2,007 Shares in American Express Company $AXP Acquired by TABR Capital Management LLC

TABR Capital Management LLC acquired a new stake in American Express Company (NYSE:AXPFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,007 shares of the payment services company’s stock, valued at approximately $743,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after buying an additional 200 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of American Express in the 2nd quarter worth about $428,000. Hillsdale Investment Management Inc. boosted its position in shares of American Express by 1.5% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 2,680 shares of the payment services company’s stock worth $855,000 after buying an additional 40 shares in the last quarter. Finally, AlphaCore Capital LLC grew its stake in American Express by 78.6% in the 2nd quarter. AlphaCore Capital LLC now owns 2,102 shares of the payment services company’s stock valued at $670,000 after acquiring an additional 925 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Key American Express News

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

American Express Stock Performance

Shares of NYSE AXP opened at $294.76 on Monday. The company has a 50-day simple moving average of $335.64 and a 200-day simple moving average of $347.98. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The company has a market cap of $202.38 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.15. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49.

American Express (NYSE:AXPGet Free Report) last announced its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The firm had revenue of ($17,139.00) million for 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%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.3%. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. American Express’s payout ratio is 21.31%.

Insiders Place Their Bets

In related news, insider Howard Grosfield sold 8,134 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the transaction, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the sale, the insider directly owned 8,945 shares in the company, valued at approximately $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last three months. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AXP. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Barclays lifted their price objective on American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Wolfe Research started coverage on American Express in a research note on Monday, December 8th. They issued a “peer perform” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, March 16th. Finally, BTIG Research cut their price target on American Express from $328.00 to $285.00 and set a “sell” rating for the company in a report on Monday, March 16th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus target price of $354.86.

View Our Latest Research Report on AXP

About American Express

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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