Swiss National Bank Has $536.63 Million Stake in American Express Company $AXP

Swiss National Bank trimmed its position in American Express Company (NYSE:AXP) by 4.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,615,579 shares of the payment services company’s stock after selling 82,300 shares during the quarter. Swiss National Bank’s holdings in American Express were worth $536,631,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AXP. Valley Wealth Managers Inc. grew its position in American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in American Express during the third quarter worth about $27,000. Guerra Advisors Inc acquired a new position in American Express during the third quarter valued at approximately $28,000. Halbert Hargrove Global Advisors LLC grew its stake in American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 59 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in shares of American Express during the 3rd quarter worth approximately $34,000. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other American Express news, insider Denise Pickett sold 23,385 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the transaction, the insider owned 7,754 shares in the company, valued at $2,767,480.14. This trade represents a 75.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anna Marrs sold 27,425 shares of American Express stock in a transaction on 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 sale, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This represents a 57.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 73,944 shares of company stock valued at $26,114,366. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AXP shares. JPMorgan Chase & Co. dropped their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. The Goldman Sachs Group restated a “buy” rating and set a $420.00 target price on shares of American Express in a report on Tuesday, January 6th. Wolfe Research began coverage on shares of American Express in a research note on Monday, December 8th. They issued a “peer perform” rating for the company. Wall Street Zen lowered shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average target price of $352.73.

American Express Stock Performance

NYSE AXP opened at $300.83 on Monday. The stock has a market cap of $206.55 billion, a PE ratio of 19.55, a P/E/G ratio of 1.27 and a beta of 1.14. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The firm has a 50-day moving average of $350.90 and a 200-day moving average of $349.62. American Express Company has a 52-week low of $220.43 and a 52-week high of $387.49.

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

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio is 24.69%.

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.