Provenance Wealth Advisors LLC Buys 5,991 Shares of American Express Company $AXP

Provenance Wealth Advisors LLC grew its stake in shares of American Express Company (NYSE:AXP) by 194.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,076 shares of the payment services company’s stock after purchasing an additional 5,991 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in American Express were worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Flputnam Investment Management Co. purchased a new position in American Express during the 2nd quarter worth approximately $12,879,000. State Street Corp lifted its stake in American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of American Express in the second quarter valued at approximately $5,172,000. Silicon Valley Capital Partners boosted its holdings in shares of American Express by 14.9% in 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 acquiring an additional 5,365 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of American Express in the second quarter valued at approximately $11,642,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.8%

American Express stock opened at $325.21 on Wednesday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The stock has a 50 day moving average of $316.78 and a two-hundred day moving average of $326.13. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $218.07 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.39 and a beta of 1.09.

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

American Express Announces Dividend

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

Analyst Ratings Changes

AXP has been the topic of a number of recent research reports. HSBC lifted their target price on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Loop Capital decreased their price target on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Evercore set a $330.00 price target on shares of American Express in a research note on Tuesday, October 27th. Guggenheim started coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Finally, BTIG Research dropped their price objective on shares of American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research note on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has an average rating of “Moderate Buy” and a consensus target price of $365.22.

Insiders Place Their Bets

In other American Express news, insider Anna Marrs sold 44,910 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the transaction, the insider owned 20,509 shares in the company, valued at approximately $6,710,544.80. This represents a 68.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Laureen Seeger sold 69,860 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of the sale, the insider owned 9,002 shares of the company’s stock, valued at $2,954,186.34. This trade represents a 88.59% 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

American Express Profile

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.