American Express Company $AXP Stock Position Trimmed by ProShare Advisors LLC

ProShare Advisors LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 10.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,208 shares of the payment services company’s stock after selling 23,362 shares during the period. ProShare Advisors LLC’s holdings in American Express were worth $69,158,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Linden Thomas Advisory Services LLC lifted its position in American Express by 8.6% in the third quarter. Linden Thomas Advisory Services LLC now owns 3,797 shares of the payment services company’s stock worth $1,261,000 after purchasing an additional 300 shares during the period. REAP Financial Group LLC raised its stake in shares of American Express by 7.1% in the 3rd quarter. REAP Financial Group LLC now owns 501 shares of the payment services company’s stock worth $166,000 after buying an additional 33 shares in the last quarter. Legacy Financial Strategies LLC lifted its holdings in shares of American Express by 1.8% in the third quarter. Legacy Financial Strategies LLC now owns 1,790 shares of the payment services company’s stock valued at $595,000 after buying an additional 32 shares during the period. Atlanta Consulting Group Advisors LLC boosted its stake in American Express by 1.2% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 3,357 shares of the payment services company’s stock valued at $1,115,000 after buying an additional 39 shares in the last quarter. Finally, SPC Financial Inc. grew its holdings in American Express by 1.1% during the third quarter. SPC Financial Inc. now owns 2,866 shares of the payment services company’s stock worth $952,000 after acquiring an additional 32 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Trading Up 0.2%

NYSE AXP opened at $359.70 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.66 and a debt-to-equity ratio of 1.68. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49. The firm’s fifty day simple moving average is $368.51 and its 200-day simple moving average is $346.04. The company has a market capitalization of $247.78 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 1.52 and a beta of 1.14.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The firm had revenue of ($17,139.00) million during 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 company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s dividend payout ratio (DPR) is 21.31%.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent research reports. TD Cowen reaffirmed a “hold” rating on shares of American Express in a research note on Thursday, January 8th. BTIG Research restated a “sell” rating and issued a $328.00 price target on shares of American Express in a research report on Monday, February 2nd. UBS Group reiterated a “neutral” rating and set a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. Wells Fargo & Company raised their price objective on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Finally, Credit Suisse Group set a $328.00 target price on American Express in a research report on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $353.05.

Insider Activity at American Express

In related news, insider Anna Marrs sold 27,425 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the sale, the insider owned 7,754 shares of the company’s stock, valued at $2,767,480.14. This represents a 75.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.20% of the company’s stock.

American Express Company Profile

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.