2,470 American Express Company $AXP Shares Purchased by Private Advisory Group LLC

Private Advisory Group LLC boosted its holdings in shares of American Express Company (NYSE:AXP) by 6.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 40,668 shares of the payment services company’s stock after buying an additional 2,470 shares during the period. Private Advisory Group LLC’s holdings in American Express were worth $12,367,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Ariadne Wealth Management LP grew its stake in American Express by 33.3% during the 3rd quarter. Ariadne Wealth Management LP now owns 972 shares of the payment services company’s stock worth $296,000 after purchasing an additional 243 shares in the last quarter. Barr E S & Co. increased its holdings in American Express by 0.4% during the 3rd quarter. Barr E S & Co. now owns 140,134 shares of the payment services company’s stock worth $42,615,000 after purchasing an additional 520 shares during the period. Everest Financial Group LLC raised its position in American Express by 1.8% in the 3rd quarter. Everest Financial Group LLC now owns 1,920 shares of the payment services company’s stock valued at $584,000 after purchasing an additional 34 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its position in American Express by 2.2% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 166,904 shares of the payment services company’s stock valued at $50,786,000 after purchasing an additional 3,572 shares in the last quarter. Finally, PBU The Pension Fund of Early Childhood & Youth Educators raised its position in American Express by 6.3% in the 3rd quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 79,703 shares of the payment services company’s stock valued at $24,238,000 after purchasing an additional 4,753 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of AXP stock opened at $318.50 on Friday. The company has a market cap of $213.57 billion, a P/E ratio of 17.93, a PEG ratio of 1.36 and a beta of 1.09. The firm has a fifty day moving average price of $315.64 and a 200 day moving average price of $324.84. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. American Express’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th were issued a $0.95 dividend. The ex-dividend date was Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s dividend payout ratio is presently 21.40%.

Insider Activity

In related news, insider Laureen Seeger sold 69,860 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of the sale, the insider owned 9,002 shares in the company, valued at $2,954,186.34. The trade was a 88.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen J. Squeri sold 299,401 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $332.16, for a total value of $99,449,036.16. Following the completion of the transaction, the chief executive officer directly owned 60,567 shares of the company’s stock, valued at $20,117,934.72. This trade represents a 83.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 414,171 shares of company stock worth $137,069,544. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AXP shares. BMO Capital Markets initiated coverage on American Express in a research note on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price objective for the company. Evercore set a $330.00 target price on shares of American Express in a research note on Tuesday, October 27th. Citigroup reduced their target price on shares of American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, October 27th. Loop Capital reduced their target price on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Finally, Truist Financial decreased their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $365.42.

American Express Profile

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.