American Express Company $AXP Stock Sold by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. reduced its position in American Express Company (NYSE:AXP) by 90.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 94,679 shares of the payment services company’s stock after selling 875,160 shares during the period. Rakuten Investment Management Inc.’s holdings in American Express were worth $28,915,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Flputnam Investment Management Co. acquired a new position in shares of American Express in the 2nd quarter valued at about $12,879,000. State Street Corp raised its stake in American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in shares of American Express during the second quarter valued at about $5,172,000. Silicon Valley Capital Partners raised its stake in shares of American Express by 14.9% during the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock valued at $14,030,000 after purchasing an additional 5,365 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in American Express in the second quarter worth about $11,642,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Down 0.8%

AXP stock opened at $325.21 on Wednesday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The firm has a market cap of $218.07 billion, a PE ratio of 18.31, a P/E/G ratio of 1.39 and a beta of 1.09. The firm has a 50 day simple moving average of $316.78 and a 200 day simple moving average of $326.13. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.50 by $0.18. American Express had a return on equity of 34.19% and a net margin of 15.80%. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter in the prior year, the company earned $4.14 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s dividend payout ratio (DPR) is presently 21.40%.

Insider Activity at American Express

In other American Express news, insider Laureen Seeger sold 69,860 shares of American Express stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the transaction, the insider directly owned 9,002 shares in the company, valued at approximately $2,954,186.34. The trade was a 88.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total value of $14,694,552.00. Following the completion of the sale, the insider directly owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

American Express News Summary

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

• Positive Sentiment: American Express expanded its longstanding NBA and WNBA partnership globally, adding international fan experiences and cardmember benefits. The broader reach could strengthen customer engagement, though no financial impact was disclosed. Article: American Express, NBA and WNBA Expand Longstanding Partnership Globally
• Positive Sentiment: American Express completed its acquisition of TheFork, potentially bolstering its dining-related offerings and customer proposition. Article: American Express Completes Acquisition of TheFork
• Neutral Sentiment: UBS raised its AXP price target slightly, from $345 to $346, but maintained a neutral rating. UBS Group ratings
• Neutral Sentiment: Eligible cash-back cardholders can now deposit Reward Dollars into qualifying American Express bank accounts, adding redemption flexibility; the near-term financial effect is unclear. Article: Amex Adds a Reward Dollars Redemption Option
• Negative Sentiment: Two insiders reported substantial sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%; Laureen Seeger sold 69,860 shares, cutting her holdings by 88.59%. The transactions may weigh on sentiment, although insider sales alone do not establish a negative outlook. Anna Marrs SEC filing Laureen Seeger SEC filing

Analysts Set New Price Targets

A number of brokerages recently issued reports on AXP. JPMorgan Chase & Co. increased their target price on shares of American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, October 26th. HSBC upped their price target on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. BMO Capital Markets began coverage on shares of American Express in a research note on Thursday, October 8th. They set an “outperform” rating and a $380.00 price objective on the stock. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Finally, William Blair reissued an “outperform” rating on shares of American Express in a report on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $365.22.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.