Aquatic Capital Management LLC Boosts Position in Ameriprise Financial, Inc. $AMP

Key Points

• Aquatic Capital boosted its stake in Ameriprise by 777.8%, adding 11,807 shares to hold 13,325 shares worth $6.546M, while other large moves (Norges Bank's new ~$693.7M stake, JPMorgan's 6.27M shares) leave institutional investors owning 83.95% of the stock.
• Insiders have sold a total of 16,658 shares (≈$9.0M) in the last 90 days — including large sales by Gumer Alvero and CFO Walter Berman that roughly halved their holdings — leaving insiders with just 0.57% ownership.
• Ameriprise beat quarterly estimates (EPS $10.83 vs. $10.33; revenue $4.92B vs. $4.75B), declared a $1.60 quarterly dividend ($6.40 annual, 1.4% yield), and currently carries a consensus analyst rating of Hold with an average target of $555.67.

Aquatic Capital Management LLC lifted its holdings in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 777.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,325 shares of the financial services provider's stock after acquiring an additional 11,807 shares during the quarter. Aquatic Capital Management LLC's holdings in Ameriprise Financial were worth $6,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Ameriprise Financial in the second quarter worth about $693,736,000. JPMorgan Chase & Co. boosted its stake in Ameriprise Financial by 7.7% during the second quarter. JPMorgan Chase & Co. now owns 6,270,995 shares of the financial services provider's stock worth $3,347,019,000 after acquiring an additional 446,080 shares in the last quarter. Man Group plc grew its holdings in Ameriprise Financial by 687.4% in the third quarter. Man Group plc now owns 276,822 shares of the financial services provider's stock worth $135,989,000 after purchasing an additional 241,665 shares during the period. Federated Hermes Inc. grew its holdings in 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 purchasing an additional 219,080 shares during the period. Finally, Close Asset Management Ltd increased its stake in shares of Ameriprise Financial by 78.2% during the third quarter. Close Asset Management Ltd now owns 463,149 shares of the financial services provider's stock valued at $227,652,000 after purchasing an additional 203,252 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company's stock.

Insider Buying and Selling at Ameriprise Financial

In other news, insider Gumer Alvero sold 4,658 shares of the business's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $542.88, for a total value of $2,528,735.04. Following the transaction, the insider directly owned 4,621 shares in the company, valued at $2,508,648.48. The trade was a 50.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Walter Stanley Berman sold 7,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the sale, the chief financial officer directly owned 5,609 shares of the company's stock, valued at approximately $3,052,529.98. This trade represents a 55.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,658 shares of company stock valued at $8,998,675 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

Ameriprise Financial Trading Up 0.4%

Shares of AMP stock opened at $442.03 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market cap of $40.30 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.03 and a beta of 1.27. Ameriprise Financial, Inc. has a 1 year low of $396.14 and a 1 year high of $550.18. The firm has a fifty day moving average price of $491.57 and a 200-day moving average price of $484.72.

Ameriprise Financial (NYSE:AMP - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $10.83 EPS for the quarter, topping analysts' consensus estimates of $10.33 by $0.50. The business had revenue of $4.92 billion during the quarter, compared to analysts' expectations of $4.75 billion. Ameriprise Financial had a return on equity of 63.04% and a net margin of 19.28%.The business's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $9.54 earnings per share. As a group, equities analysts predict that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.

Ameriprise Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 9th were paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, February 9th. Ameriprise Financial's dividend payout ratio is presently 17.60%.

Analyst Ratings Changes

Several brokerages recently commented on AMP. BMO Capital Markets reissued a "market perform" rating on shares of Ameriprise Financial in a research report on Tuesday, March 3rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Ameriprise Financial in a report on Monday, December 29th. Raymond James Financial set a $582.00 price target on Ameriprise Financial and gave the stock a "strong-buy" rating in a research note on Wednesday, February 11th. Piper Sandler raised Ameriprise Financial from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $434.00 to $530.00 in a research report on Friday, January 30th. Finally, Jefferies Financial Group lifted their price objective on Ameriprise Financial from $600.00 to $620.00 and gave the stock a "buy" rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $555.67.

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.

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