Ameriprise Financial (NYSE:AMP) Stock Unloaded Rep. Rick W. Allen

Representative Rick W. Allen (Republican-Georgia) recently sold shares of Ameriprise Financial, Inc. (NYSE:AMP). In a filing disclosed on June 05th, the Representative disclosed that they had sold between $50,001 and $100,000 in Ameriprise Financial stock on April 15th. The trade occurred in the Representative’s “R.W. ALLEN & ASSOCIATES, INC. > RWA&A – SECURITIES” account.

Representative Rick W. Allen also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Intuit (NASDAQ:INTU) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of Procter & Gamble (NYSE:PG) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of S&P Global (NYSE:SPGI) on 4/16/2026.
• Sold $15,001 – $50,000 in shares of Abbott Laboratories (NYSE:ABT) on 4/16/2026.

Ameriprise Financial Stock Down 0.1%

AMP traded down $0.45 on Tuesday, hitting $448.94. The company had a trading volume of 480,852 shares, compared to its average volume of 675,596. The stock has a market capitalization of $40.36 billion, a price-to-earnings ratio of 11.16, a P/E/G ratio of 1.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a fifty day moving average price of $456.18 and a 200-day moving average price of $472.75. Ameriprise Financial, Inc. has a 12-month low of $422.37 and a 12-month high of $550.18.

Ameriprise Financial (NYSE:AMP) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $11.26 EPS for the quarter, beating the consensus estimate of $10.21 by $1.05. Ameriprise Financial had a net margin of 20.57% and a return on equity of 62.88%. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the firm posted $9.50 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts predict that Ameriprise Financial, Inc. will post 42.63 EPS for the current fiscal year.

Ameriprise Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a dividend of $1.70 per share. The ex-dividend date of this dividend was Monday, May 4th. This is an increase from Ameriprise Financial’s previous quarterly dividend of $1.60. This represents a $6.80 dividend on an annualized basis and a yield of 1.5%. Ameriprise Financial’s dividend payout ratio is 16.91%.

Hedge Funds Weigh In On Ameriprise Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Nebraska Trust Co purchased a new position in shares of Ameriprise Financial in the 1st quarter valued at approximately $348,000. Eley Financial Management Inc raised its position in shares of Ameriprise Financial by 0.8% in the 1st quarter. Eley Financial Management Inc now owns 4,325 shares of the financial services provider’s stock valued at $1,922,000 after purchasing an additional 33 shares during the last quarter. Kentucky Retirement Systems raised its position in shares of Ameriprise Financial by 167.7% in the 1st quarter. Kentucky Retirement Systems now owns 16,062 shares of the financial services provider’s stock valued at $7,138,000 after purchasing an additional 10,063 shares during the last quarter. Bull Harbor Capital LLC purchased a new position in shares of Ameriprise Financial in the 1st quarter valued at approximately $908,000. Finally, South Dakota Investment Council increased its holdings in shares of Ameriprise Financial by 50.0% in the first quarter. South Dakota Investment Council now owns 720 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 240 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts have weighed in on AMP shares. Morgan Stanley raised their target price on shares of Ameriprise Financial from $452.00 to $467.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Raymond James Financial set a $582.00 price target on shares of Ameriprise Financial and gave the stock a “strong-buy” rating in a report on Wednesday, February 11th. Weiss Ratings cut Ameriprise Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Keefe, Bruyette & Woods initiated coverage on Ameriprise Financial in a research report on Friday, April 10th. They issued a “hold” rating for the company. Finally, BMO Capital Markets raised their price objective on Ameriprise Financial from $470.00 to $490.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $543.22.

About Representative Allen

Rick Allen (Republican Party) is a member of the U.S. House, representing Georgia’s 12th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Allen (Republican Party) ran for re-election to the U.S. House to represent Georgia’s 12th Congressional District. He won in the general election on November 5, 2024.

Allen was born in Augusta, Georgia, in 1951. He attended Auburn University in Alabama, graduating in 1973 with a B.S. in building construction.

After earning his degree, Allen worked as an estimator, project administrator and assistant to the president with a construction firm in Augusta. In 1976, he founded his own construction business, R. W. Allen & Associates, Inc. The company operates in six states across the country. In 2008, Allen was presented with the Augusta Metro Chamber of Commerce’s Small Business Person of the Year award.

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.