3,317 Shares in American Express Company $AXP Purchased by R Squared Ltd

R Squared Ltd purchased a new stake in American Express Company (NYSE:AXP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,317 shares of the payment services company’s stock, valued at approximately $1,009,000. American Express comprises about 0.5% of R Squared Ltd’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds also recently added to or reduced their stakes in the stock. Archer Investment Corp purchased a new stake in shares of American Express during the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its holdings in shares of American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after buying an additional 41 shares in the last quarter. John Boyer Inc. acquired a new position in shares of American Express in the 3rd quarter valued at $29,000. Cedar Mountain Advisors LLC boosted its holdings in shares of American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after buying an additional 35 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in shares of American Express in the 2nd quarter valued at $33,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Express news, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the transaction, the insider directly owned 20,509 shares in the company, valued at approximately $6,710,544.80. The trade was a 68.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 9,002 shares of the company’s stock, valued at $2,954,186.34. The trade was a 88.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 414,171 shares of company stock worth $137,069,544 in the last 90 days. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AXP shares. Citigroup cut their price target on shares of American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 27th. Loop Capital decreased their price objective 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. Royal Bank Of Canada decreased their price objective on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. BMO Capital Markets initiated coverage on American Express in a report on Thursday, October 8th. They set an “outperform” rating and a $380.00 price objective on the stock. Finally, Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and an average price target of $365.42.

American Express Price Performance

AXP stock opened at $318.50 on Friday. The company has a market capitalization of $213.57 billion, a P/E ratio of 17.93, a PEG ratio of 1.36 and a beta of 1.09. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The business has a 50 day simple moving average of $315.64 and a 200-day simple moving average of $324.84. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.50 by $0.18. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities analysts anticipate that American Express Company will post 17.98 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 9th were paid a dividend of $0.95 per share. The ex-dividend date was Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is currently 21.40%.

American Express Profile

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.