Beck Mack & Oliver LLC Reduces Stock Holdings in American Express Company $AXP

Beck Mack & Oliver LLC trimmed its position in shares of American Express Company (NYSE:AXP) by 0.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 401,045 shares of the payment services company’s stock after selling 2,405 shares during the quarter. American Express comprises 2.4% of Beck Mack & Oliver LLC’s holdings, making the stock its 15th biggest holding. Beck Mack & Oliver LLC’s holdings in American Express were worth $133,211,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Valley Wealth Managers Inc. lifted its position 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 last quarter. Manning & Napier Advisors LLC bought a new stake in American Express in the 3rd quarter valued at about $27,000. Guerra Advisors Inc purchased a new stake in American Express during the third quarter valued at about $28,000. Halbert Hargrove Global Advisors LLC boosted its position in American Express by 210.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after purchasing an additional 59 shares during the period. Finally, Grey Fox Wealth Advisors LLC bought a new position in American Express during the third quarter worth about $34,000. 84.33% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Express

In other news, insider Howard Grosfield sold 8,134 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the transaction, the insider directly owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of American Express stock in a transaction dated 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 owned 7,754 shares in the company, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,944 shares of company stock worth $26,114,366 in the last quarter. 0.20% of the stock is currently owned by company insiders.

American Express Trading Down 0.6%

NYSE AXP opened at $300.16 on Friday. 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’s 50-day simple moving average is $344.01 and its two-hundred day simple moving average is $348.94. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The company has a market capitalization of $206.09 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.27 and a beta of 1.14.

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

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be paid a $0.95 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. American Express’s dividend payout ratio is currently 24.69%.

Analysts Set New Price Targets

AXP has been the subject of several analyst reports. Wolfe Research initiated coverage on shares of American Express in a report on Monday, December 8th. They issued a “peer perform” rating for the company. The Goldman Sachs Group restated 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 raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Morgan Stanley set a $395.00 price target on American Express in a research report on Tuesday, January 20th. Finally, Barclays increased their price objective on American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $356.90.

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.