Employees Retirement System of Texas Has $65.24 Million Holdings in American Express Company $AXP

Employees Retirement System of Texas lessened its stake in shares of American Express Company (NYSE:AXP) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 196,400 shares of the payment services company’s stock after selling 1,800 shares during the quarter. Employees Retirement System of Texas’ holdings in American Express were worth $65,236,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AXP. Vanguard Group Inc. lifted its holdings in American Express by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after purchasing an additional 581,369 shares during the last quarter. Fisher Asset Management LLC grew its holdings in American Express by 1.7% during the third quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock valued at $2,950,095,000 after purchasing an additional 146,586 shares during the last quarter. Norges Bank bought a new position in shares of American Express in the second quarter valued at approximately $1,897,335,000. Capital World Investors raised its position in shares of American Express by 0.5% in the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after purchasing an additional 24,297 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of American Express by 3.0% in the second quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after buying an additional 133,439 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent analyst reports. Credit Suisse Group set a $328.00 price objective on shares of American Express in a report on Monday, January 12th. The Goldman Sachs Group reissued a “buy” rating and set a $420.00 target price on shares of American Express in a research report on Tuesday, January 6th. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Truist Financial lowered their price target on American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $395.00 price objective on American Express in a research report on Tuesday, January 20th. Nine 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $352.73.

Insider Transactions at American Express

In related news, insider Denise Pickett sold 23,385 shares of the company’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 completion of the transaction, the insider directly owned 7,754 shares in the company, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider directly owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 73,944 shares of company stock valued at $26,114,366. 0.20% of the stock is currently owned by insiders.

American Express Price Performance

NYSE:AXP opened at $301.69 on Friday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. American Express Company has a one year low of $220.43 and a one year high of $387.49. The company has a fifty day moving average price of $345.46 and a 200 day moving average price of $348.85. The stock has a market cap of $207.14 billion, a P/E ratio of 19.60, a PEG ratio of 1.30 and a beta of 1.14.

American Express (NYSE:AXP) last posted its quarterly 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). American Express had a return on equity of 33.49% and a net margin of 15.00%.The company had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. During the same quarter in the prior year, the business earned $3.04 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors 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 yield of 1.3%. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is 21.31%.

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.