Danske Bank A S bought a new stake in American Express Company (NYSE:AXP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 461,500 shares of the payment services company’s stock, valued at approximately $153,292,000.
Other hedge funds have also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its position 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 valued at $25,000 after buying an additional 46 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in American Express during the 3rd quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express in the 3rd quarter worth $28,000. Guerra Advisors Inc acquired a new stake in shares of American Express in the 3rd quarter worth $28,000. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in shares of American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 59 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at American Express
In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction on Monday, February 9th. The stock was sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the completion of the transaction, the insider directly owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Denise Pickett sold 23,385 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the sale, the insider owned 7,754 shares in the company, valued at approximately $2,767,480.14. The trade was a 75.10% 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 worth $26,114,366 over the last quarter. Insiders own 0.20% of the company’s stock.
American Express Stock Performance
American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings data 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). The company had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.
American Express Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend 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 payout ratio is 24.69%.
American Express News Summary
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Bank of America reiterated a Buy on AXP after February operating results, trimming its price objective slightly to $381 — the reiteration of a Buy from a major bank supports investor confidence. Bank of America Sees Stable Credit Trends in American Express (AXP) Update
- Positive Sentiment: Several bullish pieces argue AXP is an attractive “dip buy,” pointing to resilient consumer spending, steady earnings growth and the company’s premium franchise — these narratives can attract buy-the-dip flows. American Express Is An Attractive Dip Buy As Growth Continues
- Positive Sentiment: Company credit metrics were reported as broadly stable (only modest deterioration in some consumer/small-business cohorts), which reduces near-term credit concerns for investors focused on card receivables. American Express Reports Stable Credit Metrics Amid Modest Decline
- Neutral Sentiment: Valuation debate continues: Zacks notes AXP trades at a premium to peers but below its own five‑year median — important context for investors weighing multiple vs. growth outlooks. Is American Express a Buy Now Despite its Premium Valuation?
- Neutral Sentiment: Industry tech shifts: Visa’s tokenization and digital credentialing trends underscore ongoing payments innovation; this is a sector tailwind but requires execution from AXP to fully benefit. Visa’s Token Strategy: A Quiet Shift Powering Future Payments
- Negative Sentiment: Unusual options activity: traders bought ~43,272 put contracts in one day (≈140% above normal daily put volume), signaling short-term hedging or bearish speculation that can pressure sentiment.
- Negative Sentiment: BTIG cut its price target to $285 and placed a Sell rating — a visible sell-side downgrade that can trigger tactical selling by funds that follow such calls. BTIG Lowers Price Target on American Express
- Negative Sentiment: Competitive pressure: Robinhood’s forthcoming platinum credit card rollout is a potential threat to premium card market share and rewards-driven customer acquisition. Did Robinhood Just Say “Checkmate” to American Express?
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on AXP shares. JPMorgan Chase & Co. dropped their price target on shares of American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Credit Suisse Group set a $328.00 price objective on American Express in a report on Monday, January 12th. Wolfe Research assumed coverage on American Express in a research report on Monday, December 8th. They set a “peer perform” rating on the stock. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, Barclays raised their price target on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average target price of $354.86.
Check Out Our Latest Analysis on AXP
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.
See Also
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