Insight Advisors LLC PA Sells 2,507 Shares of American Express Company $AXP

Insight Advisors LLC PA trimmed its holdings in American Express Company (NYSE:AXP) by 44.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,083 shares of the payment services company’s stock after selling 2,507 shares during the quarter. Insight Advisors LLC PA’s holdings in American Express were worth $933,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Evolution Wealth Management Inc. raised its position in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new stake in American Express in the fourth quarter worth about $26,000. Sfam LLC bought a new stake in American Express during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of American Express in the 3rd quarter valued at about $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Key American Express News

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

American Express Price Performance

AXP opened at $351.01 on Wednesday. The stock has a market cap of $239.50 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.42 and a beta of 1.04. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a fifty day simple moving average of $330.91 and a 200 day simple moving average of $330.74.

American Express (NYSE:AXPGet Free Report) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period in the previous year, the company posted $3.64 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is 23.71%.

Analyst Upgrades and Downgrades

AXP has been the topic of several analyst reports. Loop Capital began coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective on the stock. TD Cowen raised their price target on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. The Goldman Sachs Group upped their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Thursday, June 18th. Finally, BTIG Research raised their target price on American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $374.11.

Read Our Latest Analysis on AXP

American Express Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXPFree Report).

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

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.