Swiss Life Asset Management Ltd Acquires 35,533 Shares of American Express Company $AXP

Swiss Life Asset Management Ltd raised its holdings in American Express Company (NYSE:AXP) by 34.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 139,887 shares of the payment services company’s stock after acquiring an additional 35,533 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in American Express were worth $51,751,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Gratus Wealth Advisors LLC lifted its stake in American Express by 0.8% in the third quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after acquiring an additional 28 shares during the last quarter. Murphy & Mullick Capital Management Corp lifted its stake in American Express by 10.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock valued at $105,000 after acquiring an additional 28 shares during the last quarter. Capital Asset Advisory Services LLC lifted its stake in American Express by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock valued at $465,000 after acquiring an additional 28 shares during the last quarter. Lantz Financial LLC lifted its stake in American Express by 3.6% in the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after acquiring an additional 28 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC lifted its stake in American Express by 2.1% in the third quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock valued at $458,000 after acquiring an additional 29 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Express

In other news, insider Howard Grosfield sold 8,134 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

American Express Stock Down 0.1%

Shares of American Express stock opened at $315.79 on Monday. The stock has a market capitalization of $215.47 billion, a P/E ratio of 19.70, a PEG ratio of 1.29 and a beta of 1.08. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The stock has a 50 day moving average price of $311.10 and a two-hundred day moving average price of $344.05. American Express Company has a 12-month low of $281.46 and a 12-month high of $387.49.

American Express (NYSE:AXPGet Free Report) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were given a $0.95 dividend. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Analyst Ratings Changes

A number of analysts have issued reports on AXP shares. Wells Fargo & Company reduced their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a research note on Friday, April 10th. Bank of America lifted their target price on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Evercore set a $345.00 target price on American Express in a research report on Wednesday, April 29th. Finally, Credit Suisse Group set a $328.00 target price on American Express in a research report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $357.47.

View Our Latest Analysis on American Express

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American Express Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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