Ameriprise Financial Draws Institutional Shifts and Undervaluation Calls

Ameriprise Financial Inc. (NYSE: AMP) experienced active repositioning by institutional investors and valuation scrutiny following recent corporate announcements. Shares rose 3.4% to $518.30 on November 09, 2026, and opened at $518.81 the following Tuesday. According to GuruFocus, the stock traded at an estimated 12.3% discount relative to its proprietary GF Value metric of $590.85, backed by an overall GF Score of 94/100.

Third-quarter institutional filings revealed mixed movements across major holders. Kestra Investment Management LLC trimmed its position by 25.2% after selling 2,409 shares, leaving it with 7,135 shares worth $3,513,000. TrinityBridge Ltd also reduced its position by 40.1%, parting with 85,091 shares to retain 127,169 shares valued at $62,584,000. Conversely, Allspring Global Investments Holdings LLC significantly expanded its stake by 76.7%, acquiring 207,980 shares to bring its total to 479,011 shares worth $237,024,000. Associated Banc Corp entered a new position by purchasing 44,054 shares valued at $21,690,000. Institutional entities collectively hold 83.95% of Ameriprise shares.

Despite institutional support, insider trades have followed a different trajectory. GuruFocus noted that company insiders divested $65.9 million in shares over the trailing 12 months without any recorded purchases. Corporate filings showed Senior Vice President Dawn Brockman sold 472 shares on August 10th at an average price of $558.93, while Executive Vice President Deirdre McGraw sold 2,400 shares on August 6th at an average price of $558.28. Corporate insiders hold 0.60% of the company's shares.

The repositioning follows the company's financial results released on Thursday, October 29th. Ameriprise posted quarterly earnings of $11.26 per share, trailing the consensus projection of $11.77. Revenue reached $5.08 billion, rising 6.8% from the prior-year period but falling slightly below the expected $5.10 billion. The firm demonstrated a return on equity of 69.94% and a net margin of 20.99%.

To reward shareholders, the company's board approved a $5.50 billion share repurchase program on Tuesday, September 29th, enabling the repurchase of up to 12.3% of outstanding shares. Management also maintained a quarterly dividend of $1.70 per share scheduled for payment on Friday, November 27th to investors of record as of Monday, November 9th. MarketBeat data indicates Wall Street brokerages hold an average consensus rating of Hold with an average price target of $557.