American Express Company $AXP Stock Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in shares of American Express Company (NYSE:AXP) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 642,277 shares of the payment services company’s stock after selling 36,951 shares during the period. Russell Investments Group Ltd. owned about 0.10% of American Express worth $195,420,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AXP. Archer Investment Corp purchased a new position in shares of American Express in the second quarter worth about $25,000. Elevation Wealth Partners LLC grew its position in American Express by 78.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock worth $28,000 after acquiring an additional 41 shares during the last quarter. John Boyer Inc. bought a new position in American Express during the 3rd quarter worth approximately $29,000. Cedar Mountain Advisors LLC increased its stake in American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after purchasing an additional 35 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new position in American Express in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AXP shares. JPMorgan Chase & Co. increased their price objective on American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Piper Sandler lifted their target price on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Citigroup lowered their price target on shares of American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, October 27th. Loop Capital dropped 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 report on Monday, July 27th. Finally, Royal Bank Of Canada cut their price target on shares of American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.42.

American Express Trading Down 1.4%

NYSE AXP opened at $318.50 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a 50 day simple moving average of $315.64 and a two-hundred day simple moving average of $324.84. The stock has a market cap of $213.57 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $20.12 billion. During the same period in the prior year, the business earned $4.14 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, analysts forecast that American Express Company will post 17.98 earnings per share for the current year.

American Express Announces Dividend

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

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 44,910 shares of the stock in a transaction that occurred 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 transaction, the insider owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This represents a 68.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Laureen Seeger sold 69,860 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the transaction, the insider owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. The trade was a 88.59% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 414,171 shares of company stock valued at $137,069,544. 0.14% of the stock is currently owned by corporate insiders.

American Express Company 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.