Bank of America 13F: Cuts AMP Stake by $10M
Bank of America reduced its holdings in Ameriprise Financial by 3.35%, leaving it with 650.5 thousand shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America sold 22,575 shares from its stake in Ameriprise Financial, Inc. ($AMP), a 3.35% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 650,536 shares worth $294.66 million at the end of the quarter.
Since the filing, $AMP is down 3.3% after 1 week, up 0.2% after 1 month and up 6.6% to date (from the $469.71 close on May 18, 2026).
AMP
Ameriprise Financial, Inc.
Key Points
- Bank of America trimmed its position in Ameriprise Financial NYSE:AMP by selling 22,575 shares during the period.
- The institutional investor wrapped up the reporting period with 650,536 shares valued at approximately $294.66 million.
- Wall Street firms hold a consensus buy recommendation on the asset management firm with a mean price target of $579.45.
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Bank of America Trims Ameriprise Financial Holdings
Bank of America lowered its investment in Ameriprise Financial, Inc. NYSE:AMP during the period, according to a recent Form 13F filing with the U.S. Securities and Exchange Commission. The filing looks backward at past quarters and may not represent the investor's current position today. The major financial institution trimmed its holdings by 22,575 shares, resulting in a 3.35% decrease for the quarter.
Inside the Portfolio Adjustment
Following the reduction, Bank of America held 650,536 shares of the asset management firm. The total reported value of the remaining stake stood at roughly $294.66 million. This change follows similar portfolio trims by other institutions earlier in May, such as Cetera Investment Advisers and Aristotle Capital, which also adjusted their exposure to the wealth management company.
Ameriprise Financial Stock Performance
Shares of Ameriprise Financial traded near $452.95 on Friday. The company carries a price-to-earnings ratio of 12.95 and a forward P/E ratio of 10.37. Over the past year, the equity has moved between a 52-week low of $422.37 and a 52-week high of $572.56.
Recent Earnings and Financial Health
The asset management firm reported an earnings per share figure of $41.37 alongside revenue of $19.84 billion. The enterprise achieved a net margin of 19.9% and a return on equity of 63.4%. Its revenue grew by 11.6% compared to the prior period. Investors look forward to the company's next quarterly earnings report scheduled for October 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 9.2%. Revenue beat estimates by 2.1%.
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Profit surprise
EBITDA missed by 13 percent. Operating income met by 0 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
2 target raises, 1 target cut.
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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 Payments
Ameriprise Financial distributes an annual dividend rate of $6.80 per share, which translates to a dividend yield of 1.25%. The payout ratio sits at 15.7%, showing how much of the firm's earnings are returned to shareholders through dividends.
Wall Street Analyst Views
Financial firms have actively updated their targets for the stock. On October 9, 2026, Morgan Stanley maintained an underweight rating and lowered its price target to $483.00 from $489.00. A few days earlier on October 7, 2026, Evercore ISI Group kept an in-line rating while raising its target to $632.00 from $623.00. BMO Capital maintained a market perform rating on October 6, 2026, adjusting its price target to $520.00 from $560.00. Overall, analysts hold a consensus buy rating on the stock with a mean price target of $579.45 across 11 opinions.
About Ameriprise Financial
Headquartered in Minneapolis, Minnesota, Ameriprise Financial operates as a diversified financial services company providing financial planning, advice, retirement solutions, and asset management products through brands like Columbia Threadneedle Investments. The firm serves retail, high-net-worth, and institutional clients globally. Institutional shifts by major banks like Bank of America offer a window into how large asset managers rebalance their portfolios across the financial sector.
What's Ahead for AMP
Market participants will monitor upcoming institutional filings and the late October earnings release to gauge how large holders adjust their strategies. As regulatory filings provide a historical snapshot, future reports will show whether major financial entities continue paring back their positions or shift toward accumulation.
Related Filing Alerts
Source: Bank of America's 13F filing on $AMP (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts