The Manufacturers Life Insurance Company Sells 5,386 Shares of Ameriprise Financial, Inc. $AMP

The Manufacturers Life Insurance Company lessened its position in Ameriprise Financial, Inc. (NYSE:AMP) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,456 shares of the financial services provider’s stock after selling 5,386 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ameriprise Financial were worth $21,089,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp grew its holdings in 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 valued at $2,171,360,000 after purchasing an additional 18,879 shares during the last quarter. Norges Bank bought a new stake in Ameriprise Financial in the fourth quarter worth about $742,438,000. Boston Partners lifted its stake in Ameriprise Financial by 1.1% in the third quarter. Boston Partners now owns 1,193,048 shares of the financial services provider’s stock worth $586,083,000 after purchasing an additional 13,172 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Ameriprise Financial by 84.2% during the fourth quarter. AQR Capital Management LLC now owns 1,085,889 shares of the financial services provider’s stock valued at $532,455,000 after buying an additional 496,319 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ameriprise Financial by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,024,758 shares of the financial services provider’s stock valued at $455,387,000 after buying an additional 19,731 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Ameriprise Financial Price Performance

Ameriprise Financial stock opened at $547.28 on Friday. The stock has a market cap of $49.20 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.74 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.71 and a quick ratio of 0.66. Ameriprise Financial, Inc. has a 1 year low of $422.37 and a 1 year high of $553.46. The firm has a 50-day moving average of $484.62 and a two-hundred day moving average of $476.35.

Ameriprise Financial (NYSE:AMP) last issued its earnings results on Thursday, July 23rd. The financial services provider reported $11.07 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $4.87 billion. During the same period last year, the company posted $9.11 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts forecast that Ameriprise Financial, Inc. will post 46.12 earnings per share for the current year.

Ameriprise Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 3rd will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, August 3rd. Ameriprise Financial’s dividend payout ratio (DPR) is presently 16.40%.

Insider Transactions at Ameriprise Financial

In other Ameriprise Financial news, EVP Gerard P. Smyth sold 6,255 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $472.52, for a total value of $2,955,612.60. Following the completion of the sale, the executive vice president directly owned 6,103 shares in the company, valued at approximately $2,883,789.56. This represents a 50.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $465.83, for a total value of $558,996.00. Following the transaction, the director directly owned 6,300 shares in the company, valued at $2,934,729. The trade was a 16.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 34,571 shares of company stock valued at $18,227,419. Company insiders own 0.60% of the company’s stock.

Trending Headlines about Ameriprise Financial

Here are the key news stories impacting Ameriprise Financial this week:

• Positive Sentiment: Ameriprise’s latest quarterly results exceeded expectations: adjusted earnings were $11.07 per share versus the $10.81 consensus, while revenue increased 11.6% year over year to $4.90 billion. Analysts expect approximately $45.84 in full-year EPS, reinforcing the company’s growth outlook. Earnings and dividend analysis
• Positive Sentiment: The company declared a quarterly dividend of $1.70 per share, or $6.80 annualized, with a payout ratio of about 16.4%. The relatively low payout ratio supports the potential for continued shareholder returns if earnings remain strong. Ameriprise dividend information
• Positive Sentiment: Brokerage coverage remains broadly favorable. Ameriprise has an overall “Moderate Buy” consensus rating, and some firms have issued bullish upgrades or price-target increases, including a reported $645 target from Jefferies. Analyst recommendation coverage
• Neutral Sentiment: The consensus price target is approximately $555.33, only modestly above recent trading levels. This suggests analysts remain constructive but see limited near-term upside after the stock’s strong advance.
• Negative Sentiment: CFO Walter Stanley Berman sold 11,012 shares for approximately $6.05 million, reducing his direct ownership by 66.25%. Insider William Jerryl Williams also sold 16,104 shares across two transactions for about $8.67 million. The sales could pressure investor sentiment, particularly with AMP near its 52-week high, although they do not necessarily indicate deteriorating fundamentals. SEC insider transaction filing

Analyst Upgrades and Downgrades

AMP has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on Ameriprise Financial from $470.00 to $490.00 and gave the company a “market perform” rating in a research note on Friday, April 24th. Jefferies Financial Group raised their price target on Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings upgraded Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Morgan Stanley upped their price objective on Ameriprise Financial from $467.00 to $489.00 and gave the company an “underweight” rating in a research report on Friday, July 10th. Finally, Keefe, Bruyette & Woods increased their target price on Ameriprise Financial from $515.00 to $545.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.33.

Ameriprise Financial Company Profile

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.