24,570 American Express Company $AXP Shares Sold by M&G PLC

M&G PLC lessened its holdings in American Express Company (NYSE:AXP) by 6.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 336,703 shares of the payment services company’s stock after selling 24,570 shares during the period. M&G PLC’s holdings in American Express were worth $102,358,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AXP. AlphaCore Capital LLC boosted its stake in American Express by 228.7% in the 3rd quarter. AlphaCore Capital LLC now owns 23,172 shares of the payment services company’s stock worth $7,047,000 after purchasing an additional 16,122 shares during the period. Fulcrum Asset Management LLP raised its position in shares of American Express by 5.5% during the third quarter. Fulcrum Asset Management LLP now owns 19,638 shares of the payment services company’s stock valued at $5,997,000 after buying an additional 1,031 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of American Express by 2.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 101,068 shares of the payment services company’s stock valued at $30,532,000 after buying an additional 2,137 shares during the last quarter. Griffith & Werner Inc. raised its position in shares of American Express by 19.0% during the third quarter. Griffith & Werner Inc. now owns 10,895 shares of the payment services company’s stock valued at $3,313,000 after buying an additional 1,738 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC lifted its holdings in shares of American Express by 19.5% in the third quarter. Beverly Hills Private Wealth LLC now owns 4,176 shares of the payment services company’s stock worth $1,270,000 after buying an additional 681 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of a number of research reports. Truist Financial dropped their target price on shares of American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, September 23rd. UBS Group boosted their price target on shares of American Express from $345.00 to $346.00 and gave the stock a “neutral” rating in a research note on Monday, November 2nd. HSBC increased their price objective on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Morgan Stanley cut their price objective on American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Finally, President Capital lifted their target price on American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Express has an average rating of “Moderate Buy” and a consensus target price of $365.22.

American Express Stock Up 1.0%

NYSE AXP opened at $324.35 on Tuesday. The stock has a 50 day moving average price of $316.03 and a 200-day moving average price of $325.48. American Express Company has a one year low of $290.97 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $217.49 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.40 and a beta of 1.09.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. American Express’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.98 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s dividend payout ratio (DPR) is presently 21.40%.

Key Headlines Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express and Fanatics introduced a co-branded credit card and added Fanatics FanCash as a Membership Rewards transfer option. The partnership could broaden AmEx’s appeal among sports fans and create another way to engage cardmembers, though the reports did not quantify the potential financial contribution. AmEx Takes Page From Trading Cards With Fanatics Deal
• Positive Sentiment: A Zacks article highlighted American Express as a long-term stock pick, supporting a favorable investment view, although it did not report a new company development. Why American Express Is a Top Stock for the Long-Term
• Neutral Sentiment: A report said American Express shares gained but lagged the broader market, indicating the stock’s session performance was weaker than the market overall. American Express Stock Rises Monday, Still Underperforms Market
• Negative Sentiment: Commentary noted that premium-card fee growth is strong, but rising rewards, benefits and marketing expenses may make it harder to convert that growth into higher profits. Can American Express Turn Premium Card Growth Into Higher Profits?

Insider Transactions at American Express

In related news, CEO Stephen J. Squeri sold 299,401 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $332.16, for a total value of $99,449,036.16. Following the completion of the transaction, the chief executive officer owned 60,567 shares of the company’s stock, valued at approximately $20,117,934.72. This trade represents a 83.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of American Express stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the transaction, the insider owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. This represents a 88.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 414,171 shares of company stock worth $137,069,544 in the last three months. Insiders own 0.14% of the company’s stock.

American Express Profile

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions.

Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.

Stephen J.