Laurel Wealth Advisors LLC reduced its position in shares of American Express Company (NYSE:AXP) by 99.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,467 shares of the payment services company’s stock after selling 1,736,542 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in American Express were worth $1,816,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Valley Wealth Managers Inc. lifted its stake in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after acquiring an additional 46 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of American Express in the 3rd quarter valued at about $27,000. Access Investment Management LLC purchased a new stake in shares of American Express in the second quarter worth approximately $26,000. Guerra Advisors Inc acquired a new stake in shares of American Express during the third quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC grew its position in 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 valued at $29,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
American Express Trading Down 8.2%
Shares of NYSE:AXP opened at $307.93 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The stock’s 50-day moving average is $358.41 and its 200-day moving average is $349.62. The company has a market cap of $211.43 billion, a P/E ratio of 20.01, a P/E/G ratio of 1.31 and a beta of 1.15. American Express Company has a 52-week low of $220.43 and a 52-week high of $387.49.
American Express Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd were paid a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio is currently 21.31%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on AXP shares. Royal Bank Of Canada reissued an “outperform” rating and set a $425.00 target price on shares of American Express in a research note on Monday, January 12th. Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Wells Fargo & Company boosted their target price on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Evercore set a $393.00 target price on American Express in a research report on Tuesday, February 10th. Finally, TD Cowen reiterated a “hold” rating on shares of American Express in a report on Thursday, January 8th. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $352.73.
View Our Latest Research Report on AXP
Insider Buying and Selling at American Express
In other American Express news, insider Anna Marrs sold 27,425 shares of the stock in a transaction on 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 transaction, the insider directly owned 20,394 shares in the company, valued at $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction dated 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 transaction, the insider directly owned 8,945 shares of the company’s stock, valued at $3,189,608.10. This represents a 62.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,944 shares of company stock valued at $26,114,366 over the last quarter. 0.20% of the stock is currently owned by insiders.
Key Headlines Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Large corporate real-estate move could be seen as a long-term vote of confidence in the business and NYC hub status; American Express will relocate its global HQ to 2 World Trade Center, a project that supports the firm’s long-term footprint and corporate visibility. American Express to move into new headquarters in final World Trade Center building
- Neutral Sentiment: Earlier session headlines and analyst coverage noted a rebound in AXP tied to macro / AI commentary (Nvidia CEO remarks) and mentions in listicles, but these items appear to have had only temporary upside ahead of today’s sell-off. Why the Market Dipped But American Express (AXP) Gained Today
- Negative Sentiment: Headline focus on AI-driven workforce cuts prompted fresh investor concern and selling pressure, cited in market commentary as a near-term catalyst for the drop. Is It Time to Sell American Express Stock?
- Negative Sentiment: Unusual options activity: buyers bought ~21,709 put contracts (≈31% above average), indicating elevated short-term bearish bets and hedging demand that can amplify downside. (No direct article link provided.)
- Negative Sentiment: Short interest rose ~20% in February to ~8.6M shares, increasing the proportion of shares sold short and adding downward pressure risk if sentiment worsens. (Data summary provided in market feeds.)
- Negative Sentiment: Opinion / analysis pieces are flagging AXP’s YTD pullback (roughly mid-February-to-date slump and discussion of whether the fall is a buying opportunity or structural warning), which can drive momentum-based selling. American Express Has Slumped: Is It a Bargain or a Red Flag?
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.
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