American Express Company $AXP Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in American Express Company (NYSE:AXP) by 31.4% during the 3rd quarter, Holdings Channel reports. The firm owned 13,231 shares of the payment services company’s stock after acquiring an additional 3,158 shares during the period. Moors & Cabot Inc.’s holdings in American Express were worth $4,023,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Compass Capital Management Inc. bought a new stake in American Express during the 3rd quarter valued at $912,000. Valmark Advisers Inc. grew its holdings in American Express by 18.4% in the 3rd quarter. Valmark Advisers Inc. now owns 2,177 shares of the payment services company’s stock worth $662,000 after acquiring an additional 339 shares during the last quarter. Allworth Financial LP grew its holdings in American Express by 1.8% in the 3rd quarter. Allworth Financial LP now owns 144,659 shares of the payment services company’s stock worth $43,991,000 after acquiring an additional 2,516 shares during the last quarter. Fisher Asset Management LLC grew its holdings in American Express by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 9,599,242 shares of the payment services company’s stock worth $2,919,130,000 after acquiring an additional 172,571 shares during the last quarter. Finally, Private Advisory Group LLC increased its position in shares of American Express by 6.5% in the third quarter. Private Advisory Group LLC now owns 40,668 shares of the payment services company’s stock valued at $12,367,000 after acquiring an additional 2,470 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Stephen Squeri sold 299,401 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total value of $99,449,036.16. Following the completion of the transaction, the chief executive officer owned 60,567 shares of the company’s stock, valued at approximately $20,117,934.72. This represents a 83.17% 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 Anna Marrs sold 44,910 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. The trade was a 68.65% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 414,171 shares of company stock worth $137,069,544. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AXP shares. TD Cowen lowered their price objective on shares of American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. Truist Financial reduced their price target on American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Barclays lowered their price target on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a research report on Monday, October 26th. BTIG Research dropped their price objective on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 7th. Finally, Loop Capital cut their price objective on American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $365.42.

American Express Trading Up 0.7%

Shares of AXP traded up $2.32 during trading hours on Friday, reaching $320.38. 1,714,513 shares of the company traded hands, compared to its average volume of 3,022,052. The company’s fifty day moving average price is $315.45 and its two-hundred day moving average price is $324.64. The company has a market capitalization of $214.83 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.09. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP) last released its quarterly 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. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. During the same period in the prior year, the firm earned $4.14 earnings per share. American Express’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 predict that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th were issued 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 dividend yield of 1.2%. American Express’s dividend payout ratio is 21.40%.

About American Express

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.