Harold Davidson & Associates Inc. Acquires 2,675 Shares of American Express Company $AXP

Harold Davidson & Associates Inc. lifted its holdings in shares of American Express Company (NYSE:AXP) by 58.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,219 shares of the payment services company’s stock after purchasing an additional 2,675 shares during the quarter. American Express makes up about 1.1% of Harold Davidson & Associates Inc.’s holdings, making the stock its 22nd biggest position. Harold Davidson & Associates Inc.’s holdings in American Express were worth $2,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. ZEGA Investments LLC bought a new position in shares of American Express in the third quarter valued at approximately $1,080,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in American Express by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock valued at $531,038,000 after purchasing an additional 4,080 shares in the last quarter. Elite Wealth Management Inc. bought a new position in American Express in the 3rd quarter valued at $2,763,000. Reliant Investment Management LLC raised its position in American Express by 1.9% in the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company’s stock valued at $8,354,000 after purchasing an additional 480 shares during the last quarter. Finally, New York Life Investment Management LLC boosted its stake in American Express by 0.9% in the second quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company’s stock worth $26,438,000 after purchasing an additional 764 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AXP shares. Evercore set a $393.00 price target on American Express in a report on Tuesday, February 10th. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Wells Fargo & Company raised their price target on shares of American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Truist Financial reduced their price objective on American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, Credit Suisse Group set a $328.00 target price on American Express in a research note on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $352.73.

American Express Stock Up 0.5%

Shares of American Express stock opened at $346.34 on Thursday. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The business has a fifty day simple moving average of $365.59 and a 200 day simple moving average of $347.80. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The stock has a market cap of $237.80 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.American Express’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s payout ratio is 21.31%.

Insider Activity

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $356.58, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the sale, the insider directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,944 shares of company stock worth $26,114,366 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

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.