Ameriprise Financial Inc. Buys 193,901 Shares of Lowe's Companies, Inc. $LOW

NodeGuardian · 2026-03-17T17:28:34+00:00

Ameriprise Financial increased its stake in Lowe's by 7.8%, acquiring 193,901 additional shares, totaling 2,686,414 shares valued at $668.24 million. Lowe's reported strong earnings, and analysts maintain a "Moderate Buy" on the stock.

NodeGuardian

2026-03-17 17:28:34

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Ameriprise Financial Inc. has increased its holdings in Lowe’s Companies, Inc. by 7.8% during the third quarter, acquiring an additional 193,901 shares and bringing its total stake to 2,686,414 shares valued at approximately $668.24 million. This move comes as Lowe’s reported strong quarterly earnings, beating analyst expectations with $1.98 EPS and $20.58 billion in revenue, and issued optimistic FY2026 guidance. Despite a recent sale of 18,000 shares by CEO Marvin R. Ellison, analysts maintain a “Moderate Buy” consensus for LOW with an average target price of $289.76.

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