Moors & Cabot Inc. Buys 3,158 Shares of American Express Company $AXP

Moors & Cabot Inc. increased its stake in shares of American Express Company (NYSE:AXP) by 31.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,231 shares of the payment services company’s stock after purchasing an additional 3,158 shares during the period. Moors & Cabot Inc.’s holdings in American Express were worth $4,023,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Riverbend Wealth Management LLC grew its position in shares of American Express by 0.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock valued at $1,379,000 after purchasing an additional 34 shares in the last quarter. Everest Financial Group LLC boosted its stake in American Express by 1.8% during the third quarter. Everest Financial Group LLC now owns 1,920 shares of the payment services company’s stock valued at $584,000 after buying an additional 34 shares during the period. Cedar Mountain Advisors LLC boosted its stake in American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after buying an additional 35 shares during the period. Consilium Wealth Advisory LLC grew its position in American Express by 4.6% during the third quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock worth $241,000 after buying an additional 35 shares in the last quarter. Finally, Gryphon Financial Partners LLC increased its stake in American Express by 1.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock worth $753,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup lowered their price target on American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, October 27th. Jefferies Financial Group restated a “hold” rating and issued a $330.00 price objective on shares of American Express in a research report on Friday, October 23rd. Royal Bank Of Canada lowered their target price on shares of American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Loop Capital dropped their target price 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, Barclays cut their price target on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $365.42.

American Express Price Performance

AXP stock traded up $2.32 during mid-day trading on Friday, hitting $320.38. 1,714,513 shares of the stock were exchanged, compared to its average volume of 3,022,052. 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 business has a fifty day moving average price of $315.45 and a 200 day moving average price of $324.64. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock has a market capitalization of $214.83 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.34 and a beta of 1.09.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 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% on a year-over-year basis. During the same period in the prior year, the company earned $4.14 EPS. 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 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s dividend payout ratio (DPR) is 21.40%.

Insiders Place Their Bets

In other news, CEO Stephen Squeri sold 299,401 shares of the business’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 sale, the chief executive officer directly owned 60,567 shares in the company, valued at approximately $20,117,934.72. The trade was a 83.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 44,910 shares of the company’s 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 $6,710,544.80. This trade represents a 68.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 414,171 shares of company stock valued at $137,069,544. 0.14% of the stock is currently owned by corporate insiders.

About American Express

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.