Chevy Chase Trust Holdings LLC Sells 14,562 Shares of American Express Company $AXP

Chevy Chase Trust Holdings LLC reduced its stake in American Express Company (NYSE:AXP) by 3.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 356,891 shares of the payment services company’s stock after selling 14,562 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in American Express were worth $118,545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gratus Wealth Advisors LLC boosted its position in American Express by 0.8% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after acquiring an additional 28 shares in the last quarter. Murphy & Mullick Capital Management Corp raised its position in shares of American Express by 10.0% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after acquiring an additional 28 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its stake in shares of American Express by 1.0% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock valued at $967,000 after purchasing an additional 29 shares during the period. Walkner Condon Financial Advisors LLC lifted its stake in shares of American Express by 2.1% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock valued at $458,000 after purchasing an additional 29 shares during the period. Finally, Invenio Wealth Partners LLC boosted its position in shares of American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AXP shares. BTIG Research reaffirmed a “sell” rating and issued a $328.00 price target on shares of American Express in a research note on Monday, February 2nd. UBS Group reissued a “neutral” rating and set a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. TD Cowen restated a “hold” rating on shares of American Express in a report on Thursday, January 8th. Wells Fargo & Company increased their price target on shares of 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 price target on shares of American Express in a research report on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $356.90.

Insider Activity

In related news, insider Howard Grosfield sold 8,134 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the sale, the insider directly owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of American Express stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the completion of the transaction, the insider directly owned 7,754 shares of the company’s stock, valued at $2,767,480.14. This trade represents a 75.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 73,944 shares of company stock valued at $26,114,366. Company insiders own 0.20% of the company’s stock.

American Express Stock Down 0.6%

AXP stock opened at $300.16 on Friday. The business has a 50 day moving average of $344.01 and a 200 day moving average of $348.94. The firm has a market cap of $206.09 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last released its earnings results on Friday, January 30th. The payment services company reported $3.53 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 company had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same period last year, the firm 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, research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is presently 24.69%.

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.