American Express Company $AXP Shares Sold by CX Institutional

CX Institutional lowered its position in American Express Company (NYSE:AXP) by 36.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 25,173 shares of the payment services company’s stock after selling 14,637 shares during the period. CX Institutional’s holdings in American Express were worth $8,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AXP. BlackRock Inc. purchased a new stake in shares of American Express in the 2nd quarter valued at $14,208,662,000. State Street Corp boosted its holdings in American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the last quarter. Bank of America Corp DE grew its position in American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after purchasing an additional 614,981 shares during the period. Capital World Investors boosted its stake in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after buying an additional 2,393,340 shares during the last quarter. Finally, Nuveen LLC boosted its stake in shares of American Express by 6.0% in the fourth quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock worth $1,913,560,000 after buying an additional 293,107 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Price Performance

AXP traded up $0.67 during midday trading on Friday, hitting $302.76. 2,637,918 shares of the company traded hands, compared to its average volume of 3,246,236. The business has a 50 day simple moving average of $327.94 and a two-hundred day simple moving average of $324.71. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a market capitalization of $204.46 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 1.29 and a beta of 1.08. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the company earned $4.08 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.68 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is 23.06%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AXP shares. Barclays lifted their price target on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Citigroup decreased their target price on shares of American Express from $355.00 to $340.00 and set a “neutral” rating for the company in a research note on Wednesday. President Capital increased their price target on shares of American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Thursday, June 18th. Finally, Guggenheim initiated coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $366.96.

About American Express

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.