American Express Company $AXP Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its stake in American Express Company (NYSE:AXP) by 11.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 155,000 shares of the payment services company’s stock after selling 21,000 shares during the quarter. American Express accounts for 0.5% of Alberta Investment Management Corp’s portfolio, making the stock its 16th largest position. Alberta Investment Management Corp’s holdings in American Express were worth $51,485,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CenterBook Partners LP grew its stake in shares of American Express by 12.0% in the third quarter. CenterBook Partners LP now owns 1,619 shares of the payment services company’s stock valued at $538,000 after buying an additional 173 shares in the last quarter. Syon Capital LLC grew its position in American Express by 15.1% in the 3rd quarter. Syon Capital LLC now owns 7,919 shares of the payment services company’s stock valued at $2,630,000 after acquiring an additional 1,037 shares in the last quarter. Advisors Capital Management LLC increased its stake in American Express by 4.4% during the third quarter. Advisors Capital Management LLC now owns 5,692 shares of the payment services company’s stock worth $1,891,000 after purchasing an additional 238 shares during the period. Hodges Capital Management Inc. lifted its position in shares of American Express by 1.2% during the third quarter. Hodges Capital Management Inc. now owns 15,856 shares of the payment services company’s stock worth $5,267,000 after purchasing an additional 192 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its stake in shares of American Express by 30.8% in the third quarter. Axxcess Wealth Management LLC now owns 6,793 shares of the payment services company’s stock valued at $2,256,000 after purchasing an additional 1,598 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Barclays upped 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. BTIG Research reiterated a “sell” rating and issued a $328.00 target price on shares of American Express in a report on Monday, February 2nd. Truist Financial lowered their target price on American Express from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $395.00 price target on American Express in a research report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $352.73.

Insider Activity at American Express

In related news, insider Anna Marrs sold 27,425 shares of the stock in a transaction on 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 transaction, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This trade represents a 57.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the completion of the sale, the insider directly owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,944 shares of company stock worth $26,114,366 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

American Express Stock Performance

NYSE:AXP opened at $346.34 on Thursday. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. 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 firm has a market capitalization of $237.80 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The business’s fifty day moving average price is $365.59 and its 200 day moving average price is $347.80.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The business had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. During the same period in the prior year, the company posted $3.04 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, January 2nd. American Express’s dividend payout ratio is currently 21.31%.

American Express 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.