American Express Company $AXP Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC decreased its holdings in shares of American Express Company (NYSE:AXP) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,094 shares of the payment services company’s stock after selling 2,005 shares during the quarter. Calamos Wealth Management LLC’s holdings in American Express were worth $15,538,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Burke & Herbert Bank & Trust Co. grew its stake in American Express by 0.6% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 7,570 shares of the payment services company’s stock valued at $2,302,000 after purchasing an additional 48 shares in the last quarter. Alta Advisers Ltd raised its stake in shares of American Express by 79.4% during the 3rd quarter. Alta Advisers Ltd now owns 3,772 shares of the payment services company’s stock worth $1,147,000 after purchasing an additional 1,670 shares in the last quarter. Westside Investment Management Inc. raised its stake in shares of American Express by 21.3% during the 3rd quarter. Westside Investment Management Inc. now owns 1,139 shares of the payment services company’s stock worth $346,000 after purchasing an additional 200 shares in the last quarter. Principle Wealth Partners LLC boosted its holdings in shares of American Express by 1.4% in the 3rd quarter. Principle Wealth Partners LLC now owns 8,781 shares of the payment services company’s stock valued at $2,670,000 after buying an additional 119 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of American Express by 26.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 103,646 shares of the payment services company’s stock valued at $31,519,000 after buying an additional 21,738 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Activity

In related news, CEO Stephen J. Squeri sold 299,401 shares of American Express stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $332.16, for a total transaction of $99,449,036.16. Following the completion of the sale, the chief executive officer owned 60,567 shares of the company’s stock, valued at approximately $20,117,934.72. The trade was a 83.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the sale, the insider directly owned 20,509 shares of the company’s stock, valued at $6,710,544.80. The trade was a 68.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 414,171 shares of company stock valued at $137,069,544 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AXP. Citigroup lowered 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. Evercore set a $330.00 price target on shares of American Express in a research report on Tuesday, October 27th. Royal Bank Of Canada cut their price target on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Loop Capital decreased their price objective on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, UBS Group boosted their price objective on shares of American Express from $345.00 to $346.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $365.22.

American Express News Summary

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express has reduced its share count by 27% since 2016, while diluted earnings per share increased 352% from Q3 2016 to the latest quarter. The article credits its premium brand and network advantages—long-term strengths that have helped shareholders, rather than a new near-term development. Article: American Express Has Cut Its Share Count by 27% Since 2016
• Positive Sentiment: ETFs recorded $41.8 million in net purchases of AXP shares on Nov. 4, providing a modest signal of institutional demand. Article: American Express Sees $41.8 Million in Net ETF Buying
• Negative Sentiment: A report says American Express insider Laureen Seeger sold 69,860 shares. Insider sales can weigh on sentiment, although the provided report does not give context for the transaction. Article: Insider Laureen Seeger Sells 69,860 Shares
• Negative Sentiment: AXP also had a notable decline in the prior session, but the cited coverage does not specify what drove the move. This recent weakness may be weighing on near-term sentiment. Article: American Express Drops 3.5%

American Express Stock Performance

Shares of AXP stock traded down $3.95 during trading on Friday, reaching $321.02. 2,932,179 shares of the company’s stock were exchanged, compared to its average volume of 3,071,100. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $215.26 billion, a PE ratio of 18.08, a PEG ratio of 1.39 and a beta of 1.09. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The firm’s fifty day moving average price is $316.22 and its 200-day moving average price is $325.65.

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. American Express had a return on equity of 34.19% and a net margin of 15.80%. The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter in the prior year, the business earned $4.14 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.98 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is currently 21.40%.

American Express Company 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.

Stephen J.