American Express Company $AXP Stock: Eurizon Capital SGR S.p.A. Boosts Holdings

Eurizon Capital SGR S.p.A. boosted its position in American Express Company (NYSE:AXP) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,904 shares of the payment services company’s stock after buying an additional 3,572 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in American Express were worth $50,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. BlackRock Inc. purchased a new position in American Express in the second quarter worth approximately $14,208,662,000. State Street Corp raised its holdings in shares of American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of 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 valued at $2,695,702,000 after purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP purchased a new stake in shares of American Express in the 2nd quarter worth about $253,945,000. Finally, Bank of New York Mellon Corp acquired a new stake in American Express during the 2nd quarter valued at $1,263,787,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

AXP stock opened at $320.38 on Friday. The company has a 50-day simple moving average of $315.45 and a 200 day simple moving average of $324.64. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $214.83 billion, a P/E ratio of 18.04, a PEG ratio of 1.34 and a beta of 1.09. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping 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%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business 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 17.98 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th were issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 9th. American Express’s payout ratio is 21.40%.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the completion of the transaction, the insider owned 20,509 shares in the company, valued at approximately $6,710,544.80. The trade was a 68.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Laureen Seeger sold 69,860 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $328.17, for a total value of $22,925,956.20. Following the sale, the insider directly owned 9,002 shares of the company’s stock, valued at $2,954,186.34. This represents a 88.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 414,171 shares of company stock valued at $137,069,544. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AXP shares. Piper Sandler upped their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. BTIG Research cut their price objective on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research report on Monday, September 7th. JPMorgan Chase & Co. boosted their price objective on shares of American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Barclays cut their target price on American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a research report on Monday, October 26th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $330.00 price target on shares of American Express in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.42.

American Express Company 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.