American Express (NYSE:AXP) Insider Sells 44,910 Shares of Company Stock

American Express Company (NYSE:AXP) insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The stock was 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 owned 20,509 shares in the company, valued at $6,710,544.80. This represents a 68.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Express Stock Performance

NYSE:AXP traded down $2.77 during trading hours on Tuesday, reaching $325.21. The company had a trading volume of 2,348,047 shares, compared to its average volume of 3,224,032. The firm has a market cap of $218.07 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.35 and a beta of 1.08. The company has a current ratio of 1.58, a quick ratio of 1.54 and a debt-to-equity ratio of 1.64. The firm’s 50 day moving average price is $317.02 and its 200-day moving average price is $326.29. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion during 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%. American Express’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, analysts forecast that American Express Company will post 17.88 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently 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, October 26th. The Goldman Sachs Group increased their price target on shares of American Express from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Truist Financial dropped their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. BTIG Research cut their price objective on shares of American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research report on Monday, September 7th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $330.00 price objective on shares of American Express in a research note on Friday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.22.

Hedge Funds Weigh In On American Express

Several large investors have recently added to or reduced their stakes in AXP. Archer Investment Corp bought a new position in American Express in the 2nd quarter worth $25,000. Elevation Wealth Partners LLC raised its holdings in American Express by 78.8% during the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after acquiring an additional 41 shares during the period. John Boyer Inc. purchased a new position in shares of American Express in the third quarter valued at about $29,000. Frazier Financial Advisors LLC lifted its position in shares of American Express by 66.7% in the first quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after acquiring an additional 40 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its stake in shares of American Express by 2,550.0% in the first quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock worth $32,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.