American Express Company $AXP Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its position in shares of American Express Company (NYSE:AXP) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,000 shares of the payment services company’s stock after selling 21,000 shares during the quarter. American Express accounts for approximately 0.5% of Alberta Investment Management Corp’s portfolio, making the stock its 16th largest holding. Alberta Investment Management Corp’s holdings in American Express were worth $51,485,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of American Express by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock valued at $14,808,730,000 after purchasing an additional 581,369 shares in the last quarter. Geode Capital Management LLC boosted its position in American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after purchasing an additional 1,349,746 shares in the last quarter. Norges Bank purchased a new stake in shares of American Express in the second quarter valued at approximately $1,897,335,000. Artisan Partners Limited Partnership raised its stake in shares of American Express by 3.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after buying an additional 133,439 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of American Express by 13.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after buying an additional 530,967 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the transaction, the insider directly owned 8,945 shares of the company’s stock, valued at $3,189,608.10. The trade was 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 accessible through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the sale, the insider owned 9,433 shares of the company’s stock, valued at $3,270,704.09. This represents a 46.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 73,944 shares of company stock worth $26,114,366. Company insiders own 0.20% of the company’s stock.

American Express Trading Up 0.5%

AXP opened at $346.34 on Thursday. The firm has a market capitalization of $237.80 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. The company’s 50 day simple moving average is $365.59 and its two-hundred day simple moving average is $347.80. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58.

American Express (NYSE:AXP) last posted 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). American Express had a net margin of 15.00% and a return on equity of 33.49%. The company had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. During the same quarter last year, the company earned $3.04 earnings per share. American Express’s revenue for the quarter was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s payout ratio is presently 21.31%.

Analysts Set New Price Targets

Several equities research analysts recently commented on AXP shares. UBS Group reissued a “neutral” rating and issued a $395.00 price target on shares of American Express in a report on Wednesday, February 4th. BTIG Research reiterated a “sell” rating and issued a $328.00 target price on shares of American Express in a research report on Monday, February 2nd. Truist Financial reduced their price target on shares of American Express from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. JPMorgan Chase & Co. lowered their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, TD Cowen reiterated a “hold” rating on shares of American Express in a research note on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.