American Express Company $AXP Shares Sold by Calamos Wealth Management LLC

Calamos Wealth Management LLC decreased its position in shares of American Express Company (NYSE:AXP) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,094 shares of the payment services company’s stock after selling 2,005 shares during the period. Calamos Wealth Management LLC’s holdings in American Express were worth $15,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of American Express in the second quarter valued at about $14,208,662,000. State Street Corp grew its stake in shares of American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares in the last quarter. Bank of America Corp DE increased its position in American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after acquiring an additional 614,981 shares during the period. Corient Private Wealth LP increased its position in American Express by 492.2% during the second quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after acquiring an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in American Express during the second quarter worth about $1,263,787,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AXP. BTIG Research dropped their price objective on shares of American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research note on Monday, September 7th. William Blair reaffirmed an “outperform” rating on shares of American Express in a report on Friday, October 23rd. Barclays lowered their target price on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a report on Monday, October 26th. TD Cowen dropped their price target on shares of American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $330.00 price target on shares of American Express in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.22.

American Express Price Performance

AXP stock traded down $3.95 during midday trading on Friday, reaching $321.02. The company had a trading volume of 2,932,179 shares, compared to its average volume of 3,071,100. The company has a market capitalization of $215.26 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09. The stock has a 50 day moving average price of $316.22 and a 200-day moving average price of $325.65. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58.

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

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is currently 21.40%.

American Express News Summary

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express has reduced its share count by 27% since 2016, while diluted earnings per share increased 352% from Q3 2016 to the latest quarter. The article credits its premium brand and network advantages—long-term strengths that have helped shareholders, rather than a new near-term development. Article: American Express Has Cut Its Share Count by 27% Since 2016
• Positive Sentiment: ETFs recorded $41.8 million in net purchases of AXP shares on Nov. 4, providing a modest signal of institutional demand. Article: American Express Sees $41.8 Million in Net ETF Buying
• Negative Sentiment: A report says American Express insider Laureen Seeger sold 69,860 shares. Insider sales can weigh on sentiment, although the provided report does not give context for the transaction. Article: Insider Laureen Seeger Sells 69,860 Shares
• Negative Sentiment: AXP also had a notable decline in the prior session, but the cited coverage does not specify what drove the move. This recent weakness may be weighing on near-term sentiment. Article: American Express Drops 3.5%

Insider Buying and Selling at American Express

In other American Express news, CEO Stephen Squeri sold 299,401 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total transaction of $99,449,036.16. Following the completion of the sale, the chief executive officer directly owned 60,567 shares in the company, valued at $20,117,934.72. This represents a 83.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total value of $22,925,956.20. Following the sale, the insider owned 9,002 shares of the company’s stock, valued at $2,954,186.34. The trade was a 88.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 414,171 shares of company stock worth $137,069,544 over the last three months. Corporate insiders own 0.14% of the company’s stock.

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.

Stephen J.