Ameriprise Financial, Inc. $AMP Stock: Nippon Life Global Investors Americas Inc. Trims Stake

Nippon Life Global Investors Americas Inc. cut its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP) by 22.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,870 shares of the financial services provider’s stock after selling 4,960 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Ameriprise Financial were worth $8,306,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Avail Investment Partners LLC boosted its position in Ameriprise Financial by 2.6% during the third 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 during the period. Novem Group increased its holdings in shares of Ameriprise Financial by 0.9% in the third quarter. Novem Group now owns 2,303 shares of the financial services provider’s stock valued at $1,134,000 after purchasing an additional 21 shares during the last quarter. North Dakota State Investment Board raised its position in shares of Ameriprise Financial by 0.9% in the second quarter. North Dakota State Investment Board now owns 2,716 shares of the financial services provider’s stock valued at $1,246,000 after purchasing an additional 24 shares during the period. HBK Sorce Advisory LLC raised its position in shares of Ameriprise Financial by 2.8% in the second quarter. HBK Sorce Advisory LLC now owns 892 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 24 shares during the period. Finally, Fulton Bank N.A. lifted its stake in shares of Ameriprise Financial by 0.4% during the 2nd quarter. Fulton Bank N.A. now owns 6,688 shares of the financial services provider’s stock worth $3,068,000 after buying an additional 25 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMP has been the topic of a number of research reports. Evercore decreased their price target on shares of Ameriprise Financial from $625.00 to $623.00 in a research note on Friday, July 24th. BMO Capital Markets cut their price objective on shares of Ameriprise Financial from $560.00 to $520.00 and set a “market perform” rating for the company in a research report on Tuesday, October 6th. Raymond James Financial boosted their price objective on Ameriprise Financial from $582.00 to $638.00 and gave the stock a “strong-buy” rating in a report on Friday, August 21st. Jefferies Financial Group decreased their target price on Ameriprise Financial from $645.00 to $638.00 in a research report on Monday, October 12th. Finally, Piper Sandler increased their target price on Ameriprise Financial from $518.00 to $561.00 in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $557.00.

Insider Buying and Selling at Ameriprise Financial

In other news, SVP Dawn Brockman sold 472 shares of the stock in a transaction on 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 approximately $398,517.09. This represents a 39.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deirdre Mcgraw sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $558.28, for a total transaction of $1,339,872.00. Following the completion of the transaction, the executive vice president owned 3,373 shares of the company’s stock, valued at approximately $1,883,078.44. This trade represents a 41.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.60% of the stock is currently owned by corporate insiders.

Ameriprise Financial Stock Performance

NYSE AMP opened at $491.18 on Monday. 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 market capitalization of $44.16 billion, a P/E ratio of 11.05, a P/E/G ratio of 1.05 and a beta of 1.13. Ameriprise Financial, Inc. has a 12-month low of $422.37 and a 12-month high of $572.56. The firm has a 50-day moving average price of $519.56 and a two-hundred day moving average price 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 analysts’ consensus estimates of $11.77 by ($0.51). The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.10 billion. Ameriprise Financial had a return on equity of 69.94% and a net margin of 20.99%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $9.92 EPS. Analysts anticipate that Ameriprise Financial, Inc. will post 46.08 earnings per share for the current year.

Ameriprise Financial Announces Dividend

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

Ameriprise Financial announced that its Board of Directors has initiated a share buyback plan on Tuesday, September 29th that permits the company to buy back $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 an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Ameriprise Financial

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.

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.