American Express Company $AXP Stock: First Command Advisory Services Inc. Lowers Position

First Command Advisory Services Inc. reduced its holdings in American Express Company (NYSE:AXP) by 76.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,116 shares of the payment services company’s stock after selling 3,556 shares during the period. First Command Advisory Services Inc.’s holdings in American Express were worth $339,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of American Express during the 2nd quarter valued at approximately $14,208,662,000. State Street Corp grew its stake in American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares during the period. Bank of America Corp DE increased its holdings in American Express by 8.4% in the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after acquiring an additional 614,981 shares in the last quarter. Corient Private Wealth LP purchased a new stake in American Express in the 2nd quarter worth $253,945,000. Finally, Bank of New York Mellon Corp purchased a new stake in American Express in the 2nd quarter worth $1,263,787,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American Express news, insider Laureen Seeger sold 69,860 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the sale, the insider directly owned 9,002 shares of the company’s stock, valued at $2,954,186.34. This trade represents a 88.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Stephen J. Squeri sold 299,401 shares of American Express stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total value of $99,449,036.16. Following the transaction, the chief executive officer owned 60,567 shares in the company, valued at approximately $20,117,934.72. This represents a 83.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 414,171 shares of company stock worth $137,069,544. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. TD Cowen decreased their price objective on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. UBS Group lifted their target price on shares of American Express from $345.00 to $346.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Royal Bank Of Canada cut their target price on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. JPMorgan Chase & Co. upped their price target on shares of American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $330.00 price target 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 issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.42.

American Express Stock Down 1.4%

AXP stock opened at $318.50 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a 50-day moving average of $315.64 and a two-hundred day moving average of $324.84. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a market cap of $213.57 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.36 and a beta of 1.09.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. The business had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, analysts forecast that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 9th were given a dividend of $0.95 per share. The ex-dividend date was Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is presently 21.40%.

American Express Company Profile

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.