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Explain this story: Ameriprise Financial, Inc. $AMP Stock Acquired by Montecito Bank & Trust
Montecito Bank & Trust significantly increased its stake in Ameriprise Financial (AMP) by 122.8% in the third quarter, now holding 8,017 shares valued at $3.95 million. Institutional investors collectively own 83.95% of AMP shares. Ameriprise reported strong quarterly earnings, beating estimates, and announced a $1.70 quarterly dividend along with a $5.5 billion share repurchase plan, while company insiders sold nearly 30,000 shares.
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Montecito Bank & Trust significantly increased its stake in Ameriprise Financial (AMP) by 122.8% in the third quarter, now holding 8,017 shares valued at $3.95 million. Institutional investors collectively own 83.95% of AMP shares. Ameriprise reported strong quarterly earnings, beating estimates, and announced a $1.70 quarterly dividend along with a $5.5 billion share repurchase plan, while company insiders sold nearly 30,000 shares.
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Published Oct 1, 2026, 20:11 ET · on this site +1h 51m