King Luther Capital Management Corp Buys 7,164 Shares of American Express Company $AXP

King Luther Capital Management Corp lifted its stake in shares of American Express Company (NYSE:AXP) by 1.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 667,629 shares of the payment services company’s stock after acquiring an additional 7,164 shares during the period. King Luther Capital Management Corp owned 0.10% of American Express worth $203,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Flputnam Investment Management Co. acquired a new stake in American Express in the second quarter valued at approximately $12,879,000. State Street Corp increased its holdings 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 valued at $13,857,176,000 after acquiring an additional 11,739,541 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of American Express during the second quarter worth approximately $5,172,000. Silicon Valley Capital Partners raised its position in shares of American Express by 14.9% during the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock worth $14,030,000 after purchasing an additional 5,365 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of American Express during the second quarter worth approximately $11,642,000. 84.33% of the stock is owned by institutional investors.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 44,910 shares of the 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 sale, the insider owned 20,509 shares in the company, valued at $6,710,544.80. This represents a 68.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of the sale, the insider owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. This represents a 88.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 414,171 shares of company stock worth $137,069,544. Corporate insiders own 0.14% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $322.80 on Thursday. The firm has a market capitalization of $216.45 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.36 and a beta of 1.09. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The stock has a 50 day moving average price of $315.87 and a two-hundred day moving average price of $325.06. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58.

American Express (NYSE:AXP) last posted its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts forecast that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Investors of record on Friday, October 9th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 9th. American Express’s dividend payout ratio is presently 21.40%.

Recent American Express Headlines

Here are a few of the latest headlines about AXP:

• Positive Sentiment: A Seeking Alpha contributor upgraded its rating on AXP, saying the company deserves more credit. This adds to the positive investment case, though the headline does not indicate a credit-rating agency action. American Express Deserves More Credit (Rating Upgrade)
• Positive Sentiment: American Express Canada and Marriott Bonvoy are adding a no-annual-fee card, slated to launch in February 2027, and enhancing existing cards with complimentary Gold Elite status. The expanded lineup may help attract and retain travel-focused customers. American Express and Marriott Bonvoy Expand Canadian Card Portfolio
• Positive Sentiment: American Express climbed 28 spots to No. 42 on the Roundtable 100. The improved ranking is favorable brand recognition, but is not itself evidence of stronger earnings. American Express Jumps 28 Places on the Roundtable 100

Analyst Ratings Changes

AXP has been the subject of several research reports. UBS Group lifted their price target on shares of American Express from $345.00 to $346.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Barclays decreased their price target on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a research note on Monday, October 26th. JPMorgan Chase & Co. upped their price objective on shares of American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Truist Financial dropped their price objective on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. Finally, Royal Bank Of Canada dropped their price objective on shares of American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $365.22.

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.