Legacy Trust Purchases 1,875 Shares of American Express Company $AXP

Legacy Trust grew its position in shares of American Express Company (NYSE:AXP) by 6.5% in the third quarter, Holdings Channel reports. The firm owned 30,689 shares of the payment services company’s stock after purchasing an additional 1,875 shares during the period. American Express comprises approximately 2.0% of Legacy Trust’s holdings, making the stock its 14th biggest position. Legacy Trust’s holdings in American Express were worth $10,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AXP. Access Investment Management LLC bought a new position in American Express in the 2nd quarter worth about $26,000. Briaud Financial Planning Inc purchased a new position in shares of American Express during the second quarter worth about $26,000. Halbert Hargrove Global Advisors LLC increased its position in shares of American Express by 210.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after purchasing an additional 59 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in American Express in the second quarter valued at approximately $37,000. Finally, Howard Hughes Medical Institute bought a new stake in American Express during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Down 1.9%

NYSE AXP opened at $375.79 on Friday. The firm has a market cap of $258.86 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 1.57 and a beta of 1.15. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49. The stock has a 50-day moving average of $369.05 and a 200-day moving average of $339.67. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. As a group, sell-side analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s payout ratio is presently 22.01%.

Insider Activity at American Express

In other news, CMO Elizabeth Rutledge sold 50,000 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total transaction of $18,010,500.00. Following the completion of the transaction, the chief marketing officer directly owned 85,577 shares of the company’s stock, valued at approximately $30,825,691.17. This represents a 36.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Denise Pickett sold 5,000 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider owned 7,726 shares of the company’s stock, valued at approximately $2,709,739.98. This represents a 39.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,515 shares of company stock worth $20,658,509 in the last three months. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AXP. Truist Financial boosted their price target on shares of American Express from $395.00 to $420.00 and gave the stock a “buy” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of American Express from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Keefe, Bruyette & Woods increased their target price on American Express from $371.00 to $394.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, BTIG Research upped their price objective on American Express from $277.00 to $307.00 and gave the stock a “sell” rating in a report on Friday, October 17th. Nine research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $343.95.

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express confirmed management will participate in the UBS Financial Services Conference on Feb. 10 — gives investors direct access to management for questions on margins, lending trends and guidance. American Express to Participate in UBS Financial Services Conference
• Positive Sentiment: TD Cowen raised its price target to $375 (maintaining a Hold), a modest vote of confidence that suggests limited near-term downside from their view. Benzinga
• Positive Sentiment: Analysis pieces highlight product momentum and strength with younger premium cardholders, which supports the longer-term card-spend and customer-retention bull case for AXP. Does AXP’s Younger Premium Cardholders and Product Momentum Change The Bull Case For American Express?
• Neutral Sentiment: Coverage and analyst views remain mixed — some outlets list American Express among names with divergent analyst opinions, reflecting varied views on growth vs. credit/lending risks. Analysts’ Opinions Are Mixed on These Financial Stocks
• Neutral Sentiment: Benzinga and other aggregator pieces compile multiple analyst viewpoints (9 experts) — useful for context but not a single clear catalyst. The Analyst Verdict: American Express In The Eyes Of 9 Experts
• Neutral Sentiment: Broader market narratives (e.g., lists of largest stable holdings after Berkshire’s leadership change) may affect investor appetite for big-cap financials, but impacts on AXP are indirect and uncertain. 74% of the $317B Portfolio … 8 Unstoppable Stocks
• Negative Sentiment: President Trump called for a one-year 10% cap on credit-card interest rates starting Jan. 20 — he provided no implementation details, but the proposal elevates regulatory and political risk for card issuers and is cited by the market as a key reason for selling in AXP today. Trump calls for a one-year 10% cap on credit card interest in a Truth Social post Trump calls one year cap on credit card interest rates at 10%

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.