Ameriprise Financial (NYSE:AMP) Stock Rating Reaffirmed as Underperform by Bank of America

Ameriprise Financial (NYSE:AMP)‘s stock had its “underperform” rating reiterated by Bank of America in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $445.00 price target on the financial services provider’s stock, down from their prior price target of $570.00. Bank of America’s price objective would indicate a potential downside of 8.61% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group decreased their target price on Ameriprise Financial from $645.00 to $638.00 in a research report on Monday, October 12th. Royal Bank Of Canada increased their target price on shares of Ameriprise Financial from $560.00 to $595.00 in a report on Friday, July 24th. The Goldman Sachs Group dropped their target price on shares of Ameriprise Financial from $562.00 to $524.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a research note on Friday, July 24th. Finally, Morgan Stanley decreased their price target on shares of Ameriprise Financial from $489.00 to $483.00 and set an “underweight” rating on the stock in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have given 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 Trading Up 1.4%

Shares of AMP stock opened at $486.92 on Monday. The stock’s fifty day moving average price is $530.66 and its two-hundred day moving average price is $498.39. The company has a market cap of $43.77 billion, a PE ratio of 11.15, a P/E/G ratio of 0.99 and a beta of 1.16. Ameriprise Financial has a fifty-two week low of $422.37 and a fifty-two week high of $572.56. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.71 and a current ratio of 0.71.

Ameriprise Financial (NYSE:AMP) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $11.07 EPS for the quarter, topping analysts’ consensus estimates of $10.81 by $0.26. Ameriprise Financial had a return on equity of 64.19% and a net margin of 20.24%. The company had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the previous year, the firm earned $9.11 EPS. Ameriprise Financial’s revenue was up 11.6% on a year-over-year basis. Equities analysts predict that Ameriprise Financial will post 46.13 EPS for the current fiscal year.

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

Insider Transactions at Ameriprise Financial

In related news, EVP Deirdre Mcgraw sold 2,400 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $558.28, for a total transaction of $1,339,872.00. Following the sale, the executive vice president owned 3,373 shares in the company, valued at $1,883,078.44. The trade was a 41.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider William Williams sold 8,210 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $539.35, for a total value of $4,428,063.50. Following the sale, the insider owned 6,780 shares in the company, valued at $3,656,793. This represents a 54.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 29,988 shares of company stock worth $16,316,497. Insiders own 0.60% of the company’s stock.

Institutional Trading of Ameriprise Financial

A number of hedge funds have recently made changes to their positions in the company. Avail Investment Partners LLC boosted its holdings in shares of Ameriprise Financial by 2.6% in the 3rd quarter. Avail Investment Partners LLC now owns 800 shares of the financial services provider’s stock worth $394,000 after purchasing an additional 20 shares in the last quarter. Novem Group raised its holdings in shares of Ameriprise Financial by 0.9% during the 3rd quarter. Novem Group now owns 2,303 shares of the financial services provider’s stock valued at $1,134,000 after buying an additional 21 shares in the last quarter. Rexford Capital Inc. lifted its position in Ameriprise Financial by 19.5% in the 1st quarter. Rexford Capital Inc. now owns 147 shares of the financial services provider’s stock worth $65,000 after buying an additional 24 shares during the last quarter. North Dakota State Investment Board lifted its position in Ameriprise Financial by 0.9% in the 2nd quarter. North Dakota State Investment Board now owns 2,716 shares of the financial services provider’s stock worth $1,246,000 after buying an additional 24 shares during the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in Ameriprise Financial by 2.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 892 shares of the financial services provider’s stock worth $409,000 after buying an additional 24 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Ameriprise Financial

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

• Neutral Sentiment: Analysts remain broadly neutral on Ameriprise Financial and other major financial stocks, indicating limited consensus for a near-term catalyst. Analysts Are Neutral on Top Financial Stocks: Ameriprise Financial (AMP), Regions Financial (RF)
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter, with JPMorgan and some other investors adding shares while BlackRock, UBS and other institutions reduced holdings. This suggests divided investor conviction rather than a clear stock-specific signal.
• Negative Sentiment: Bank of America twice downgraded AMP to Underperform, or a sell-equivalent rating, from Buy and cut its price target to $445 from $570. The new target is below the quoted share price, increasing pressure on the stock’s valuation. AMP double downgraded to sell equivalent at BofA Securities
• Negative Sentiment: BofA’s concerns center on accelerating departures of large advisor teams, potentially negative advisor headcount growth in 2026, slower organic growth and net new assets trailing competitors. Analysts also warned that retention bonuses and other spending could pressure margins. Ameriprise Financial’s Retention Bonuses Amid Advisor Exodus Could Pressure Margins, BofA Says
• Negative Sentiment: Additional coverage characterized advisor departures as a potentially structural problem, suggesting that retention challenges could persist beyond the next quarter and weigh on wealth-management earnings. Ameriprise Has an Advisor Problem. It Could Get Worse.
• Negative Sentiment: Reported insider activity showed selling but no open-market purchases among listed executives over the past six months. While insider sales may reflect personal or scheduled transactions, the absence of reported buying adds to the cautious sentiment.

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.