Fort Point Capital Partners LLC Has $2.03 Million Holdings in American Express Company $AXP

Fort Point Capital Partners LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 61.3% during the third quarter, Holdings Channel.com reports. The fund owned 6,122 shares of the payment services company’s stock after selling 9,706 shares during the quarter. Fort Point Capital Partners LLC’s holdings in American Express were worth $2,033,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of American Express by 1.3% during 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 in the last quarter. Fisher Asset Management LLC raised its position in shares of American Express by 1.7% in 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 buying an additional 146,586 shares in the last quarter. Norges Bank acquired a new stake in shares of American Express in the second quarter valued at approximately $1,897,335,000. Capital World Investors boosted its stake 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 buying an additional 24,297 shares during the period. Finally, Artisan Partners Limited Partnership boosted 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 valued at $1,473,966,000 after buying an additional 133,439 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, insider Denise Pickett sold 23,385 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the sale, the insider owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of the company’s stock in a transaction on 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 owned 9,433 shares of the company’s stock, valued at $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 73,944 shares of company stock worth $26,114,366. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Evercore set a $393.00 price objective on American Express in a research note on Tuesday, February 10th. Wolfe Research assumed coverage on American Express in a research report on Monday, December 8th. They set a “peer perform” rating for the company. TD Cowen reissued a “hold” rating on shares of American Express in a report on Thursday, January 8th. The Goldman Sachs Group restated a “buy” rating and issued a $420.00 price target on shares of American Express in a research report on Tuesday, January 6th. Finally, Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Express currently has a consensus rating of “Hold” and a consensus price target of $356.90.

American Express Stock Down 0.6%

Shares of NYSE AXP opened at $300.16 on Monday. The company has a market cap of $206.09 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.27 and a beta of 1.15. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The stock has a 50-day moving average price of $344.01 and a two-hundred day moving average price of $349.12.

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

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be given a $0.95 dividend. This is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is 21.31%.

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.