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

Bank of New York Mellon Corp lowered its position in Ameriprise Financial, Inc. (NYSE:AMP) by 1.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 816,226 shares of the financial services provider’s stock after selling 11,994 shares during the period. Bank of New York Mellon Corp owned 0.87% of Ameriprise Financial worth $400,971,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. lifted its stake in shares of Ameriprise Financial by 29.3% in the third quarter. Federated Hermes Inc. now owns 966,163 shares of the financial services provider’s stock worth $474,628,000 after buying an additional 219,080 shares in the last quarter. EPG Wealth Management LLC raised its holdings in Ameriprise Financial by 7.5% in the 3rd quarter. EPG Wealth Management LLC now owns 2,693 shares of the financial services provider’s stock valued at $1,323,000 after acquiring an additional 187 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC purchased a new position in Ameriprise Financial in the 3rd quarter worth approximately $253,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Ameriprise Financial during the 3rd quarter worth approximately $5,667,000. Finally, Clark Financial Services Group Inc. BD grew its position in shares of Ameriprise Financial by 16.6% in the third quarter. Clark Financial Services Group Inc. BD now owns 492 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Key Ameriprise Financial News

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on AMP shares. Royal Bank Of Canada lowered their price objective on Ameriprise Financial from $601.00 to $550.00 and set an “outperform” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets assumed coverage on shares of Ameriprise Financial in a research report on Friday, October 3rd. They set a “market perform” rating and a $525.00 price target on the stock. Argus cut their price objective on shares of Ameriprise Financial from $568.00 to $554.00 and set a “buy” rating for the company in a research report on Thursday, November 13th. Keefe, Bruyette & Woods reduced their target price on shares of Ameriprise Financial from $550.00 to $530.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Ameriprise Financial in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $528.75.

Ameriprise Financial Price Performance

Shares of AMP opened at $520.16 on Friday. The firm has a 50-day simple moving average of $489.58 and a two-hundred day simple moving average of $492.28. The stock has a market cap of $48.33 billion, a PE ratio of 14.26, a P/E/G ratio of 1.29 and a beta of 1.26. Ameriprise Financial, Inc. has a 1-year low of $396.14 and a 1-year high of $582.05. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.68 and a quick ratio of 0.68.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Thursday, January 29th. The financial services provider reported $10.83 earnings per share for the quarter, beating the consensus estimate of $10.33 by $0.50. The firm had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.75 billion. Ameriprise Financial had a net margin of 20.12% and a return on equity of 64.97%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $9.54 EPS. As a group, analysts forecast that Ameriprise Financial, Inc. will post 38.64 EPS for the current year.

Ameriprise Financial Announces Dividend

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

Insider Activity

In related news, Director Robert Francis Sharpe, Jr. sold 1,500 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $450.94, for a total transaction of $676,410.00. Following the transaction, the director owned 7,500 shares of the company’s stock, valued at approximately $3,382,050. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

About Ameriprise Financial

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.