RWA Wealth Partners LLC Has $28.36 Million Stock Position in American Express Company $AXP

RWA Wealth Partners LLC increased its holdings in shares of American Express Company (NYSE:AXP) by 222.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 85,371 shares of the payment services company’s stock after purchasing an additional 58,873 shares during the period. RWA Wealth Partners LLC’s holdings in American Express were worth $28,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Valley Wealth Managers Inc. boosted its stake in shares of American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. Access Investment Management LLC acquired a new position in American Express during the 2nd quarter worth approximately $26,000. Manning & Napier Advisors LLC bought a new position in American Express in the 3rd quarter valued at approximately $27,000. Guerra Advisors Inc acquired a new stake in American Express in the third quarter valued at approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC grew its stake in shares of American Express by 210.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after buying an additional 59 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $320.17 on Wednesday. The stock has a market capitalization of $219.83 billion, a PE ratio of 20.80, a PEG ratio of 1.36 and a beta of 1.14. The business’s 50 day simple moving average is $361.55 and its 200 day simple moving average is $349.17. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. American Express Company has a one year low of $220.43 and a one year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results 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 firm had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the previous year, the business posted $3.04 EPS. The firm’s revenue for the quarter 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. As a group, research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express’s payout ratio is presently 21.31%.

Insider Activity

In other American Express news, insider Anna Marrs sold 27,425 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the sale, the insider directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the transaction, the insider directly owned 8,945 shares in the company, valued at $3,189,608.10. This represents a 62.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 73,944 shares of company stock worth $26,114,366. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Morgan Stanley set a $395.00 price target on American Express in a research note on Tuesday, January 20th. BTIG Research reaffirmed a “sell” rating and issued a $328.00 price objective on shares of American Express in a research note on Monday, February 2nd. UBS Group reiterated a “neutral” rating and issued a $395.00 price objective on shares of American Express in a report on Wednesday, February 4th. Finally, Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus target price of $352.73.

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.