Sweeney Joseph Edward

Sweeney Joseph Edward (Pres AWM Products) sells 4,636 shares of AMP for $2,499,147.99 at $539.07; holdings drop 39.0% to 7,237 shares.

Sweeney Joseph Edward, President of AWM Products & Services, executed a substantial open-market sale of 4,636 shares on 2025-02-19 at $539.07, reducing his holdings by 39.0% from 11,873 to 7,237 shares. His cross-ticker track record shows a 50.00% well-timed sell rate (6 prior sells with avg 90d return of +3.1%), though at Ameriprise specifically, his prior 5 trades show mixed timing—only 3 of 5 were well-timed at the 90-day mark. The current price of $530.48 is -7.8% from the 52-week high, and the stock has declined -5.5% over 30 days and -7.3% over 90 days since the transaction. Fundamentally, AMP remains profitable with Q4 revenue of $4.4B, net income of $511.0M, and annual revenue growth of +11.1%, supporting a P/E of 14.36. The sale represents a material portfolio reduction from a President-level executive but lacks sufficient data to distinguish between portfolio rebalancing and a directional view on valuation.

PRES-AWM PRODUCTS & SERVICES Sweeney sells 10,735 shares for $5.9M, reducing stake 64.9%; stock up 32.0% in 90 days

Sweeney Joseph Edward, President of AWM Products & Services at Ameriprise Financial, executed 3 separate sales totaling 10,735 shares for $5,900,823.41 on 2024-11-08, with a blended average price of $549.68. This represents a 64.9% reduction in his holdings, from 16,546 shares to 5,811 shares post-transaction. The sales occurred as AMP traded near its 52-week high (currently $559.89, only 1.3% below the $567.43 peak) and following a strong 32.0% gain over the prior 90 days. Notably, across his prior 3 sales at AMP specifically, none were well-timed at the 90-day mark—each of those sales saw the stock rise post-execution, returning between +5.3% and +10.2% in the 90-day period. The current filing follows the same pattern: stock momentum remains positive and the seller has substantially reduced his ownership position.