L2 Asset Management LLC Sells 4,194 Shares of American Express Company $AXP

L2 Asset Management LLC lessened its stake in shares of American Express Company (NYSE:AXP) by 33.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,512 shares of the payment services company’s stock after selling 4,194 shares during the quarter. L2 Asset Management LLC’s holdings in American Express were worth $2,827,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Valley Wealth Managers Inc. increased its holdings in shares of American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the period. Manning & Napier Advisors LLC bought a new stake in American Express during the third quarter valued at $27,000. Guerra Advisors Inc bought a new stake in American Express during the third quarter valued at $28,000. Halbert Hargrove Global Advisors LLC grew 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 buying an additional 59 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC bought a new position in American Express in the 3rd quarter worth about $34,000. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on AXP shares. 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 report on Monday, February 2nd. Morgan Stanley set a $395.00 price objective on shares of American Express in a research report on Tuesday, January 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of American Express in a research note on Monday. UBS Group reiterated a “neutral” rating and set a $395.00 target price on shares of American Express in a research report on Wednesday, February 4th. Finally, Barclays boosted their price target on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. 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 stock. According to MarketBeat, American Express has an average rating of “Hold” and a consensus price target of $354.86.

Trending Headlines about American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Company expanding cardmember benefits and partnerships in key markets (NY/NJ, Atlanta), supporting engagement and card spend trends which underpin revenue growth. American Express Expands Card Member Benefits
• Positive Sentiment: Longer-term demand signals: coverage pieces note younger consumer sign-ups and management’s mid-teens EPS growth target, reinforcing the company’s franchise strength and customer-acquisition pipeline. Is American Express Stock a Millionaire Maker?
• Neutral Sentiment: Valuation debate continues — AXP trades above industry multiples but below its own five‑year median; analysts differ on whether the premium is justified by durable spending and earnings growth. Is American Express a Buy Now Despite its Premium Valuation?
• Neutral Sentiment: Deeper valuation analysis: Zacks highlights AXP’s forward P/E well above peers but near its historical median, keeping the narrative mixed for value-focused investors. Zacks Valuation Analysis
• Neutral Sentiment: Credit metrics update: American Express reported largely stable credit metrics with some modest declines, suggesting asset-quality remains manageable but monitoring is warranted. TipRanks Credit Metrics Update
• Negative Sentiment: Unusually large put activity: traders bought ~43,272 put options today (≈+140% vs. average), signaling heightened bearish hedging/speculation that can amplify near-term downside.
• Negative Sentiment: Analyst cut: BTIG lowered its price target to $285 and moved to a “sell” rating, adding downward pressure by creating renewed sell-side skepticism. BTIG Price Target Cut (Benzinga)
• Negative Sentiment: Competitive threat: Robinhood’s planned platinum credit card rollout raises competitive concerns around customer acquisition and fee/rewards dynamics, which may worry investors focused on share gains and margin pressure. Robinhood Card Competitive Threat

American Express Price Performance

AXP opened at $298.05 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. The stock has a market capitalization of $204.64 billion, a P/E ratio of 19.37, a PEG ratio of 1.27 and a beta of 1.15. The stock has a 50-day moving average price of $342.37 and a 200-day moving average price of $348.92. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49.

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

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders 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 dividend 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 payout ratio is 21.31%.

Insider Buying and Selling at American Express

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the transaction, the insider owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anna Marrs sold 27,425 shares of American Express stock in a transaction 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 completion of the transaction, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. The trade was a 57.35% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 73,944 shares of company stock valued at $26,114,366. 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.