Key Points
- CEO William Truscott sold 5,000 shares on Feb. 10 at an average price of $532.08 for about $2.66M, reducing his direct stake by 29.16% to 12,149 shares.
- Other insiders, including SVP Gumer Alvero and a director, also executed sizable sales; MarketBeat says the aggregated insider selling coincided with higher volume and negative price action that likely pressured the stock.
- Fundamentals remain strong: Ameriprise reported a quarterly EPS beat ($10.83 vs. $10.33) with revenue up 10.2% year-over-year and has declared a $1.60 quarterly dividend (annualized $6.40, ~1.4% yield).
Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report) CEO William Truscott sold 5,000 shares of Ameriprise Financial stock in a transaction that occurred on Tuesday, February 10th. The stock was 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 trade represents a 29.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ameriprise Financial Price Performance
Shares of NYSE AMP opened at $467.49 on Friday. The stock has a market cap of $43.43 billion, a P/E ratio of 12.86, a P/E/G ratio of 1.14 and a beta of 1.26. Ameriprise Financial, Inc. has a twelve month low of $396.14 and a twelve month high of $552.43. The stock has a 50 day moving average of $502.44 and a two-hundred day moving average of $491.51. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86.
Ameriprise Financial (NYSE:AMP - Get Free Report) last announced its earnings results on Thursday, January 29th. The financial services provider reported $10.83 EPS for the quarter, beating analysts' consensus estimates of $10.33 by $0.50. Ameriprise Financial had a net margin of 19.28% and a return on equity of 63.04%. The business had revenue of $4.90 billion for the quarter, compared to analysts' expectations of $4.75 billion. During the same period in the previous year, the company posted $9.54 EPS. The company's quarterly revenue was up 10.2% on a year-over-year basis. On average, research analysts forecast that Ameriprise Financial, Inc. will post 38.64 earnings per share for the current year.
Ameriprise Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 9th will be paid a $1.60 dividend. The ex-dividend date is Monday, February 9th. This represents a $6.40 dividend on an annualized basis and a yield of 1.4%. Ameriprise Financial's payout ratio is currently 17.60%.
Trending Headlines about Ameriprise Financial
Here are the key news stories impacting Ameriprise Financial this week:
- Positive Sentiment: Company fundamentals remain strong: Ameriprise reported an EPS beat and double-digit revenue growth in its latest quarter, and it recently declared a $1.60 quarterly dividend (annualized $6.40). Those items support the stock's longer-term thesis. MarketBeat AMP Summary
- Neutral Sentiment: Management is engaging with investors — Ameriprise presented at the Bank of America Financial Services Conference; the transcript provides detail but no new headline guidance. Useful for longer-term modeling, but not market-moving by itself. Conference Transcript
- Neutral Sentiment: Valuation commentary is mixed — analysts’ consensus target remains above the current price, with several firms reiterating Buy/Hold ratings and some target upgrades; this provides upside framing but hasn’t prevented near-term volatility. Valuation Check
- Negative Sentiment: Material insider selling: SVP Gumer Alvero sold 4,658 shares (~$2.53M) and CEO William Truscott sold 5,000 shares (~$2.66M) in separate filings, significantly reducing their holdings — insider exits at this scale tend to spook investors and likely triggered today’s selling pressure. Insider Trades Alert
- Negative Sentiment: Additional insider sales reported (another director sold 7,000 shares); aggregated insider selling headlines have coincided with higher volume and negative price action. Market Reaction to Insider Selling
- Negative Sentiment: Leadership change: Ameriprise announced the retirement of long-time wealth executive Joseph E. Sweeney. Loss of a key wealth-management leader adds near-term execution uncertainty for the advice/wealth channel. Retirement Announcement
Institutional Trading of Ameriprise Financial
Several hedge funds have recently modified their holdings of AMP. Vanguard Group Inc. grew its holdings in Ameriprise Financial by 0.9% during the second quarter. Vanguard Group Inc. now owns 12,432,261 shares of the financial services provider's stock worth $6,635,471,000 after acquiring an additional 111,386 shares during the period. JPMorgan Chase & Co. lifted its holdings in Ameriprise Financial by 7.7% in the second quarter. JPMorgan Chase & Co. now owns 6,270,995 shares of the financial services provider's stock valued at $3,347,019,000 after acquiring an additional 446,080 shares during the period. State Street Corp boosted its position in shares of Ameriprise Financial by 0.4% during the 3rd quarter. State Street Corp now owns 4,420,072 shares of the financial services provider's stock worth $2,171,360,000 after purchasing an additional 18,879 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Ameriprise Financial by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,818,428 shares of the financial services provider's stock worth $1,500,115,000 after purchasing an additional 47,584 shares during the period. Finally, Norges Bank purchased a new position in shares of Ameriprise Financial in the 4th quarter valued at about $742,438,000. 83.95% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Ameriprise Financial from $550.00 to $530.00 and set a "market perform" rating on the stock in a report on Monday, November 3rd. Morgan Stanley increased their price objective on Ameriprise Financial from $484.00 to $485.00 and gave the stock an "underweight" rating in a research report on Monday, December 22nd. Piper Sandler raised Ameriprise Financial from an "underweight" rating to a "neutral" rating and boosted their target price for the company from $434.00 to $530.00 in a report on Friday, January 30th. 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. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Ameriprise Financial in a report on Monday, December 29th. One equities 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's stock. Based on data from MarketBeat.com, Ameriprise Financial currently has an average rating of "Hold" and an average target price of $555.67.
Check Out Our Latest Analysis on AMP
About Ameriprise Financial
(
Get 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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