Walter Stanley Berman Sells 11,012 Shares of Ameriprise Financial (NYSE:AMP) Stock

Ameriprise Financial, Inc. (NYSE:AMP) CFO Walter Stanley Berman sold 11,012 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $548.95, for a total value of $6,045,037.40. Following the transaction, the chief financial officer owned 5,609 shares in the company, valued at approximately $3,079,060.55. This trade represents a 66.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ameriprise Financial Price Performance

Shares of Ameriprise Financial stock opened at $547.28 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $484.62 and a 200-day simple moving average of $476.35. The stock has a market capitalization of $49.20 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.74 and a beta of 1.16. Ameriprise Financial, Inc. has a 1-year low of $422.37 and a 1-year high of $553.46.

Ameriprise Financial (NYSE:AMP) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $11.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.81 by $0.26. The business had revenue of $4.90 billion for the quarter, compared to analyst estimates of $4.87 billion. Ameriprise Financial had a net margin of 20.24% and a return on equity of 64.19%. Ameriprise Financial’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $9.11 EPS. On average, sell-side analysts expect that Ameriprise Financial, Inc. will post 45.84 earnings per share for the current year.

Ameriprise Financial Announces Dividend

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

Key Ameriprise Financial News

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

A number of research analysts have recently commented on AMP shares. Zacks Research upgraded Ameriprise Financial from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Morgan Stanley upped their target price on shares of Ameriprise Financial from $467.00 to $489.00 and gave the company an “underweight” rating in a research note on Friday, July 10th. Weiss Ratings raised shares of Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 17th. Keefe, Bruyette & Woods raised their price target on shares of Ameriprise Financial from $515.00 to $545.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Finally, BMO Capital Markets boosted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $555.33.

Institutional Trading of Ameriprise Financial

A number of large investors have recently bought and sold shares of the stock. SouthState Bank Corp grew its holdings 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 last quarter. Cassaday & Co Wealth Management LLC bought a new position in Ameriprise Financial during the 1st quarter valued at about $28,000. Ares Financial Consulting LLC acquired a new position in Ameriprise Financial in the fourth quarter valued at about $32,000. Prosperity Bancshares Inc acquired a new position in Ameriprise Financial in the fourth quarter valued at about $33,000. Finally, Evolution Wealth Management Inc. bought a new stake in Ameriprise Financial during the first quarter worth about $34,000. 83.95% of the stock is currently owned by institutional investors.

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.