American Express Company $AXP Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of American Express Company (NYSE:AXP) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,508 shares of the payment services company’s stock after selling 6,520 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in American Express were worth $37,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of American Express by 1.3% in the second quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after acquiring an additional 581,369 shares in the last quarter. Geode Capital Management LLC increased its position in American Express by 11.1% in the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after buying an additional 1,349,746 shares during the period. Norges Bank bought a new stake in shares of American Express during the second quarter valued at approximately $1,897,335,000. Artisan Partners Limited Partnership grew its stake in shares of American Express by 3.0% in the second quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after purchasing an additional 133,439 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of American Express by 13.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock valued at $1,385,188,000 after acquiring an additional 530,967 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Up 2.0%

American Express stock opened at $344.38 on Wednesday. The company’s 50-day moving average price is $366.18 and its two-hundred day moving average price is $347.81. The stock has a market cap of $236.45 billion, a P/E ratio of 22.38, a P/E/G ratio of 1.43 and a beta of 1.14. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last released its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express’s dividend payout ratio is presently 21.31%.

Insider Activity at American Express

In other news, insider Howard Grosfield sold 8,134 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the completion of the transaction, the insider owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denise Pickett sold 23,385 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the transaction, the insider owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 73,944 shares of company stock worth $26,114,366. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of recent analyst reports. TD Cowen reiterated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Truist Financial lowered their price target on American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Wells Fargo & Company boosted their price objective on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. Wall Street Zen cut shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Morgan Stanley set a $395.00 price target on American Express in a research report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $352.73.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.