Chevy Chase Trust Holdings LLC Cuts Stake in American Express Company $AXP

Chevy Chase Trust Holdings LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 356,891 shares of the payment services company’s stock after selling 14,562 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of American Express worth $118,545,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AXP. Gratus Wealth Advisors LLC grew its holdings in shares of 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 last quarter. Murphy & Mullick Capital Management Corp raised its position in American Express by 10.0% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after purchasing an additional 28 shares during the period. McGlone Suttner Wealth Management Inc. lifted its stake in 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 purchasing an additional 29 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its position in 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 valued at $458,000 after buying an additional 29 shares during the period. Finally, Invenio Wealth Partners LLC boosted its position in American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after buying an additional 29 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of NYSE:AXP opened at $300.16 on Friday. The company has a market cap of $206.09 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14. The company has a 50-day moving average price of $344.01 and a 200-day moving average price of $348.94. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49.

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

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be issued a $0.95 dividend. This is an increase from American Express’s previous quarterly dividend of $0.82. The ex-dividend date is Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.3%. American Express’s dividend payout ratio (DPR) is 24.69%.

Insiders Place Their Bets

In related news, insider Howard Grosfield sold 8,134 shares of the company’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 completion of the transaction, the insider owned 9,433 shares in the company, valued at $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. The trade was a 57.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,944 shares of company stock valued at $26,114,366 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $425.00 price objective on shares of American Express in a report on Monday, January 12th. UBS Group restated a “neutral” rating and set a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. JPMorgan Chase & Co. reduced their price target on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Evercore set a $393.00 price target on American Express in a research note on Tuesday, February 10th. Finally, BTIG Research reiterated a “sell” rating and issued a $328.00 price objective on shares of American Express in a research report on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $356.90.

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.