Puzo Michael J Grows Stock Holdings in American Express Company $AXP

Puzo Michael J lifted its position in American Express Company (NYSE:AXP) by 36.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,568 shares of the payment services company’s stock after purchasing an additional 2,799 shares during the period. Puzo Michael J’s holdings in American Express were worth $3,510,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares during the period. Sivia Capital Partners LLC raised its holdings in American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares in the last quarter. Schnieders Capital Management LLC. purchased a new stake in shares of American Express during the second quarter valued at about $428,000. Phoenix Financial Ltd. boosted its holdings in shares of American Express by 121.9% in the 2nd quarter. Phoenix Financial Ltd. now owns 1,891 shares of the payment services company’s stock valued at $603,000 after buying an additional 1,039 shares in the last quarter. Finally, Retirement Planning Group LLC grew its position in shares of American Express by 10.3% in the 2nd quarter. Retirement Planning Group LLC now owns 1,817 shares of the payment services company’s stock worth $579,000 after buying an additional 169 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

AXP opened at $341.93 on Friday. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The firm has a 50 day moving average of $364.73 and a two-hundred day moving average of $347.76. The firm has a market capitalization of $234.77 billion, a PE ratio of 22.22, a P/E/G ratio of 1.46 and a beta of 1.14.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The business had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, January 2nd. American Express’s dividend payout ratio (DPR) is 21.31%.

Insider Buying and Selling

In related news, insider Howard Grosfield sold 8,134 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the company’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the transaction, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 73,944 shares of company stock valued at $26,114,366 in the last three months. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. lowered their price target on American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. The Goldman Sachs Group restated a “buy” rating and set a $420.00 price objective on shares of American Express in a report on Tuesday, January 6th. Wolfe Research began coverage on shares of American Express in a research note on Monday, December 8th. They issued a “peer perform” rating for the company. Finally, Evercore set a $393.00 price target on shares of American Express in a research note on Tuesday, February 10th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Express presently has an average rating of “Hold” and an average target price of $352.73.

American Express Company Profile

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.