American Express Company $AXP Position Cut by Candriam S.C.A.

Candriam S.C.A. reduced its position in shares of American Express Company (NYSE:AXP) by 45.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,190 shares of the payment services company’s stock after selling 57,609 shares during the quarter. Candriam S.C.A.’s holdings in American Express were worth $21,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of American Express in the 2nd quarter valued at about $14,208,662,000. State Street Corp raised its stake in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE raised its stake in shares of 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 buying an additional 614,981 shares during the last quarter. Corient Private Wealth LP raised its stake in shares of 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 buying an additional 3,965,582 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in American Express in the second quarter valued at approximately $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Express

In other American Express news, CEO Stephen J. Squeri sold 299,401 shares of American Express stock in a transaction dated 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 transaction, the chief executive officer directly owned 60,567 shares in the company, valued at approximately $20,117,934.72. The trade was a 83.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anna Marrs sold 44,910 shares of the business’s stock in a transaction dated 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 directly 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 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 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

American Express Stock Up 0.0%

American Express stock opened at $321.02 on Monday. The company’s 50 day simple moving average is $316.22 and its 200 day simple moving average is $325.65. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The firm has a market capitalization of $215.26 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.35 and a beta of 1.09. 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 issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter in the previous year, the company earned $4.14 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.98 EPS for the current year.

American Express Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on AXP shares. Benchmark started coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Evercore set a $330.00 target price on shares of American Express in a research report on Tuesday, October 27th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. Loop Capital reduced their price target 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. Finally, TD Cowen decreased their price objective on American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $365.22.

More American Express News

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%

American Express 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.