Insider Selling: Ameriprise Financial (NYSE:AMP) Insider Sells $4,239,709.52 in Stock

Ameriprise Financial, Inc. (NYSE:AMP) insider William Jerryl Williams sold 7,894 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $537.08, for a total value of $4,239,709.52. Following the transaction, the insider directly owned 10,882 shares of the company’s stock, valued at approximately $5,844,504.56. This trade represents a 42.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

William Jerryl Williams also recently made the following trade(s):

• On Tuesday, July 28th, William Jerryl Williams sold 8,210 shares of Ameriprise Financial stock. The stock was sold at an average price of $539.35, for a total value of $4,428,063.50.

Ameriprise Financial Price Performance

Shares of NYSE:AMP opened at $547.28 on Friday. The firm has a market capitalization of $49.20 billion, a PE ratio of 13.20, a P/E/G ratio of 0.74 and a beta of 1.16. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.99. The company has a 50-day moving average price of $484.62 and a two-hundred day moving average price of $476.35. Ameriprise Financial, Inc. has a twelve month low of $422.37 and a twelve month high of $553.46.

Ameriprise Financial (NYSE:AMP) last posted 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 for the quarter, compared to analyst estimates of $4.87 billion. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.11 earnings per share. Equities analysts forecast that Ameriprise Financial, Inc. will post 45.84 EPS for the current year.

Ameriprise Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 3rd will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 3rd. Ameriprise Financial’s payout ratio is currently 16.40%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMP. Weiss Ratings upgraded Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Jefferies Financial Group raised their target price on Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. BMO Capital Markets lifted their target price on Ameriprise Financial from $470.00 to $490.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Keefe, Bruyette & Woods upped their price target on Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Finally, Piper Sandler increased their price target on shares of Ameriprise Financial from $471.00 to $518.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $555.33.

Key Headlines Impacting Ameriprise Financial

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

• Positive Sentiment: Ameriprise’s latest quarterly results exceeded expectations: adjusted earnings were $11.07 per share versus the $10.81 consensus, while revenue increased 11.6% year over year to $4.90 billion. Analysts expect approximately $45.84 in full-year EPS, reinforcing the company’s growth outlook. Earnings and dividend analysis
• Positive Sentiment: The company declared a quarterly dividend of $1.70 per share, or $6.80 annualized, with a payout ratio of about 16.4%. The relatively low payout ratio supports the potential for continued shareholder returns if earnings remain strong. Ameriprise dividend information
• Positive Sentiment: Brokerage coverage remains broadly favorable. Ameriprise has an overall “Moderate Buy” consensus rating, and some firms have issued bullish upgrades or price-target increases, including a reported $645 target from Jefferies. Analyst recommendation coverage
• Neutral Sentiment: The consensus price target is approximately $555.33, only modestly above recent trading levels. This suggests analysts remain constructive but see limited near-term upside after the stock’s strong advance.
• Negative Sentiment: CFO Walter Stanley Berman sold 11,012 shares for approximately $6.05 million, reducing his direct ownership by 66.25%. Insider William Jerryl Williams also sold 16,104 shares across two transactions for about $8.67 million. The sales could pressure investor sentiment, particularly with AMP near its 52-week high, although they do not necessarily indicate deteriorating fundamentals. SEC insider transaction filing

Institutional Investors Weigh In On Ameriprise Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. PFG Investments LLC raised its holdings in shares of Ameriprise Financial by 1.4% during the 4th quarter. PFG Investments LLC now owns 1,488 shares of the financial services provider’s stock valued at $729,000 after buying an additional 21 shares in the last quarter. Institute for Wealth Management LLC. grew its position in Ameriprise Financial by 3.6% during the fourth quarter. Institute for Wealth Management LLC. now owns 605 shares of the financial services provider’s stock valued at $297,000 after acquiring an additional 21 shares during the last quarter. EPG Wealth Management LLC grew its position in Ameriprise Financial by 0.8% during the fourth quarter. EPG Wealth Management LLC now owns 2,714 shares of the financial services provider’s stock valued at $1,331,000 after acquiring an additional 21 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Ameriprise Financial by 2.4% during the fourth quarter. Essex Financial Services Inc. now owns 904 shares of the financial services provider’s stock worth $443,000 after acquiring an additional 21 shares in the last quarter. Finally, SouthState Bank Corp raised its stake in shares of Ameriprise Financial by 78.6% during the fourth quarter. SouthState Bank Corp now owns 50 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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.