Capital World Investors Purchases 24,297 Shares of American Express Company $AXP

Capital World Investors boosted its holdings in American Express Company (NYSE:AXP) by 0.5% in the third quarter, Holdings Channel reports. The institutional investor owned 5,122,335 shares of the payment services company’s stock after buying an additional 24,297 shares during the period. Capital World Investors’ holdings in American Express were worth $1,701,435,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Valley Wealth Managers Inc. grew its stake in shares of American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in American Express during the 3rd quarter worth $27,000. Guerra Advisors Inc acquired a new position in American Express during the 3rd quarter worth about $28,000. Halbert Hargrove Global Advisors LLC grew its position in shares of American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after buying an additional 59 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of American Express in the third quarter valued at about $34,000. 84.33% of the stock is owned by institutional investors.

Insider Activity at American Express

In related news, insider Anna Marrs sold 27,425 shares of American Express stock in a transaction that occurred 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 sale, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. The trade was a 57.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $5,348,700.00. Following the completion of the sale, the insider owned 8,945 shares in the company, valued at approximately $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 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.

American Express Price Performance

AXP stock opened at $305.56 on Tuesday. 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 business has a 50-day simple moving average of $349.51 and a two-hundred day simple moving average of $349.60. The company has a market capitalization of $209.80 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 1.27 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 (NYSE:AXP) last released its quarterly earnings results 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). American Express had a net margin of 15.00% and a return on equity of 33.49%. The company had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. During the same period in the previous year, the company posted $3.04 earnings per share. The company’s quarterly 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. Research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio is 21.31%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $425.00 target price on shares of American Express in a research report on Monday, January 12th. Morgan Stanley set a $395.00 price objective on American Express in a research report on Tuesday, January 20th. TD Cowen reiterated a “hold” rating on shares of American Express in a report on Thursday, January 8th. UBS Group reaffirmed a “neutral” rating and set a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. Finally, Truist Financial decreased their price target on shares of American Express from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $352.73.

About American Express

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.