from $625.00 to $623.00 in a research note on Friday, July 24th. Piper Sandler raised their price objective on Ameriprise Financial from $518.00 to $561.00 in a research note on Thursday, July 23rd. Finally, Bank of America restated a “buy” rating and set a $570.00 price objective (down from $616.00) on shares of Ameriprise Financial in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ameriprise Financial presently has an average rating of “Moderate Buy” and an average target price of $572.55.

View Our Latest Stock Analysis on Ameriprise Financial

Insider Activity

In other Ameriprise Financial news, SVP Dawn M. Brockman sold 472 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $558.93, for a total value of $263,814.96. Following the completion of the transaction, the senior vice president owned 713 shares in the company, valued at approximately $398,517.09. This represents a 39.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Walter Berman sold 11,012 shares of the company’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $548.95, for a total transaction of $6,045,037.40. Following the completion of the transaction, the chief financial officer owned 5,609 shares of the company’s stock, valued at approximately $3,079,060.55. This trade represents a 66.25% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 29,988 shares of company stock valued at $16,316,497. 0.60% of the stock is owned by company insiders.

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.