Caprock Group LLC Makes New Investment in Ameriprise Financial, Inc. $AMP

Caprock Group LLC bought a new stake in Ameriprise Financial, Inc. (NYSE:AMP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,741 shares of the financial services provider’s stock, valued at approximately $2,441,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMP. Norges Bank purchased a new stake in Ameriprise Financial during the 2nd quarter valued at approximately $693,736,000. JPMorgan Chase & Co. increased its holdings in shares of Ameriprise Financial by 7.7% in the second quarter. JPMorgan Chase & Co. now owns 6,270,995 shares of the financial services provider’s stock valued at $3,347,019,000 after purchasing an additional 446,080 shares during the period. Federated Hermes Inc. raised its stake in shares of Ameriprise Financial by 29.3% during the third quarter. Federated Hermes Inc. now owns 966,163 shares of the financial services provider’s stock worth $474,628,000 after purchasing an additional 219,080 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Ameriprise Financial by 29.8% during the second quarter. Hsbc Holdings PLC now owns 491,058 shares of the financial services provider’s stock worth $262,075,000 after purchasing an additional 112,784 shares during the period. Finally, Vanguard Group Inc. grew its position in Ameriprise Financial by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 12,432,261 shares of the financial services provider’s stock valued at $6,635,471,000 after buying an additional 111,386 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Key Stories Impacting Ameriprise Financial

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

• Positive Sentiment: Company fundamentals remain strong: Ameriprise reported an EPS beat and double-digit revenue growth in its latest quarter, and it recently declared a $1.60 quarterly dividend (annualized $6.40). Those items support the stock’s longer-term thesis. MarketBeat AMP Summary
• Neutral Sentiment: Management is engaging with investors — Ameriprise presented at the Bank of America Financial Services Conference; the transcript provides detail but no new headline guidance. Useful for longer-term modeling, but not market-moving by itself. Conference Transcript
• Neutral Sentiment: Valuation commentary is mixed — analysts’ consensus target remains above the current price, with several firms reiterating Buy/Hold ratings and some target upgrades; this provides upside framing but hasn’t prevented near-term volatility. Valuation Check
• Negative Sentiment: Material insider selling: SVP Gumer Alvero sold 4,658 shares (~$2.53M) and CEO William Truscott sold 5,000 shares (~$2.66M) in separate filings, significantly reducing their holdings — insider exits at this scale tend to spook investors and likely triggered today’s selling pressure. Insider Trades Alert
• Negative Sentiment: Additional insider sales reported (another director sold 7,000 shares); aggregated insider selling headlines have coincided with higher volume and negative price action. Market Reaction to Insider Selling
• Negative Sentiment: Leadership change: Ameriprise announced the retirement of long-time wealth executive Joseph E. Sweeney. Loss of a key wealth-management leader adds near-term execution uncertainty for the advice/wealth channel. Retirement Announcement

Insider Buying and Selling at Ameriprise Financial

In other news, CFO Walter Stanley Berman sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the completion of the transaction, the chief financial officer directly owned 5,609 shares of the company’s stock, valued at $3,052,529.98. This trade represents a 55.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $450.94, for a total value of $676,410.00. Following the completion of the sale, the director directly owned 7,500 shares in the company, valued at approximately $3,382,050. The trade was a 16.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,158 shares of company stock valued at $9,675,085 over the last three months. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AMP shares. Weiss Ratings restated a “buy (b-)” rating on shares of Ameriprise Financial in a research report on Monday, December 29th. Morgan Stanley increased their price target on shares of Ameriprise Financial from $484.00 to $485.00 and gave the stock an “underweight” rating in a report on Monday, December 22nd. Jefferies Financial Group lifted their price objective on Ameriprise Financial from $600.00 to $620.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $605.00 target price (up from $580.00) on shares of Ameriprise Financial in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $555.67.

Ameriprise Financial Stock Performance

NYSE AMP opened at $467.49 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $43.43 billion, a P/E ratio of 12.86, a PEG ratio of 1.14 and a beta of 1.26. Ameriprise Financial, Inc. has a 1-year low of $396.14 and a 1-year high of $552.43. The business has a 50 day moving average price of $502.44 and a 200 day moving average price of $491.51.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $10.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.33 by $0.50. Ameriprise Financial had a return on equity of 63.04% and a net margin of 19.28%.The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the previous year, the company posted $9.54 EPS. The business’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts expect that Ameriprise Financial, Inc. will post 38.64 EPS for the current fiscal year.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 9th will be issued a $1.60 dividend. This represents a $6.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, February 9th. Ameriprise Financial’s dividend payout ratio is 17.60%.

Ameriprise Financial 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.