American Express Company $AXP Shares Sold by Waverton Investment Management Ltd

Waverton Investment Management Ltd decreased its holdings in American Express Company (NYSE:AXP) by 92.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,465 shares of the payment services company’s stock after selling 714,302 shares during the quarter. Waverton Investment Management Ltd’s holdings in American Express were worth $19,422,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its stake in shares of American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after acquiring an additional 1,273 shares during the period. Sivia Capital Partners LLC increased its position in shares of American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of American Express in the 2nd quarter worth $428,000. Hantz Financial Services Inc. lifted its holdings in shares of American Express by 133.2% in the second quarter. Hantz Financial Services Inc. now owns 977 shares of the payment services company’s stock valued at $312,000 after buying an additional 558 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in American Express by 7.3% during the second quarter. Plato Investment Management Ltd now owns 21,816 shares of the payment services company’s stock valued at $6,933,000 after buying an additional 1,475 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Down 8.2%

NYSE AXP opened at $307.93 on Monday. The firm’s 50 day moving average price is $358.41 and its two-hundred day moving average price is $349.62. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The stock has a market cap of $211.43 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.31 and a beta of 1.15.

American Express (NYSE:AXP) last issued 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 business had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. During the same period last year, the business earned $3.04 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, January 2nd. American Express’s payout ratio is 21.31%.

Insiders Place Their Bets

In other news, insider Howard Grosfield sold 8,134 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the sale, the insider directly owned 9,433 shares of the company’s stock, valued at $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the sale, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock worth $26,114,366 over the last quarter. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AXP shares. Credit Suisse Group set a $328.00 price target on shares of American Express in a research report on Monday, January 12th. Truist Financial lowered their price objective on shares of American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $425.00 target price on shares of American Express in a research note on Monday, January 12th. UBS Group restated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $352.73.

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.