Capital World Investors Has $1.70 Billion Stock Position in American Express Company $AXP

Capital World Investors grew its stake in shares of American Express Company (NYSE:AXP) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,122,335 shares of the payment services company’s stock after acquiring an additional 24,297 shares during the period. Capital World Investors owned 0.74% of American Express worth $1,701,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in American Express by 24.4% during the 4th 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 boosted its position in shares of 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 valued at $554,000 after acquiring an additional 200 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of American Express in the second quarter valued at about $428,000. AE Wealth Management LLC increased its position in American Express by 11.2% during the second quarter. AE Wealth Management LLC now owns 14,255 shares of the payment services company’s stock worth $4,547,000 after acquiring an additional 1,435 shares during the period. Finally, CSM Advisors LLC raised its stake in American Express by 4.2% in the 2nd quarter. CSM Advisors LLC now owns 19,640 shares of the payment services company’s stock worth $6,264,000 after purchasing an additional 790 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AXP shares. Wells Fargo & Company increased their target price on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group reissued a “buy” rating and set a $420.00 price target on shares of American Express in a research report on Tuesday, January 6th. Wolfe Research began coverage on American Express in a research note on Monday, December 8th. They set a “peer perform” rating on the stock. Barclays lifted their price objective on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, Credit Suisse Group set a $328.00 target price on American Express in a report on Monday, January 12th. Nine investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $352.73.

Insider Activity at American Express

In other American Express news, insider Howard Grosfield sold 8,134 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the sale, the insider owned 9,433 shares in the company, valued at $3,270,704.09. This trade 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 link. Also, insider Denise Pickett sold 23,385 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the sale, the insider directly owned 7,754 shares in the company, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 73,944 shares of company stock valued at $26,114,366. 0.20% of the stock is currently owned by company insiders.

American Express Trading Up 1.5%

Shares of AXP stock opened at $305.56 on Tuesday. American Express Company has a fifty-two week low of $220.43 and a fifty-two week high of $387.49. The stock’s fifty day moving average price is $349.51 and its two-hundred day moving average price is $349.60. 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 company has a market cap of $209.80 billion, a PE ratio of 19.85, a P/E/G ratio of 1.27 and a beta of 1.15.

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

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is currently 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.