Hemenway Trust Co LLC Has $10.41 Million Position in American Express Company $AXP

Hemenway Trust Co LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 52.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 31,339 shares of the payment services company’s stock after buying an additional 10,749 shares during the quarter. Hemenway Trust Co LLC’s holdings in American Express were worth $10,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AXP. ZEGA Investments LLC acquired a new stake in shares of American Express in the 3rd quarter valued at $1,080,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in American Express by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock valued at $531,038,000 after buying an additional 4,080 shares in the last quarter. Elite Wealth Management Inc. bought a new position in American Express in the third quarter valued at about $2,763,000. Reliant Investment Management LLC lifted its holdings in shares of American Express by 1.9% in the second quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock worth $8,354,000 after acquiring an additional 480 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its holdings in shares of American Express by 0.9% in the second quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company’s stock worth $26,438,000 after acquiring an additional 764 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group reiterated a “neutral” rating and set a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $425.00 price target on shares of American Express in a research note on Monday, January 12th. Truist Financial reduced their price objective on American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Morgan Stanley set a $395.00 target price on American Express in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company lifted their price target on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus target price of $352.73.

Insider Activity

In other news, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the transaction, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. The trade was a 57.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Denise Pickett sold 23,385 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the sale, the insider directly owned 7,754 shares of the company’s stock, valued at $2,767,480.14. This represents a 75.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,944 shares of company stock worth $26,114,366 in the last three months. Corporate insiders own 0.20% of the company’s stock.

American Express Trading Down 1.2%

NYSE AXP opened at $341.93 on Friday. The firm has a market capitalization of $234.77 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The business’s 50-day moving average price is $364.73 and its two-hundred day moving average price is $347.76. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.American Express’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, January 2nd. American Express’s dividend payout ratio (DPR) is currently 21.31%.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.