NEOS Investment Management LLC Acquires 14,934 Shares of American Express Company $AXP

NEOS Investment Management LLC grew its holdings in American Express Company (NYSE:AXP) by 29.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,097 shares of the payment services company’s stock after acquiring an additional 14,934 shares during the period. NEOS Investment Management LLC’s holdings in American Express were worth $21,623,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valley Wealth Managers Inc. boosted its stake in shares of American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after acquiring an additional 46 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in American Express in the 3rd quarter worth approximately $27,000. Access Investment Management LLC acquired a new stake in American Express in the 2nd quarter worth approximately $26,000. Briaud Financial Planning Inc bought a new stake in American Express during the second quarter worth approximately $26,000. Finally, Guerra Advisors Inc acquired a new position in American Express during the third quarter valued at approximately $28,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 2.0%

NYSE AXP opened at $344.38 on Wednesday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The stock has a market cap of $236.45 billion, a PE ratio of 22.38, a PEG ratio of 1.43 and a beta of 1.14. The firm has a 50-day simple moving average of $366.18 and a 200 day simple moving average of $347.81. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the prior year, the firm earned $3.04 earnings per share. The company’s 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. On average, research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were given a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, January 2nd. American Express’s dividend payout ratio (DPR) is 21.31%.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 27,425 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the transaction, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the sale, the insider owned 9,433 shares in the company, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,944 shares of company stock worth $26,114,366 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. DZ Bank upgraded shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price objective for the company in a research note on Tuesday, October 21st. UBS Group reiterated a “neutral” rating and issued a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. TD Cowen restated a “hold” rating on shares of American Express in a report on Thursday, January 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $425.00 price target on shares of American Express in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. cut their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $352.73.

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.