Ameriprise Financial (NYSE: AMP) discloses 5.4% beneficial stake in Quanex (NX)
Rhea-AI Filing Summary
Ameriprise Financial, Inc. reported beneficial ownership of 2,453,837 shares of Quanex Building Products Corporation common stock, representing 5.4% of the class as of 12/31/2025. The shares have shared voting power over 2,447,897 shares and shared dispositive power over 2,453,837 shares, with no sole voting or dispositive power.
Ameriprise states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Quanex. The company also disclaims beneficial ownership of any shares reported in this Schedule.
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FAQ
How much of Quanex (NX) does Ameriprise Financial beneficially own?
Ameriprise Financial beneficially owns 2,453,837 shares of Quanex common stock, equal to 5.4% of the outstanding class as of December 31, 2025. This ownership is reported with shared voting and dispositive power rather than sole control over the shares.
Why did Ameriprise file a Schedule 13G for Quanex (NX)?
Ameriprise filed because its beneficial ownership reached more than 5% of Quanex’s common stock, triggering disclosure. It certifies the shares were acquired and are held in the ordinary course of business, not to change or influence control of the company’s management or policies.
Does Ameriprise seek control of Quanex Building Products Corporation (NX)?
Ameriprise states the Quanex securities were acquired and are held in the ordinary course of business and not for changing or influencing control of the issuer. The certification also notes the holdings are not in connection with any control-related transaction, except certain nomination activities referenced by rule.
Does Ameriprise claim full beneficial ownership of its Quanex (NX) position?
Ameriprise expressly disclaims beneficial ownership of any shares reported on this Schedule. That means, although it must report these holdings for regulatory purposes, it does not concede full economic or control benefits typically associated with beneficial ownership under securities regulations.
Who signed the Ameriprise ownership report for Quanex (NX)?
The report was signed by Michael G. Clarke, Senior Vice President and North America Head of Operations & Investor Services at Ameriprise. The signature certifies, after reasonable inquiry, that the information provided about Quanex share ownership is true, complete, and correct to the signer’s knowledge.