American Express Company (NYSE:AXP – Get Free Report) insider Laureen Seeger sold 69,860 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the transaction, the insider directly owned 9,002 shares in the company, valued at $2,954,186.34. This trade represents a 88.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
American Express Stock Down 0.8%
Shares of NYSE:AXP traded down $2.77 on Tuesday, hitting $325.21. 2,348,047 shares of the company’s stock were exchanged, compared to its average volume of 3,224,032. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a market capitalization of $218.07 billion, a PE ratio of 18.31, a P/E/G ratio of 1.35 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.54 and a current ratio of 1.58. The firm’s 50-day moving average is $317.02 and its 200 day moving average is $326.29.
American Express (NYSE:AXP – Get Free Report) last issued its earnings results 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 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 business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.88 EPS for the current year.
American Express Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is presently 21.40%.
Hedge Funds Weigh In On American Express
Institutional investors have recently modified their holdings of the business. Archer Investment Corp purchased a new position in shares of American Express during the second quarter worth about $25,000. Elevation Wealth Partners LLC grew its stake in shares of American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after purchasing an additional 41 shares during the last quarter. John Boyer Inc. purchased a new position in shares of American Express in the 3rd quarter valued at approximately $29,000. Cedar Mountain Advisors LLC increased its holdings in shares of American Express by 58.3% in the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after purchasing an additional 35 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new position in shares of American Express in the second quarter valued at approximately $33,000. 84.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AXP has been the subject of several recent analyst reports. Guggenheim started coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. BTIG Research cut their price target on shares of American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research note on Monday, September 7th. UBS Group boosted 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. William Blair restated an “outperform” rating on shares of American Express in a research note on Friday, October 23rd. Finally, Benchmark assumed coverage on American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $365.22.
Check Out Our Latest Stock Analysis on AXP
About American Express
American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.
The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.
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