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Ameriprise Financial Slides as BofA Downgrade Highlights Advisor Retention Risks

Investivoq PriceTracker

Ameriprise Financial (AMP) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The clearest catalyst appears to be a fresh analyst downgrade that turned attention to advisor retention, slower organic growth, and the risk of weaker wealth-management flows. The sell-off suggests investors are taking those concerns seriously ahead of the company’s late-October earnings report.

Details:

  • BofA cut Ameriprise to Underperform from Buy on October 19 and reduced its price target to $445 from $570, a sharp reset in its valuation view.
  • The downgrade was tied to retention challenges, including accelerated departures of large advisor teams and concern that keeping advisors could require higher retention spending.
  • The analyst also projected advisor headcount could trend negative in 2026 excluding the Huntington Bank-related addition, while net new assets may trail key rivals in 2027.
  • Ameriprise is also approaching its next expected earnings release on October 29, which can make stocks more sensitive to rating changes and any debate around growth, margins, and asset flows.

    • Sources:

    Reuters, Yahoo Finance, Ameriprise Financial

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $AMP Insider Trading Activity

    AMP Insider Trades

    $AMP insiders have traded $AMP stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

    Here’s a breakdown of recent trading of $AMP stock by insiders over the last 6 months:

    • JAMES M CRACCHIOLO (CHAIRMAN AND CEO) has made 0 purchases and 2 sales selling 18,020 shares for an estimated $9,828,560.
    • WILLIAM JERRYL WILLIAMS (Pres, Wealth Mgmt Advisor Grp) has made 0 purchases and 5 sales selling 16,104 shares for an estimated $8,667,768.
    • WALTER STANLEY BERMAN (EXECUTIVE VP AND CFO) has made 0 purchases and 2 sales selling 11,012 shares for an estimated $6,045,030.
    • GERARD P. SMYTH (EVP & Hd. of Tech. & Serv. Del) sold 6,255 shares for an estimated $2,955,606
    • DEIRDRE DAVEY MCGRAW (EVP Mktg, Strat. & Comms.) sold 2,400 shares for an estimated $1,339,866
    • DAWN M. BROCKMAN (SVP AND CONTROLLER) sold 472 shares for an estimated $263,815

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $AMP Hedge Fund Activity

    We have seen 570 institutional investors add shares of $AMP stock to their portfolio, and 606 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 1,101,289 shares (+inf%) to their portfolio in Q2 2026, for an estimated $505,227,341
    • BLACKROCK, INC. removed 690,810 shares (-8.0%) from their portfolio in Q2 2026, for an estimated $316,915,995
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 607,766 shares (+inf%) to their portfolio in Q2 2026, for an estimated $278,818,730
    • CURATED WEALTH PARTNERS LLC removed 410,153 shares (-99.7%) from their portfolio in Q3 2026, for an estimated $201,938,829
    • UBS GROUP AG removed 356,878 shares (-30.6%) from their portfolio in Q2 2026, for an estimated $163,721,351
    • MAN GROUP PLC added 308,662 shares (+163.3%) to their portfolio in Q2 2026, for an estimated $141,601,779
    • ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. removed 284,725 shares (-49.1%) from their portfolio in Q2 2026, for an estimated $130,620,441

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $AMP Price Targets

    Multiple analysts have issued price targets for $AMP recently. We have seen 3 analysts offer price targets for $AMP in the last 6 months, with a median target of $471.0.

    Here are some recent targets:

    • Crispin Love from Piper Sandler set a target price of $471.0 on 05/04/2026
    • Michael Cyprys from Morgan Stanley set a target price of $467.0 on 04/30/2026
    • Brennan Hawken from BMO Capital set a target price of $490.0 on 04/24/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.