Cetera Investment Advisers Reduces $5M in Ameriprise Financial, Inc. ($AMP)
Cetera Investment Advisers trims its Ameriprise Financial holdings by 23.7% in recent SEC filing.
Key Points
- Cetera Investment Advisers cut its stake in Ameriprise Financial by 23.7%, reducing its holdings by 9,868 shares to 31,823 shares.
- Shares of Ameriprise Financial traded near $471.44 on Wednesday, with a market cap of about $42.38 billion and a P/E ratio of 11.74.
- Insider Gerard Smyth sold shares on May 14, 2026, while analysts have set mixed price targets, ranging from $467 to $620.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Cetera Investment Advisers has reduced its holdings in Ameriprise Financial, Inc. (NYSE: AMP) by 23.7%, according to a recent SEC filing. The firm sold 9,868 shares, bringing its total to 31,823 shares valued at approximately $15 million. The changes were reported as of the filing date, May 13, 2026.
Cetera Investment Advisers vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Cetera Investment Advisers' Ameriprise Financial Position
Cetera Investment Advisers trimmed its stake in Ameriprise Financial, cutting its holdings by 9,868 shares. The firm now holds 31,823 shares, down from 41,691 shares previously. The reported value of the position stands at about $15 million.
Other Institutional Activity in Ameriprise Financial
Other major institutional investors have also adjusted their positions in Ameriprise Financial. BlackRock, Inc. reduced its holdings by 235,285 shares, ending with 8,625,947 shares worth approximately $3.83 billion, a 2.7% decrease. Vanguard Capital Management LLC opened a new position, acquiring 5,932,051 shares valued at around $2.64 billion. Similarly, Vanguard Portfolio Management LLC initiated a stake with 5,254,197 shares, worth about $2.33 billion. State Street Corp increased its holdings by 229,187 shares to a total of 4,592,587 shares, marking a 5.3% increase, valued at $2.04 billion. Geode Capital Management, LLC added 57,697 shares, bringing its total to 2,873,671 shares, a 2.0% increase, valued at $1.27 billion.
Ameriprise Financial, Inc. Stock Down 18.3%
Shares of Ameriprise Financial traded near $471.44 on Wednesday. The company has a market cap of approximately $42.38 billion and a P/E ratio of 11.74. Its forward P/E ratio is 9.88, and the stock's beta is 1.166, indicating moderate volatility. Over the past year, the stock has ranged from a low of $422.37 to a high of $550.18. The 50-day moving average is $460.41, while the 200-day moving average is $474.30. The company maintains a current ratio of 2.483 and a quick ratio of 1.616, with a debt-to-equity ratio of 56.246.
$AMP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Ameriprise Financial reported revenue of $19.32 billion, reflecting a growth rate of 9%. The company's net margin stands at 20.17%, with a return on equity of 66.94%. Earnings per share were $40.15. The next earnings report is scheduled for July 23, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
2 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 9.2%. Revenue beat estimates by 2.1%.
-
Profit surprise
EBITDA missed by 13 percent. Operating income met by 0 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
2 target raises, 1 target cut.
-
Earnings quality
Gross margin up 55.1 points. Operating margin up 9.3 points.
Earnings Call Summary
Ameriprise posted record earnings of 11.26 dollars per share, beating consensus by 10 percent, as revenues grew 11 percent to 4.8 billion dollars. Assets under management reached 1.7 trillion dollars, up 12 percent, fueled by client net inflows and market gains. Management credited their integrated technology platform, strong adviser productivity reaching 1.2 million dollars, and disciplined hiring approach as key drivers. They remain focused on organic growth over acquisitions and are investing heavily in AI tools and new banking products.
Guidance Management did not provide specific forward guidance. They emphasized strong organic growth momentum and disciplined capital allocation, with confidence in achieving their 4 to 5 percent net client asset growth target despite aggressive recruiting competition. Huntington Bank partnership with 28 billion dollars in assets begins in the fourth quarter; Comerica advisers expected to depart by end of third quarter.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Dividend
Ameriprise Financial offers an annual dividend rate of $6.80, yielding 1.45%. The dividend payout ratio is 15.95%.
Insider Buying and Selling at Ameriprise Financial, Inc.
On May 14, 2026, Gerard Smyth, EVP & Head of Technology & Service Delivery, sold 1,437 shares at an average price of $471.22 and another 6,255 shares at $472.52. Smyth also bought 2,221 shares at $165.41. Robert Francis Sharpe Jr. sold 1,200 shares at $465.83 on May 8, 2026.
Analysts Set New Price Targets
Analyst activity shows mixed sentiment for Ameriprise Financial. On May 4, 2026, Piper Sandler maintained a 'hold' rating with a target price of $471. Morgan Stanley also maintained a 'sell' rating, setting a target of $467 on April 30, 2026. BMO Capital held a 'hold' rating with a $490 target on April 24, 2026. RBC Capital reiterated a 'buy' rating with a $605 target on February 2, 2026.
About Ameriprise Financial
Ameriprise Financial, Inc. is a diversified financial services company based in Minneapolis, Minnesota. It provides financial planning and advice, asset management, and retirement and protection solutions to clients in the United States and internationally. The company operates through several segments, including Advice & Wealth Management, Asset Management, and Retirement & Protection Solutions. Founded in 1894, Ameriprise employs about 13,600 people and is led by CEO James M. Cracchiolo.
Bottom Line
Cetera Investment Advisers' reduction in its Ameriprise Financial holdings reflects a strategic adjustment as reported in its recent 13F filing. Investors often track such filings to gauge institutional sentiment, although they represent past positions. Ameriprise Financial continues to draw interest from both institutional investors and analysts, with varied opinions on its future performance.
Get Ameriprise Financial, Inc. alerts
New 13F filings, insider trades, and analyst moves on $AMP, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.