TD Asset Management Inc Sells 51,742 Shares of American Express Company $AXP

TD Asset Management Inc trimmed its holdings in shares of American Express Company (NYSE:AXP) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,039,393 shares of the payment services company’s stock after selling 51,742 shares during the quarter. TD Asset Management Inc’s holdings in American Express were worth $677,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AXP. Valley Wealth Managers Inc. grew its position in American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after acquiring an additional 46 shares in the last quarter. Access Investment Management LLC bought a new stake in shares of American Express in the 2nd quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new stake in shares of American Express in the 3rd quarter valued at approximately $27,000. Guerra Advisors Inc purchased a new position in shares of American Express in the 3rd quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of American Express by 210.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.3%

NYSE AXP opened at $320.17 on Wednesday. The stock has a market cap of $219.83 billion, a PE ratio of 20.80, a PEG ratio of 1.36 and a beta of 1.14. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The company’s 50-day moving average price is $361.55 and its 200-day moving average price is $349.17. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

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

Insider Transactions at American Express

In other American Express news, insider Howard Grosfield sold 8,134 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the sale, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the transaction, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last ninety days. 0.20% of the stock is owned by company insiders.

Analyst Ratings Changes

AXP has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $420.00 price target on shares of American Express in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. JPMorgan Chase & Co. dropped their price target on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Finally, Morgan Stanley set a $395.00 price target on shares of American Express in a report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $352.73.

American Express Company Profile

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.