Pictet Asset Management Holding SA decreased its holdings in Ameriprise Financial in Q4, amid sustained institutional interest from major funds and robust company earnings fueling investor attention.
Pictet Asset Management Holding SA trimmed its holding in Ameriprise Financial during the fourth quarter, according to a filing highlighted by MarketBeat, leaving the Swiss firm with 53,393 shares valued at about $26.18 million. The move came even as Ameriprise continued to attract heavy institutional backing, with investment managers and hedge funds collectively controlling 83.95% of the stock.
The wider shareholder picture shows mixed but still substantial professional interest. MarketBeat said State Street, Boston Partners, Federated Hermes, Legal & General and AQR Capital Management all increased their stakes in the wealth manager in the latest disclosed periods, with Federated Hermes making the largest percentage gain among that group. That pattern suggests that, while some investors have been lightening exposure, the name remains firmly on the radar of large asset managers.
Ameriprise also has delivered recent operating and shareholder returns that appear to support that interest. The company reported first-quarter earnings per share of $11.26, ahead of Wall Street’s expectation of $10.21, while revenue came in at $4.77 billion. It also lifted its quarterly dividend to $1.70 from $1.60, a move that takes the annualised payout to $6.80 and leaves the stock yielding about 1.4%.
The shares have traded between $422.37 and $550.18 over the past year and were last quoted at $474.97, giving the company a market value of roughly $43.31 billion. Analysts are split: MarketBeat said the stock currently carries a consensus Hold rating and an average target price of $542, even after several firms maintained or raised positive calls earlier this year. Insiders have also been active sellers, including chief financial officer Walter Stanley Berman and insider Gumer Alvero, though those sales were small relative to the company’s overall ownership base.
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Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
7
Notes:
The article reports on Pictet Asset Management Holding SA's reduction of its stake in Ameriprise Financial, with a filing date of May 1, 2026. Similar information has been reported by MarketBeat in the past week, indicating freshness. However, the article's reliance on a single source raises concerns about originality and potential recycling of content. Further verification is needed to confirm the uniqueness of the narrative.
Quotes check
Score:
5
Notes:
The article includes specific figures, such as the number of shares held (53,393) and their value (approximately $26.18 million). While these figures are consistent with recent reports, the absence of direct quotes from Pictet Asset Management Holding SA or Ameriprise Financial raises questions about the authenticity and verification of the information.
Source reliability
Score:
6
Notes:
The article is sourced from MarketBeat, a financial news aggregator. While MarketBeat compiles information from various sources, its own editorial standards and independence are not well-documented, which may affect the reliability of the information presented.
Plausibility check
Score:
8
Notes:
The reported reduction in stake by Pictet Asset Management Holding SA aligns with typical investment strategies and recent market activities. However, the lack of direct confirmation from the involved parties or additional reputable sources makes the claim plausible but not fully verified.
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The article reports on Pictet Asset Management Holding SA's reduction of its stake in Ameriprise Financial, with a filing date of May 1, 2026. Similar information has been reported by MarketBeat in the past week, indicating freshness. However, the article's reliance on a single source raises concerns about originality and potential recycling of content. The absence of direct quotes and independent verification from other reputable sources further diminishes the reliability of the information. Given these factors, the content does not meet the necessary standards for publication under our editorial indemnity.
