American Express Company $AXP Stock Sold by Vestor Capital LLC

Vestor Capital LLC reduced its stake in American Express Company (NYSE:AXP) by 93.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,034 shares of the payment services company’s stock after selling 170,461 shares during the period. Vestor Capital LLC’s holdings in American Express were worth $3,355,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AXP. BlackRock Inc. acquired a new position in shares of American Express during the second quarter worth about $14,208,662,000. State Street Corp grew its stake in shares of 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 buying an additional 11,739,541 shares in the last quarter. Bank of America Corp DE grew its stake in shares of American Express by 8.4% in the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after buying an additional 614,981 shares in the last quarter. Corient Private Wealth LP acquired a new stake in shares of American Express in the second quarter valued at about $253,945,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of American Express during the 2nd quarter valued at about $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction dated 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 sale, the insider owned 9,002 shares in the company, valued at approximately $2,954,186.34. This represents a 88.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 44,910 shares of the 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 transaction, the insider directly owned 20,509 shares in the company, 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. 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 corporate insiders.

American Express Price Performance

Shares of NYSE AXP opened at $324.35 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The business has a 50 day moving average price of $316.03 and a two-hundred day moving average price of $325.48. The firm has a market cap of $217.49 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) 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 analyst estimates 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 in the prior year, the company posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Sell-side analysts expect that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on AXP shares. BTIG Research reduced their price target on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research report on Monday, September 7th. Morgan Stanley lowered their price objective on shares of American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Loop Capital dropped their price objective on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. BMO Capital Markets initiated coverage on shares of American Express in a research note on Thursday, October 8th. They set an “outperform” rating and a $380.00 price objective on the stock. Finally, 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 research report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $365.22.

More American Express News

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 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.