American Express Company $AXP Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in American Express Company (NYSE:AXP) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,972,534 shares of the payment services company’s stock after selling 1,920,427 shares during the quarter. American Express comprises about 0.8% of Wellington Management Group LLP’s investment portfolio, making the stock its 16th biggest position. Wellington Management Group LLP owned 1.88% of American Express worth $4,308,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of AXP. Valley Wealth Managers Inc. raised its holdings in shares of American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after buying an additional 46 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of American Express during the third quarter valued at approximately $27,000. Guerra Advisors Inc acquired a new position in shares of American Express during the third quarter worth $28,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 59 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in American Express during the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AXP. Barclays upped their price objective on shares of American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 6th. UBS Group restated a “neutral” rating and set a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. Evercore set a $393.00 target price on American Express in a research report on Tuesday, February 10th. Morgan Stanley set a $395.00 price target on shares of American Express in a research report on Tuesday, January 20th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $420.00 price target on shares of American Express in a research note on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $356.90.

American Express Stock Performance

Shares of AXP opened at $300.16 on Friday. The business’s fifty day moving average price is $344.01 and its 200 day moving average price is $348.74. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The stock has a market capitalization of $206.09 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. 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 (NYSE:AXP) last released its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.01). The business had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.3%. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is currently 21.31%.

Insider Buying and Selling at American Express

In other news, insider Denise Pickett sold 23,385 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of the business’s 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 transaction, the insider owned 9,433 shares of the company’s stock, valued at $3,270,704.09. This represents a 46.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock worth $26,114,366 in the last ninety days. 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.