Ameriprise Financial, Inc. $AMP Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in Ameriprise Financial, Inc. (NYSE:AMP) by 1.4% in the third quarter, HoldingsChannel reports. The firm owned 816,226 shares of the financial services provider’s stock after selling 11,994 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ameriprise Financial were worth $400,971,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AMP. Whipplewood Advisors LLC grew its position in shares of Ameriprise Financial by 71.0% during the second quarter. Whipplewood Advisors LLC now owns 53 shares of the financial services provider’s stock worth $28,000 after buying an additional 22 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Ameriprise Financial by 115.4% in the second quarter. Salomon & Ludwin LLC now owns 56 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 30 shares during the last quarter. Winnow Wealth LLC acquired a new position in Ameriprise Financial during the 2nd quarter worth approximately $32,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Ameriprise Financial in the 3rd quarter valued at approximately $32,000. Finally, WFA of San Diego LLC purchased a new stake in shares of Ameriprise Financial in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Activity at Ameriprise Financial

In other news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $450.94, for a total transaction of $676,410.00. Following the completion of the sale, the director owned 7,500 shares in the company, valued at approximately $3,382,050. This represents a 16.67% 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. Insiders own 0.73% of the company’s stock.

Trending Headlines about Ameriprise Financial

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

• Positive Sentiment: Q4 earnings beat: Adjusted operating EPS of $10.83 topped consensus and rose ~16% year-over-year; revenue of $4.90B also exceeded estimates — a core catalyst for the stock move. Ameriprise Stock Gains on Q4 Earnings Beat
• Positive Sentiment: Record client assets: Fee-generating assets/AUM reached all-time highs (reported $1.7T), which supports recurring fee revenue and scale economics for wealth management. Ameriprise profit rises as client assets hit record $1.7 trillion
• Positive Sentiment: Profitability and efficiency: High return on equity and strong net margins were highlighted in the results, reinforcing the quality of earnings and management’s expense discipline. Ameriprise press release / slide deck
• Positive Sentiment: Dividend maintained/increased cash return: Board declared a quarterly cash dividend of $1.60 per share payable Feb. 27 (record Feb. 9), which supports income-focused ownership. Dividend press release
• Neutral Sentiment: Investor materials and transparency: The company posted its earnings press release, slide deck and the earnings call transcript — useful for digging into segment trends and AUM composition but not immediate catalysts. Conference call / slide deck Earnings call transcript
• Negative Sentiment: Modest dividend yield and valuation context: The declared dividend implies a ~1.2% yield, which may disappoint income-focused investors; the stock is trading near its 12‑month highs, so some upside is already priced in and valuation (mid‑teens P/E) could limit near-term gains for value-sensitive buyers. Market data / valuation

Ameriprise Financial Trading Up 4.1%

NYSE:AMP opened at $520.16 on Friday. The stock’s 50 day moving average price is $489.58 and its 200 day moving average price is $492.28. The company has a market capitalization of $48.33 billion, a PE ratio of 14.26, a P/E/G ratio of 1.29 and a beta of 1.26. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.88. Ameriprise Financial, Inc. has a 52-week low of $396.14 and a 52-week high of $582.05.

Ameriprise Financial (NYSE:AMP) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $10.83 earnings per share for the quarter, beating analysts’ consensus estimates of $10.33 by $0.50. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Ameriprise Financial had a return on equity of 64.97% and a net margin of 20.12%.The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.54 earnings per share. On average, research analysts anticipate that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 9th will be paid a $1.60 dividend. The ex-dividend date is Monday, February 9th. This represents a $6.40 dividend on an annualized basis and a yield of 1.2%. Ameriprise Financial’s payout ratio is currently 17.55%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMP shares. Morgan Stanley lifted their price objective on shares of Ameriprise Financial from $484.00 to $485.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. BMO Capital Markets initiated coverage on Ameriprise Financial in a report on Friday, October 3rd. They set a “market perform” rating and a $525.00 price target for the company. Evercore ISI dropped their price objective on Ameriprise Financial from $587.00 to $570.00 and set an “in-line” rating on the stock in a report on Thursday, October 9th. Argus cut their target price on Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ameriprise Financial in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $528.75.

Ameriprise Financial Company Profile

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.