Morgan Stanley Cuts AMP Price Target to $483
Morgan Stanley has reiterated its Underweight rating on Ameriprise Financial, lowering the price target to $483, a 4.45% downside from the current price.
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Morgan Stanley cut its price target on Ameriprise Financial, Inc. ($AMP) to $483 from $489 on October 9, 2026, and rates the stock "Underweight".
Since the rating, $AMP is up 0.1% after 1 week and up 0.1% to date (from the $500.51 close on Oct 9, 2026).
AMP
Ameriprise Financial, Inc.
Key Points
- On October 9, 2026, Morgan Stanley reiterated its Underweight rating on Ameriprise Financial (AMP) and reduced its price target from $489 to $483.
- Morgan Stanley's $483 price target implies 4.45% downside from Ameriprise Financial, Inc.'s ($AMP) current $505.50 share price.
- Ameriprise Financial recently traded around $505.5, which is about 4.7% above Morgan Stanley's new price target.
- The company's next earnings report is scheduled for October 29, 2026, offering insight into its financial performance.
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Morgan Stanley reiterated its Underweight rating on Ameriprise Financial, Inc. (AMP) on October 9, 2026, lowering its price target from $489 to $483. This reflects a cautious outlook for the financial services company, which operates in asset management and offers financial planning services.
Other Institutional Activity in Ameriprise Financial
Blackrock Inc. reduced its holdings by 690,950 shares, ending with 7,935,137 shares valued at approximately $3.97 billion. Vanguard Capital Management LLC trimmed its position by 31,440 shares, resulting in 5,900,661 shares worth about $2.96 billion. Vanguard Portfolio Management LLC also decreased its stake by 77,233 shares, bringing its total to 5,176,700 shares valued at around $2.59 billion. Meanwhile, State Street Corporation grew its holdings by 80,367 shares, ending with 4,672,743 shares worth about $2.34 billion. Geode Capital Management, LLC saw a reduction of 117,539 shares, leaving it with 2,756,276 shares valued at approximately $1.38 billion.
Ameriprise Financial, Inc. Stock Up 0.6%
Shares of Ameriprise Financial recently traded around $505.5, which is about 4.7% above Morgan Stanley's new price target of $483. The stock's performance is noteworthy as it approaches its next earnings date on October 29, 2026, potentially influencing future analyst ratings and investor sentiment.
$AMP price target
Ameriprise Financial, Inc. daily closes and this analyst's $483 target. Not advice.
Recent Earnings
For the trailing twelve months, Ameriprise Financial reported revenue of approximately $19.84 billion and earnings per share (EPS) of $41.37. The company's revenue growth year-over-year stands at 11.6%, and it has a net margin of 19.9%. These figures will be crucial as investors await the next earnings report.
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.
Insider Buying and Selling at Ameriprise Financial, Inc.
Insiders at Ameriprise have sold shares recently, with CEO James M. Cracchiolo selling 18,020 shares valued at about $9.83 million on July 28, 2026. CFO Walter Stanley Berman sold 11,012 shares worth approximately $6.05 million on the same day. Additionally, Officer Deirdre Davey McGraw sold 2,400 shares at an average price of $558.28 on August 6, 2026, totaling around $1.34 million. Dawn M. Brockman, an officer and beneficial owner, sold 472 shares at an average price of $558.93 on August 10, 2026, valued at about $263,815.
Analysts Set New Price Targets
On October 9, 2026, Morgan Stanley maintained its Underweight rating on Ameriprise Financial with a new price target of $483, down from $489. Other analysts have also been active, with Keefe, Bruyette & Woods maintaining a Market Perform rating with a target of $545, and Argus Research maintaining a Buy rating with a target of $590.
About Ameriprise Financial
Ameriprise Financial, Inc. is a diversified financial services company based in Minneapolis, MN. The company provides financial planning, investment management, and retirement solutions to both individual and institutional clients. Its various segments include Advice & Wealth Management, Asset Management, and Retirement & Protection Solutions, making it a key player in the financial services sector.
Bottom Line
Investors should keep an eye on Ameriprise Financial's upcoming earnings report on October 29, 2026, as it may influence future analyst ratings and stock performance. Morgan Stanley's recent reiteration of its Underweight rating and reduced price target reflects a cautious stance amid a competitive market landscape.
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Source: Morgan Stanley's rating change on $AMP (Oct 9, 2026). Written by software, not financial advice. How we make alerts