AMP EVP Davies sold 8,700 shares ($3.8M) at $442.07; holdings cut -39.7% to 13.2K shares post-transaction.
Davies William, Executive VP and Global CIO, sold 8,700 shares of Ameriprise Financial at $442.07 on 2024-08-30, reducing his shareholding by 39.7% from 21.9K to 13.2K shares. The sale occurred near the upper end of the stock's 52-week range ($307.14–$449.44), with the current price at $442.91 showing the transaction was completed just 1.4% below the 52-week high. The company fundamentals remain solid—P/E of 14.17, net income of $829.0M on quarterly revenue of $4.2B, and 8.9% annual revenue growth—suggesting the sale was not motivated by deteriorating business conditions. The substantial reduction in personal holdings (nearly 40% of the pre-transaction stake liquidated in a single transaction) represents a material decrease in executive alignment with shareholder interests at a company with solid valuation metrics.