American Express Company $AXP Stock: Legacy Financial Independent Advisors LLC Reduces Stake

Legacy Financial Independent Advisors LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 22.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,460 shares of the payment services company’s stock after selling 2,993 shares during the quarter. American Express comprises about 1.6% of Legacy Financial Independent Advisors LLC’s holdings, making the stock its 22nd largest position. Legacy Financial Independent Advisors LLC’s holdings in American Express were worth $3,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of American Express during the second quarter valued at $14,208,662,000. State Street Corp lifted its holdings in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after purchasing an additional 11,739,541 shares during the period. Bank of America Corp DE lifted its holdings in shares of American Express by 8.4% during the second 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. Corient Private Wealth LP grew its stake in shares of American Express by 492.2% in the second quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after purchasing an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of American Express in the second quarter worth $1,263,787,000. 84.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other American Express news, insider Laureen Seeger sold 69,860 shares of American Express stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the sale, the insider directly owned 9,002 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the sale, the insider directly owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Piper Sandler increased their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Morgan Stanley cut their target price on American Express from $382.00 to $380.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Barclays reduced their price target on American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a research report on Monday, October 26th. Royal Bank Of Canada decreased their price target on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Loop Capital decreased their price target on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $365.22.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express expanded its NBA, WNBA and USA Basketball partnerships with international cardmember experiences and benefits, which could support customer engagement and brand loyalty. Article: American Express Brings Global Basketball Perks to Cardholders
• Positive Sentiment: An October partnership with Airbnb adds more than one million listings to Amex Travel for eligible U.S. cardmembers, potentially enhancing the appeal of its travel platform. Article: Airbnb Stock in Focus After Amex Deal
• Neutral Sentiment: A recent comparison asks whether AXP or Virtu Financial is the better value stock, but the available summary provides no specific valuation conclusion or new company catalyst. Article: VIRT or AXP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Insiders Anna Marrs and Laureen Seeger disclosed sizable stock sales. Such transactions can weigh on sentiment, though they do not necessarily signal a change in business outlook. Article: American Express Insider Anna Marrs Sells Shares Article: American Express Insider Laureen Seeger Sells Shares
• Negative Sentiment: Macro concerns are cited as the broader issue behind selling, alongside a report highlighting job cuts. A separate warning from investor Bill Ackman about corporate-spending fintech Ramp adds to concerns about competition, although the article notes analysts still expect AXP to grow earnings and revenue. Article: Amex Stock Slides on Job Cuts, but the Real Story Is Macro Article: American Express Draws Bill Ackman’s Warning

American Express Stock Down 2.3%

Shares of NYSE AXP opened at $324.95 on Friday. The company’s 50 day moving average price is $316.48 and its 200-day moving average price is $325.81. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. 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 $217.90 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09.

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

American Express Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s dividend payout ratio (DPR) is presently 21.40%.

American Express Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.