Teacher Retirement System of Texas decreased its stake in shares of Ameriprise Financial, Inc. (NYSE:AMP - Free Report) by 21.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,474 shares of the financial services provider's stock after selling 6,774 shares during the period. Teacher Retirement System of Texas' holdings in Ameriprise Financial were worth $12,491,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC purchased a new stake in Ameriprise Financial during the 4th quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Ameriprise Financial in the 3rd quarter valued at about $32,000. WFA of San Diego LLC purchased a new stake in shares of Ameriprise Financial in the 2nd quarter valued at about $36,000. Salomon & Ludwin LLC raised its holdings in shares of Ameriprise Financial by 76.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 99 shares of the financial services provider's stock valued at $49,000 after acquiring an additional 43 shares in the last quarter. Finally, Corundum Trust Company INC purchased a new stake in shares of Ameriprise Financial in the 3rd quarter valued at about $49,000. Hedge funds and other institutional investors own 83.95% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Raymond James Financial set a $582.00 price target on Ameriprise Financial and gave the company a "strong-buy" rating in a report on Wednesday, February 11th. Keefe, Bruyette & Woods assumed coverage on Ameriprise Financial in a report on Friday, April 10th. They issued a "hold" rating on the stock. Piper Sandler lowered their price target on Ameriprise Financial from $530.00 to $460.00 and set a "hold" rating on the stock in a report on Tuesday, April 7th. Morgan Stanley lowered their price target on Ameriprise Financial from $485.00 to $452.00 and set an "underweight" rating on the stock in a report on Friday, April 10th. Finally, BMO Capital Markets raised their price target on Ameriprise Financial from $470.00 to $490.00 and gave the company a "market perform" rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $540.33.
Read Our Latest Report on AMP
Ameriprise Financial Stock Performance
NYSE:AMP opened at $463.70 on Friday. The stock has a market cap of $42.28 billion, a P/E ratio of 11.53, a PEG ratio of 1.13 and a beta of 1.27. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.86. Ameriprise Financial, Inc. has a twelve month low of $422.37 and a twelve month high of $550.18. The business's 50-day moving average price is $454.55 and its two-hundred day moving average price is $474.57.
Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $11.26 earnings per share for the quarter, beating analysts' consensus estimates of $10.21 by $1.05. The company had revenue of $4.77 billion for the quarter, compared to analysts' expectations of $4.82 billion. Ameriprise Financial had a return on equity of 62.51% and a net margin of 20.57%.Ameriprise Financial's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $9.50 EPS. As a group, equities analysts predict that Ameriprise Financial, Inc. will post 41.06 EPS for the current fiscal year.
Ameriprise Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.5%. This is a positive change from Ameriprise Financial's previous quarterly dividend of $1.60. Ameriprise Financial's payout ratio is 17.60%.
Insider Activity at Ameriprise Financial
In related news, CFO Walter Stanley Berman sold 7,000 shares of the firm's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $544.22, for a total transaction of $3,809,540.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William F. Truscott sold 5,000 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $532.08, for a total value of $2,660,400.00. Following the transaction, the chief executive officer directly owned 12,149 shares in the company, valued at approximately $6,464,239.92. This represents a 29.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,658 shares of company stock valued at $8,998,675. Corporate insiders own 0.60% of the company's stock.
Ameriprise Financial News Roundup
Here are the key news stories impacting Ameriprise Financial this week:
- Positive Sentiment: Q1 earnings beat — Ameriprise reported $11.26 EPS vs. consensus ~$10.2 and saw revenue +9.7% year-over-year with AUM growth, supporting the stronger-than-expected profit print. Ameriprise Q1 Earnings Beat as Revenues & AUM Grow Y/Y
- Positive Sentiment: Dividend bump — Board raised the quarterly cash dividend to $1.70 (≈6.2% increase), reinforcing capital-return policy and income appeal for shareholders. Ameriprise Financial Increases Regular Quarterly Dividend 6 Percent
- Positive Sentiment: Analyst note — BMO raised its price target to $490 (market-perform), signaling modest upside from current levels and some analyst confidence after results. BMO Raises AMP Price Target to $490
- Neutral Sentiment: Earnings call/transcript available — Management commentary and the call transcript provide more details on revenue drivers, expense trends and guidance nuance for investors to parse. Ameriprise (AMP) Q1 2026 Earnings Transcript
- Neutral Sentiment: Valuation pieces circulating — Several outlets are reassessing AMP’s valuation after mixed share performance; useful for longer-term positioning but not immediate catalysts. Assessing Ameriprise Financial (AMP) Valuation After Recent Mixed Share Price Performance
- Negative Sentiment: Expenses and revenue miss — While EPS beat, revenue came in slightly below consensus ($4.77B vs. ~$4.82B) and rising expenses were flagged as tempering margin gains — a short-term profit-risk. Ameriprise Q1 Press Release / Slide Deck
- Negative Sentiment: Reported data incident — A report indicates ~47,876 Americans were warned after hackers hit an NYSE-listed firm, placing personal/financial data at risk; if this involves Ameriprise it could lead to reputational, remediation and regulatory costs. 47,876 Americans Warned After Hackers Hit NYSE-Listed Firm, Placing Personal and Financial Data at Risk
About Ameriprise Financial
(
Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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