American Express Company $AXP Stock Position Boosted by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. grew its stake in shares of American Express Company (NYSE:AXP) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,574 shares of the payment services company’s stock after buying an additional 8,393 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in American Express were worth $28,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. increased its stake in shares of American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during the period. Manning & Napier Advisors LLC acquired a new stake in American Express in the third quarter worth approximately $27,000. Guerra Advisors Inc acquired a new stake in shares of American Express in the third quarter valued at $28,000. Halbert Hargrove Global Advisors LLC lifted its holdings in American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 59 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in American Express in the 3rd quarter valued at about $34,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other news, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the sale, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This trade represents a 57.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Howard Grosfield sold 8,134 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were 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 of the company’s stock, valued at approximately $3,270,704.09. The trade was a 46.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,944 shares of company stock valued at $26,114,366 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the topic of several recent research reports. Credit Suisse Group set a $328.00 price objective on shares of American Express in a research note on Monday, January 12th. TD Cowen reissued a “hold” rating on shares of American Express in a research note on Thursday, January 8th. UBS Group restated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Barclays upped their price target on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Wolfe Research started coverage on American Express in a research report on Monday, December 8th. They set a “peer perform” rating for the company. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express has an average rating of “Hold” and a consensus target price of $356.90.

American Express Trading Down 0.6%

Shares of NYSE:AXP opened at $300.16 on Friday. The firm has a fifty day moving average of $344.01 and a two-hundred day moving average of $348.94. 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 Company has a 12-month low of $220.43 and a 12-month high of $387.49. The firm has a market capitalization of $206.09 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14.

American Express (NYSE:AXP) last posted its quarterly 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). American Express had a return on equity of 33.49% and a net margin of 15.00%.The company had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. During the same period last year, the company posted $3.04 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, April 2nd. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is currently 24.69%.

American Express 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.