Convergence Investment Partners LLC Takes Position in Ameriprise Financial, Inc. $AMP

Posted by George Bondi on Jul 22nd, 2026

Convergence Investment Partners LLC bought a new position in shares of Ameriprise Financial, Inc. (NYSE:AMP – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,735 shares of the financial services provider’s stock, valued at approximately $771,000.

Other hedge funds also recently bought and sold shares of the company. SouthState Bank Corp raised its position in Ameriprise Financial by 78.6% during the 4th quarter. SouthState Bank Corp now owns 50 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 22 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of Ameriprise Financial in the 4th quarter worth approximately $32,000. Prosperity Bancshares Inc bought a new stake in shares of Ameriprise Financial in the 4th quarter worth approximately $33,000. Evolution Wealth Management Inc. purchased a new position in shares of Ameriprise Financial during the first quarter valued at approximately $34,000. Finally, WFA of San Diego LLC purchased a new position in shares of Ameriprise Financial during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMP shares. Jefferies Financial Group upped their target price on Ameriprise Financial from $636.00 to $645.00 and gave the company a “buy” rating in a report on Friday, July 10th. Morgan Stanley boosted their price objective on shares of Ameriprise Financial from $467.00 to $489.00 and gave the company an “underweight” rating in a research report on Friday, July 10th. Keefe, Bruyette & Woods began coverage on shares of Ameriprise Financial in a report on Friday, April 10th. They issued a “hold” rating for the company. Weiss Ratings raised shares of Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Piper Sandler lifted their price objective on Ameriprise Financial from $471.00 to $518.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $553.67.

View Our Latest Stock Analysis on Ameriprise Financial

Ameriprise Financial Trading Up 0.4%

NYSE:AMP opened at $528.56 on Wednesday. The firm has a market capitalization of $47.52 billion, a P/E ratio of 13.14, a PEG ratio of 0.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.66 and a quick ratio of 0.66. Ameriprise Financial, Inc. has a one year low of $422.37 and a one year high of $550.18. The company’s 50-day simple moving average is $472.87 and its 200 day simple moving average is $474.19.

Ameriprise Financial (NYSE:AMP – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $11.26 EPS for the quarter, topping analysts’ consensus estimates of $10.21 by $1.05. The firm had revenue of $4.77 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Ameriprise Financial had a return on equity of 62.88% and a net margin of 20.57%.The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.50 EPS. As a group, analysts forecast that Ameriprise Financial, Inc. will post 43.74 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were issued a dividend of $1.70 per share. The ex-dividend date was Monday, May 4th. This is a boost from Ameriprise Financial’s previous quarterly dividend of $1.60. This represents a $6.80 annualized dividend and a dividend yield of 1.3%. Ameriprise Financial’s dividend payout ratio is 16.91%.

Insider Activity

In other Ameriprise Financial news, EVP Gerard P. Smyth sold 6,255 shares of Ameriprise Financial stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $472.52, for a total value of $2,955,612.60. Following the completion of the transaction, the executive vice president directly owned 6,103 shares of the company’s stock, valued at approximately $2,883,789.56. The trade was a 50.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,200 shares of Ameriprise Financial stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $465.83, for a total transaction of $558,996.00. Following the completion of the transaction, the director directly owned 6,300 shares of the company’s stock, valued at $2,934,729. This trade represents a 16.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is owned by insiders.

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.