Solidarity Wealth LLC Sells 7,748 Shares of American Express Company $AXP

Solidarity Wealth LLC lowered its stake in shares of American Express Company (NYSE:AXP) by 82.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,627 shares of the payment services company’s stock after selling 7,748 shares during the quarter. Solidarity Wealth LLC’s holdings in American Express were worth $540,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. raised its position in American Express by 1.0% during the third 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 in the last quarter. Sandy Cove Advisors LLC boosted its holdings in shares of American Express by 2.1% in the 3rd quarter. Sandy Cove Advisors LLC now owns 1,462 shares of the payment services company’s stock worth $485,000 after purchasing an additional 30 shares in the last quarter. Bath Savings Trust Co increased its position in shares of American Express by 1.1% during the 3rd quarter. Bath Savings Trust Co now owns 2,922 shares of the payment services company’s stock valued at $971,000 after purchasing an additional 31 shares during the last quarter. Jamison Private Wealth Management Inc. raised its holdings in shares of American Express by 0.7% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 4,220 shares of the payment services company’s stock valued at $1,402,000 after buying an additional 31 shares in the last quarter. Finally, Berger Financial Group Inc raised its holdings in shares of American Express by 1.4% during the 3rd quarter. Berger Financial Group Inc now owns 2,232 shares of the payment services company’s stock valued at $741,000 after buying an additional 31 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Insider Buying and Selling at American Express

In related news, insider Denise Pickett sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the completion of the transaction, the insider owned 7,726 shares in the company, valued at $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas Tabish sold 2,515 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the sale, the insider directly owned 2,515 shares of the company’s stock, valued at $894,359.15. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,515 shares of company stock valued at $20,658,509 in the last 90 days. Insiders own 0.20% of the company’s stock.

American Express Trading Down 1.9%

NYSE:AXP opened at $375.79 on Friday. The firm has a market capitalization of $258.86 billion, a P/E ratio of 25.22, a P/E/G ratio of 1.57 and a beta of 1.15. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company has a fifty day moving average of $369.05 and a 200 day moving average of $339.67. 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 data on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.56 by ($15.41). The firm had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a net margin of 14.97% and a return on equity of 33.41%. On average, research analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s payout ratio is currently 22.01%.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express confirmed management will participate in the UBS Financial Services Conference on Feb. 10 — gives investors direct access to management for questions on margins, lending trends and guidance. American Express to Participate in UBS Financial Services Conference
• Positive Sentiment: TD Cowen raised its price target to $375 (maintaining a Hold), a modest vote of confidence that suggests limited near-term downside from their view. Benzinga
• Positive Sentiment: Analysis pieces highlight product momentum and strength with younger premium cardholders, which supports the longer-term card-spend and customer-retention bull case for AXP. Does AXP’s Younger Premium Cardholders and Product Momentum Change The Bull Case For American Express?
• Neutral Sentiment: Coverage and analyst views remain mixed — some outlets list American Express among names with divergent analyst opinions, reflecting varied views on growth vs. credit/lending risks. Analysts’ Opinions Are Mixed on These Financial Stocks
• Neutral Sentiment: Benzinga and other aggregator pieces compile multiple analyst viewpoints (9 experts) — useful for context but not a single clear catalyst. The Analyst Verdict: American Express In The Eyes Of 9 Experts
• Neutral Sentiment: Broader market narratives (e.g., lists of largest stable holdings after Berkshire’s leadership change) may affect investor appetite for big-cap financials, but impacts on AXP are indirect and uncertain. 74% of the $317B Portfolio … 8 Unstoppable Stocks
• Negative Sentiment: President Trump called for a one-year 10% cap on credit-card interest rates starting Jan. 20 — he provided no implementation details, but the proposal elevates regulatory and political risk for card issuers and is cited by the market as a key reason for selling in AXP today. Trump calls for a one-year 10% cap on credit card interest in a Truth Social post Trump calls one year cap on credit card interest rates at 10%

Analyst Upgrades and Downgrades

AXP has been the subject of several research reports. Truist Financial upped their target price on American Express from $395.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Barclays boosted their price objective on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $420.00 target price on shares of American Express in a research report on Tuesday. Finally, DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a research note on Tuesday, October 21st. Nine analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Express presently has a consensus rating of “Hold” and an average target price of $343.95.

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.