New York State Teachers Retirement System decreased its holdings in shares of American Express Company (NYSE:AXP – Free Report) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 459,189 shares of the payment services company’s stock after selling 9,599 shares during the quarter. New York State Teachers Retirement System owned 0.07% of American Express worth $152,524,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Reliant Investment Management LLC lifted its holdings in shares of American Express by 0.9% during the 3rd quarter. Reliant Investment Management LLC now owns 26,434 shares of the payment services company’s stock valued at $8,780,000 after buying an additional 245 shares during the last quarter. Washington Trust Bank grew its position in shares of American Express by 3.7% in the third quarter. Washington Trust Bank now owns 1,390 shares of the payment services company’s stock valued at $462,000 after purchasing an additional 49 shares during the last quarter. Warwick Investment Management Inc. bought a new stake in shares of American Express in the third quarter valued at approximately $225,000. Oliver Luxxe Assets LLC grew its position in American Express by 20.3% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 2,082 shares of the payment services company’s stock worth $692,000 after purchasing an additional 351 shares during the last quarter. Finally, Cannon Advisors Inc. increased its stake in American Express by 29.0% during the third quarter. Cannon Advisors Inc. now owns 9,308 shares of the payment services company’s stock valued at $3,304,000 after acquiring an additional 2,091 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.
Insider Buying and Selling at American Express
In other American Express news, insider Denise Pickett sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $350.73, for a total value of $1,753,650.00. Following the sale, the insider owned 7,726 shares in the company, valued at approximately $2,709,739.98. The trade was a 39.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas Tabish sold 2,515 shares of American Express stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total transaction of $894,359.15. Following the completion of the sale, the insider owned 2,515 shares in the company, valued at $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,515 shares of company stock worth $20,658,509. Corporate insiders own 0.20% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Analysis on AXP
American Express Stock Down 1.9%
Shares of AXP stock opened at $375.79 on Friday. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The firm has a fifty day moving average of $369.05 and a 200-day moving average of $339.67. The company has a market capitalization of $258.86 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of 1.57 and a beta of 1.15.
American Express (NYSE:AXP – Get Free Report) last announced its earnings results on Friday, January 30th. The payment services company reported ($11.85) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $18.91 billion. As a group, equities research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.
American Express Announces Dividend
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 given a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, January 2nd. American Express’s dividend payout ratio (DPR) is currently 22.01%.
Key American Express News
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.
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