Swiss National Bank Has $536.63 Million Stock Holdings in American Express Company $AXP

Swiss National Bank lessened its stake in American Express Company (NYSE:AXP) by 4.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,615,579 shares of the payment services company’s stock after selling 82,300 shares during the quarter. Swiss National Bank owned about 0.23% of American Express worth $536,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. LGT Fund Management Co Ltd. raised its position in American Express by 38.8% in the 3rd quarter. LGT Fund Management Co Ltd. now owns 2,665 shares of the payment services company’s stock worth $876,000 after purchasing an additional 745 shares during the last quarter. LGT Group Foundation raised its holdings in American Express by 0.6% during the 3rd quarter. LGT Group Foundation now owns 22,177 shares of the payment services company’s stock worth $7,286,000 after purchasing an additional 130 shares during the last quarter. Planning Directions Inc. acquired a new position in American Express during the 3rd quarter valued at about $202,000. Gerber Kawasaki Wealth & Investment Management boosted its stake in shares of American Express by 4.3% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 4,294 shares of the payment services company’s stock valued at $1,426,000 after purchasing an additional 179 shares during the last quarter. Finally, Orca Wealth Management LLC grew its position in shares of American Express by 12.1% during the 3rd quarter. Orca Wealth Management LLC now owns 1,004 shares of the payment services company’s stock worth $334,000 after buying an additional 108 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wolfe Research started coverage on shares of American Express in a research note on Monday, December 8th. They set a “peer perform” rating for the company. Truist Financial reduced their price target on American Express from $420.00 to $400.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, Evercore set a $393.00 target price on American Express in a report on Tuesday, February 10th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $352.73.

American Express Trading Down 2.1%

AXP opened at $300.83 on Monday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The firm has a market cap of $206.55 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.27 and a beta of 1.14. 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 firm’s fifty day moving average is $350.90 and its two-hundred day moving average is $349.62.

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

American Express Increases Dividend

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

Insiders Place Their Bets

In other news, insider Anna Marrs sold 27,425 shares of American Express stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the transaction, the insider owned 20,394 shares in the company, valued at $7,138,103.94. The trade was a 57.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the sale, the insider directly owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 73,944 shares of company stock worth $26,114,366. Company insiders own 0.20% of the company’s stock.

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.