American Express Company $AXP Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lessened its holdings in shares of American Express Company (NYSE:AXP – Free Report) by 14.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 34,829 shares of the payment services company’s stock after selling 5,800 shares during the period. UNIVEST FINANCIAL Corp’s holdings in American Express were worth $10,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of American Express during the second quarter worth about $14,208,662,000. State Street Corp grew its holdings in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of American Express by 8.4% during the second 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 buying an additional 614,981 shares during the last quarter. Corient Private Wealth LP increased its position in American Express by 492.2% in the 2nd quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock valued at $1,613,890,000 after acquiring an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in American Express in the 2nd quarter valued at about $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP opened at $322.80 on Thursday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The stock’s 50 day moving average is $315.87 and its two-hundred day moving average is $325.06. The firm has a market capitalization of $216.45 billion, a PE ratio of 18.18, a P/E/G ratio of 1.36 and a beta of 1.09. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP – Get Free Report) last released its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.14 EPS. 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 earnings per share for the current year.

American Express Dividend Announcement

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

Insider Activity at American Express

In other American Express news, CEO Stephen J. Squeri sold 299,401 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total value 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. This trade represents a 83.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 414,171 shares of company stock worth $137,069,544 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on AXP shares. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Truist Financial dropped their target price on American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Royal Bank Of Canada lowered their price objective on shares of American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Finally, TD Cowen cut their price objective on shares of American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $365.22.

View Our Latest Stock Report on American Express

Key Headlines Impacting American Express

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About American Express

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP – Free Report).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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