Ameriprise Financial, Inc. $AMP Shares Newly Acquired by Avestar Capital LLC

Avestar Capital LLC purchased a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,149 shares of the financial services provider’s stock, valued at approximately $566,000.

Several other institutional investors have also added to or reduced their stakes in the company. Lebenthal Global Advisors LLC grew its holdings in shares of Ameriprise Financial by 4.7% in the third quarter. Lebenthal Global Advisors LLC now owns 3,693 shares of the financial services provider’s stock valued at $1,818,000 after purchasing an additional 166 shares in the last quarter. Parcion Private Wealth LLC raised its stake in Ameriprise Financial by 10.2% during the third quarter. Parcion Private Wealth LLC now owns 1,260 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 117 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in Ameriprise Financial by 48.3% during the third quarter. Soltis Investment Advisors LLC now owns 847 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 276 shares in the last quarter. Choreo LLC lifted its position in Ameriprise Financial by 5.2% during the third quarter. Choreo LLC now owns 3,625 shares of the financial services provider’s stock valued at $1,785,000 after purchasing an additional 178 shares during the last quarter. Finally, Interchange Capital Partners LLC grew its stake in shares of Ameriprise Financial by 4.8% in the 3rd quarter. Interchange Capital Partners LLC now owns 587 shares of the financial services provider’s stock worth $288,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AMP. BMO Capital Markets decreased their price target on Ameriprise Financial from $560.00 to $520.00 and set a “market perform” rating on the stock in a report on Tuesday, October 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Evercore reduced their target price on shares of Ameriprise Financial from $625.00 to $623.00 in a research note on Friday, July 24th. Bank of America lowered shares of Ameriprise Financial from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $570.00 to $445.00 in a report on Monday, October 19th. Finally, Morgan Stanley dropped their price target on shares of Ameriprise Financial from $489.00 to $483.00 and set an “underweight” rating for the company in a research note on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Ameriprise Financial currently has an average rating of “Hold” and a consensus price target of $557.00.

Insider Transactions at Ameriprise Financial

In other news, SVP Dawn Brockman sold 472 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president directly owned 713 shares in the company, valued at $398,517.09. This trade represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Deirdre Mcgraw sold 2,400 shares of Ameriprise Financial stock in a transaction dated 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. This trade represents a 41.57% 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 corporate insiders.

More 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.

Ameriprise Financial Price Performance

Shares of AMP opened at $491.18 on Monday. The company has a market cap of $44.16 billion, a price-to-earnings ratio of 11.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. Ameriprise Financial, Inc. has a twelve month low of $422.37 and a twelve month high of $572.56. The company has a quick ratio of 0.71, a current ratio of 0.68 and a debt-to-equity ratio of 1.13. The company has a 50 day moving average of $519.56 and a two-hundred day moving average of $492.98.

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

Ameriprise Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 9th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Monday, November 9th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.4%. Ameriprise Financial’s dividend payout ratio is currently 15.30%.

Ameriprise Financial announced that its board has authorized a share buyback program on Tuesday, September 29th that allows the company to buy back $5.50 billion in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 12.3% of its shares through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

About Ameriprise Financial

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.