24,570 American Express Company $AXP Shares Sold by M&G PLC

M&G PLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 336,703 shares of the payment services company’s stock after selling 24,570 shares during the period. M&G PLC owned about 0.05% of American Express worth $102,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AXP. BlackRock Inc. purchased a new stake in American Express during the 2nd quarter valued at about $14,208,662,000. State Street Corp grew its position in American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after acquiring an additional 11,739,541 shares during the last quarter. Bank of America Corp DE increased its stake in American Express by 8.4% in the 2nd 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 purchasing an additional 614,981 shares during the period. Corient Private Wealth LP purchased a new position in American Express in the 2nd quarter worth approximately $253,945,000. Finally, Bank of New York Mellon Corp bought a new stake in American Express in the second quarter valued at approximately $1,263,787,000. 84.33% of the stock is owned by institutional investors.

Insider Transactions at American Express

In other American Express news, CEO Stephen J. Squeri sold 299,401 shares of the business’s 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 completion of the sale, the chief executive officer owned 60,567 shares of the company’s stock, 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Anna Marrs sold 44,910 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was 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 of the company’s stock, valued at approximately $6,710,544.80. The trade was a 68.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 414,171 shares of company stock worth $137,069,544 in the last 90 days. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AXP shares. Truist Financial dropped their price objective on American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. JPMorgan Chase & Co. lifted their target price on shares of American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. TD Cowen decreased their target price on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a research note on Tuesday, October 6th. Barclays lowered 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 report on Monday, October 26th. Finally, Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express has an average rating of “Moderate Buy” and an average price target of $365.22.

American Express News Roundup

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

• Positive Sentiment: American Express and Fanatics introduced a co-branded credit card and added Fanatics FanCash as a Membership Rewards transfer option. The partnership could broaden AmEx’s appeal among sports fans and create another way to engage cardmembers, though the reports did not quantify the potential financial contribution. AmEx Takes Page From Trading Cards With Fanatics Deal
• Positive Sentiment: A Zacks article highlighted American Express as a long-term stock pick, supporting a favorable investment view, although it did not report a new company development. Why American Express Is a Top Stock for the Long-Term
• Neutral Sentiment: A report said American Express shares gained but lagged the broader market, indicating the stock’s session performance was weaker than the market overall. American Express Stock Rises Monday, Still Underperforms Market
• Negative Sentiment: Commentary noted that premium-card fee growth is strong, but rising rewards, benefits and marketing expenses may make it harder to convert that growth into higher profits. Can American Express Turn Premium Card Growth Into Higher Profits?

American Express Stock Up 1.0%

Shares of American Express stock opened at $324.35 on Tuesday. The company’s 50 day moving average is $316.03 and its 200 day moving average is $325.48. The company has a market cap of $217.49 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49.

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 the consensus estimate of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. American Express’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Research analysts anticipate that American Express Company will post 17.98 EPS for the current year.

American Express Dividend Announcement

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

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.