Bull Harbor Capital LLC Takes $908,000 Position in Ameriprise Financial, Inc. $AMP

Bull Harbor Capital LLC acquired a new stake in shares of Ameriprise Financial, Inc. (NYSE:AMP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,043 shares of the financial services provider’s stock, valued at approximately $908,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. South Dakota Investment Council boosted its holdings in shares of Ameriprise Financial by 50.0% during the 1st quarter. South Dakota Investment Council now owns 720 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 240 shares during the last quarter. Smith Group Asset Management LLC purchased a new position in shares of Ameriprise Financial during the first quarter valued at approximately $467,000. Opal Capital LLC raised its stake in Ameriprise Financial by 451.8% during the 1st quarter. Opal Capital LLC now owns 2,130 shares of the financial services provider’s stock valued at $947,000 after buying an additional 1,744 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Ameriprise Financial by 26.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,308 shares of the financial services provider’s stock valued at $1,026,000 after buying an additional 477 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Ameriprise Financial by 78.1% during the 1st quarter. Empowered Funds LLC now owns 37,735 shares of the financial services provider’s stock valued at $16,769,000 after buying an additional 16,548 shares during the period. Institutional investors own 83.95% of the company’s stock.

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

Ameriprise Financial Price Performance

NYSE AMP opened at $544.62 on Friday. The company has a market capitalization of $48.96 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.73 and a beta of 1.16. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.71. The business’s fifty day moving average is $482.74 and its 200 day moving average is $475.85. Ameriprise Financial, Inc. has a fifty-two week low of $422.37 and a fifty-two week high of $553.46.

Ameriprise Financial (NYSE:AMP) last issued its quarterly 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 return on equity of 64.19% and a net margin of 20.24%.The business had revenue of $4.90 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter in the prior year, the business posted $9.11 earnings per share. The business’s quarterly revenue was up 11.6% on a year-over-year basis. Sell-side analysts predict that Ameriprise Financial, Inc. will post 45.84 earnings per share for the current year.

Ameriprise Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Ameriprise Financial from $636.00 to $645.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings upgraded Ameriprise Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Keefe, Bruyette & Woods upped their price target on shares of Ameriprise Financial from $515.00 to $545.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Zacks Research upgraded shares of Ameriprise Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, BMO Capital Markets raised 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $555.33.

Insider Activity

In related news, Director Robert Francis Sharpe, Jr. sold 1,200 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,934,729. The trade was a 16.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gerard P. Smyth sold 6,255 shares of Ameriprise Financial stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $472.52, for a total transaction of $2,955,612.60. Following the completion of the sale, the executive vice president owned 6,103 shares in the company, valued at approximately $2,883,789.56. This represents a 50.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 34,571 shares of company stock valued at $18,227,419. 0.60% of the stock is owned by insiders.

About Ameriprise Financial

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.