Parr Mcknight Wealth Management Group LLC Purchases 12,750 Shares of American Express Company $AXP

Parr Mcknight Wealth Management Group LLC grew its position in American Express Company (NYSE:AXP) by 1,243.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,775 shares of the payment services company’s stock after purchasing an additional 12,750 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in American Express were worth $4,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Gratus Wealth Advisors LLC raised its stake in American Express by 0.8% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock valued at $1,233,000 after purchasing an additional 28 shares during the period. Murphy & Mullick Capital Management Corp lifted its holdings in shares of 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 worth $105,000 after buying an additional 28 shares in the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of American Express by 1.0% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock worth $967,000 after buying an additional 29 shares in the last quarter. Walkner Condon Financial Advisors LLC boosted its position in shares of American Express by 2.1% during the third quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock worth $458,000 after acquiring an additional 29 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its stake in American Express by 2.1% during the third quarter. Sandy Cove Advisors LLC now owns 1,462 shares of the payment services company’s stock valued at $485,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the sale, the insider owned 8,945 shares of the company’s stock, valued at $3,189,608.10. This trade represents a 62.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the transaction, the insider directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last ninety days. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on AXP shares. Wells Fargo & Company boosted their price target on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. UBS Group reaffirmed a “neutral” rating and issued a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Credit Suisse Group set a $328.00 price objective on American Express in a research note on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $352.73.

American Express Price Performance

Shares of American Express stock opened at $320.85 on Tuesday. The stock has a market cap of $220.30 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The stock has a 50 day moving average price of $362.77 and a 200-day moving average price of $349.01. American Express Company has a one year low of $220.43 and a one year high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 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 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, January 2nd. American Express’s dividend payout ratio is 21.31%.

American Express 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.