American Express Company $AXP Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in American Express Company (NYSE:AXP) by 0.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 346,642 shares of the payment services company’s stock after selling 2,850 shares during the period. Retirement Systems of Alabama’s holdings in American Express were worth $105,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AXP. Archer Investment Corp bought a new position in shares of American Express during the 2nd quarter valued at about $25,000. Elevation Wealth Partners LLC grew its position in shares of American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after purchasing an additional 41 shares during the period. John Boyer Inc. bought a new stake in American Express during the 3rd quarter worth approximately $29,000. Cedar Mountain Advisors LLC increased its stake in American Express by 58.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in American Express during the 2nd quarter worth approximately $33,000. 84.33% of the stock is currently owned by institutional investors.

American Express News Roundup

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

• Positive Sentiment: American Express and Fanatics introduced a co-branded credit card and added Fanatics FanCash as a Membership Rewards transfer option. The partnership could broaden AmEx’s appeal among sports fans and create another way to engage cardmembers, though the reports did not quantify the potential financial contribution. AmEx Takes Page From Trading Cards With Fanatics Deal
• Positive Sentiment: A Zacks article highlighted American Express as a long-term stock pick, supporting a favorable investment view, although it did not report a new company development. Why American Express Is a Top Stock for the Long-Term
• Neutral Sentiment: A report said American Express shares gained but lagged the broader market, indicating the stock’s session performance was weaker than the market overall. American Express Stock Rises Monday, Still Underperforms Market
• Negative Sentiment: Commentary noted that premium-card fee growth is strong, but rising rewards, benefits and marketing expenses may make it harder to convert that growth into higher profits. Can American Express Turn Premium Card Growth Into Higher Profits?

American Express Stock Up 1.0%

AXP stock opened at $324.35 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $217.49 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.40 and a beta of 1.09. The business has a 50-day moving average of $316.03 and a 200-day moving average of $325.48. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $20.12 billion. During the same period last year, the company earned $4.14 earnings per share. American Express’s quarterly revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, sell-side analysts anticipate that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is 21.40%.

Insider Transactions at American Express

In other news, insider Anna Marrs sold 44,910 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the sale, the insider owned 20,509 shares of the company’s stock, valued at $6,710,544.80. The trade was a 68.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen J. Squeri sold 299,401 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was 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 directly owned 60,567 shares in the company, valued at approximately $20,117,934.72. This represents a 83.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 414,171 shares of company stock valued at $137,069,544 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AXP has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Loop Capital reduced their price target on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a report on Monday, July 27th. Evercore set a $330.00 price objective on shares of American Express in a research report on Tuesday, October 27th. JPMorgan Chase & Co. raised their price objective on shares of American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Finally, Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Express has an average rating of “Moderate Buy” and a consensus target price of $365.22.

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.

Stephen J.