Key Points
- CFO Walter Stanley Berman sold 11,012 Ameriprise shares for approximately $6.05 million at an average price of $548.95, reducing his direct stake by 66.25% to 5,609 shares.
- Ameriprise exceeded quarterly expectations, reporting $11.07 in earnings per share versus the $10.81 consensus and revenue of $4.90 billion, up 11.6% year over year.
- The company declared a quarterly dividend of $1.70 per share, or $6.80 annualized, representing a yield of about 1.2% and a 16.4% payout ratio; analysts maintain a “Moderate Buy” consensus with a $555.33 target price.
Ameriprise Financial, Inc. (NYSE:AMP - Get Free Report) CFO Walter Stanley Berman sold 11,012 shares of the company's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $548.95, for a total transaction of $6,045,037.40. Following the completion of the sale, the chief financial officer directly owned 5,609 shares of the company's stock, valued at $3,079,060.55. This trade represents a 66.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Ameriprise Financial Price Performance
AMP stock opened at $544.62 on Friday. 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 firm's fifty day moving average is $482.74 and its 200 day moving average is $475.85. Ameriprise Financial, Inc. has a 52 week low of $422.37 and a 52 week high of $553.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.71.
Ameriprise Financial (NYSE:AMP - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share for the quarter, topping the consensus estimate of $10.81 by $0.26. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.87 billion. During the same period in the previous year, the firm posted $9.11 earnings per share. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts predict that Ameriprise Financial, Inc. will post 45.84 earnings per share for the current year.
Ameriprise Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Monday, August 3rd will be paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 3rd. Ameriprise Financial's payout ratio is 16.40%.
Ameriprise Financial News Roundup
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
Wall Street Analysts Forecast Growth
A number of brokerages have commented on AMP. Piper Sandler lifted their price target on Ameriprise Financial from $471.00 to $518.00 and gave the stock a "neutral" rating in a research note on Monday, July 13th. BMO Capital Markets raised their target price on shares of Ameriprise Financial from $470.00 to $490.00 and gave the stock a "market perform" rating in a report on Friday, April 24th. Morgan Stanley upped their price target on shares of Ameriprise Financial from $467.00 to $489.00 and gave the company an "underweight" rating in a report on Friday, July 10th. Weiss Ratings raised shares of Ameriprise Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Ameriprise Financial from a "hold" rating to a "strong-buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $555.33.
Get Our Latest Stock Analysis on Ameriprise Financial
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in AMP. SouthState Bank Corp lifted its position in shares of Ameriprise Financial by 78.6% in the 4th quarter. SouthState Bank Corp now owns 50 shares of the financial services provider's stock worth $25,000 after purchasing an additional 22 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Ameriprise Financial during the 1st quarter valued at about $28,000. Ares Financial Consulting LLC purchased a new position in shares of Ameriprise Financial during the fourth quarter valued at about $32,000. Prosperity Bancshares Inc bought a new position in Ameriprise Financial in the fourth quarter worth about $33,000. Finally, Evolution Wealth Management Inc. bought a new position in Ameriprise Financial in the first quarter worth about $34,000. 83.95% of the stock is currently owned by institutional investors.
Ameriprise Financial Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
