Ameriprise Financial, Inc. $AMP Shares Sold by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. decreased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 22.7% during the third quarter, HoldingsChannel.com reports. The firm owned 16,870 shares of the financial services provider’s stock after selling 4,960 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Ameriprise Financial were worth $8,306,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in Ameriprise Financial during the third quarter valued at approximately $11,989,000. Profund Advisors LLC boosted its holdings in Ameriprise Financial by 8.9% in the 3rd quarter. Profund Advisors LLC now owns 822 shares of the financial services provider’s stock valued at $405,000 after purchasing an additional 67 shares during the period. Vise Technologies Inc. boosted its holdings in Ameriprise Financial by 5.5% in the 3rd quarter. Vise Technologies Inc. now owns 12,293 shares of the financial services provider’s stock valued at $6,052,000 after purchasing an additional 644 shares during the period. Cidel Asset Management Inc. grew its position in shares of Ameriprise Financial by 4.9% during the 3rd quarter. Cidel Asset Management Inc. now owns 767 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 36 shares in the last quarter. Finally, MGO One Seven LLC grew its position in shares of Ameriprise Financial by 4.4% during the 3rd quarter. MGO One Seven LLC now owns 2,571 shares of the financial services provider’s stock valued at $1,266,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Activity at Ameriprise Financial

In other news, EVP Deirdre Mcgraw sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $558.28, for a total value of $1,339,872.00. Following the sale, the executive vice president directly owned 3,373 shares of the company’s stock, valued at $1,883,078.44. The trade was a 41.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Dawn Brockman sold 472 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $558.93, for a total value of $263,814.96. Following the completion of the sale, the senior vice president owned 713 shares in the company, valued at $398,517.09. The trade was a 39.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.60% of the stock is currently owned by company insiders.

Key Ameriprise Financial News

Here are the key news stories impacting Ameriprise Financial this week:

• Positive Sentiment: Ameriprise authorized a new $5.5 billion share-repurchase program running through September 2028. The buyback, combined with return on equity above 56%, could support per-share earnings and signal management’s confidence in the business. Ameriprise buyback authorization
• Positive Sentiment: The company declared its regular $1.70 quarterly dividend, equal to $6.80 annually and a yield of roughly 1.4%. The dividend provides continued shareholder income, although the ex-dividend date is November 9, 2026. Ameriprise dividend announcement
• Positive Sentiment: Bank of America Securities reaffirmed its Buy rating, while an investment analysis argued that AMP may be substantially undervalued despite concerns about advisor departures. Bank of America Buy rating
• Neutral Sentiment: Analyst opinion remains mixed: BMO Capital maintained a Hold rating, contrasting with Bank of America’s bullish view. BMO Hold rating
• Negative Sentiment: The main pressure is the reported third-quarter earnings miss: EPS of $11.26 fell short of the $11.77 consensus, while revenue of $5.08 billion was slightly below expectations. Revenue still grew 6.8% year over year, but higher expenses weighed on results. Ameriprise third-quarter earnings
• Negative Sentiment: Some coverage highlights advisor attrition and potential disruption from artificial intelligence, adding uncertainty to Ameriprise’s growth outlook despite its valuation and buyback appeal.

Analyst Upgrades and Downgrades

AMP has been the topic of a number of recent analyst reports. Argus increased their price objective on Ameriprise Financial from $534.00 to $590.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Jefferies Financial Group reduced their target price on Ameriprise Financial from $645.00 to $638.00 in a research report on Monday, October 12th. BMO Capital Markets decreased their target price on Ameriprise Financial from $560.00 to $520.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods raised 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. Finally, The Goldman Sachs Group lowered their target price on shares of Ameriprise Financial from $562.00 to $524.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Ameriprise Financial has a consensus rating of “Hold” and a consensus price target of $557.00.

Ameriprise Financial Price Performance

AMP opened at $491.18 on Monday. The stock has a market capitalization of $44.16 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.71 and a current ratio of 0.68. The stock’s 50 day moving average price is $519.56 and its 200-day moving average price is $492.98. Ameriprise Financial, Inc. has a 52-week low of $422.37 and a 52-week high of $572.56.

Ameriprise Financial (NYSE:AMP) last released its earnings results on Thursday, October 29th. The financial services provider reported $11.26 earnings per share for the quarter, missing analysts’ consensus estimates of $11.77 by ($0.51). Ameriprise Financial had a return on equity of 69.94% and a net margin of 20.99%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.10 billion. During the same period in the prior year, the company earned $9.92 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that Ameriprise Financial, Inc. will post 46.08 EPS for the current year.

Ameriprise Financial announced that its Board of Directors has approved a stock buyback plan on Tuesday, September 29th that permits the company to buy back $5.50 billion in shares. This buyback authorization permits the financial services provider to purchase up to 12.3% of its stock through open market purchases. Share buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Ameriprise Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 9th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, November 9th. Ameriprise Financial’s dividend payout ratio (DPR) is presently 15.30%.

Ameriprise Financial Company Profile

Ameriprise Financial, Inc (NYSE:AMP) is a diversified financial services company that provides advice, wealth management, asset management, insurance and retirement solutions. Through its network of financial advisors and digital platforms, the company serves individuals, families, businesses and institutions with financial planning, investment management and related services.

Its products and services include brokerage and advisory accounts, mutual funds and exchange-traded funds, retirement plans, annuities, life and long-term care insurance, banking services and financial planning.