Quantinno Capital Management LP Purchases 14,431 Shares of Ameriprise Financial, Inc. $AMP

Quantinno Capital Management LP raised its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 22.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 77,529 shares of the financial services provider’s stock after purchasing an additional 14,431 shares during the quarter. Quantinno Capital Management LP’s holdings in Ameriprise Financial were worth $34,454,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in Ameriprise Financial by 38.4% during the 1st quarter. Lazard Asset Management LLC now owns 325,116 shares of the financial services provider’s stock valued at $144,482,000 after acquiring an additional 90,124 shares during the period. Family Manage LLC increased its stake in Ameriprise Financial by 1.1% in the first quarter. Family Manage LLC now owns 6,502 shares of the financial services provider’s stock worth $2,889,000 after purchasing an additional 69 shares during the period. OMERS ADMINISTRATION Corp lifted its position in shares of Ameriprise Financial by 16.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 9,702 shares of the financial services provider’s stock worth $4,312,000 after purchasing an additional 1,379 shares during the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in shares of Ameriprise Financial during the first quarter valued at $697,000. Finally, Aristotle Atlantic Partners LLC boosted its stake in shares of Ameriprise Financial by 2.2% during the first quarter. Aristotle Atlantic Partners LLC now owns 54,497 shares of the financial services provider’s stock valued at $24,218,000 after purchasing an additional 1,163 shares during the period. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In other news, EVP Gerard P. Smyth sold 6,255 shares of Ameriprise Financial stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $472.52, for a total value of $2,955,612.60. Following the transaction, the executive vice president owned 6,103 shares of the company’s stock, valued at $2,883,789.56. The trade was a 50.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $465.83, for a total transaction of $558,996.00. Following the transaction, the director owned 6,300 shares of the company’s stock, valued at approximately $2,934,729. This trade represents a 16.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,571 shares of company stock worth $18,227,419 over the last ninety days. 0.60% of the stock is currently owned by company insiders.

Key Ameriprise Financial News

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

• Positive Sentiment: Ameriprise reported quarterly earnings of $11.07 per share, exceeding the $10.81 consensus estimate, while revenue rose 11.6% year over year to $4.90 billion. The earnings growth and steady dividend support the investment case. Earnings growth and dividend article
• Positive Sentiment: Zacks Research upgraded AMP from “Hold” to “Strong Buy,” adding to a generally favorable analyst outlook. Jefferies also maintains a Buy rating with a $645 price target, while the analyst consensus is “Moderate Buy” with a target of about $555. Zacks upgrade report
• Positive Sentiment: The company declared a quarterly dividend of $1.70 per share, equivalent to $6.80 annually and a yield of approximately 1.3%. The modest payout ratio leaves room for continued capital returns if earnings remain strong. Ameriprise dividend and market data
• Neutral Sentiment: Ameriprise was recognized by J.D. Power for outstanding customer service for the fifth consecutive year. The award reinforces brand quality and client-retention potential but is unlikely to materially affect near-term results. J.D. Power recognition article
• Negative Sentiment: CFO Walter Stanley Berman sold 11,012 shares for approximately $6.05 million, reducing his position by 66.25%. Insider William Jerryl Williams also sold 16,104 shares across two transactions for roughly $8.67 million, cutting his holdings substantially. The sales may weigh on sentiment, although insider transactions do not necessarily signal a change in the company’s fundamentals. SEC insider transaction filing

Ameriprise Financial Stock Up 0.8%

Ameriprise Financial stock opened at $544.62 on Friday. 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 firm has a market cap of $48.96 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.73 and a beta of 1.16. The business has a fifty day moving average of $482.74 and a two-hundred day moving average of $475.85. Ameriprise Financial, Inc. has a twelve month low of $422.37 and a twelve month high of $553.46.

Ameriprise Financial (NYSE:AMP) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.81 by $0.26. The business had revenue of $4.90 billion for the quarter, compared to the consensus estimate of $4.87 billion. Ameriprise Financial had a return on equity of 64.19% and a net margin of 20.24%.The business’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $9.11 EPS. On average, analysts forecast that Ameriprise Financial, Inc. will post 45.84 earnings per share for the current fiscal year.

Ameriprise Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on AMP. Weiss Ratings raised shares of Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. 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. Jefferies Financial Group upped their target price on shares of Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Zacks Research raised shares of Ameriprise Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Piper Sandler lifted their price target on shares of Ameriprise Financial from $471.00 to $518.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $555.33.

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.