Level Four Advisory Services LLC Purchases 2,431 Shares of American Express Company $AXP

Level Four Advisory Services LLC lifted its position in shares of American Express Company (NYSE:AXP) by 32.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,878 shares of the payment services company’s stock after purchasing an additional 2,431 shares during the quarter. Level Four Advisory Services LLC’s holdings in American Express were worth $3,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its position in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC grew its stake in shares of American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after buying an additional 200 shares during the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of American Express in the second quarter worth about $428,000. iA Global Asset Management Inc. bought a new stake in shares of American Express in the 2nd quarter valued at about $303,000. Finally, Westside Investment Management Inc. boosted its holdings in American Express by 14.0% during the 2nd quarter. Westside Investment Management Inc. now owns 812 shares of the payment services company’s stock valued at $259,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Key American Express News

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

Insider Transactions at American Express

In other news, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the sale, the insider owned 8,945 shares in the company, valued at approximately $3,189,608.10. The trade was a 62.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Denise Pickett sold 23,385 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the completion of the transaction, the insider 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. In the last quarter, insiders have sold 73,944 shares of company stock worth $26,114,366. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Morgan Stanley set a $395.00 price target on American Express in a research note on Tuesday, January 20th. Evercore set a $393.00 target price on shares of American Express in a report on Tuesday, February 10th. Credit Suisse Group set a $328.00 price target on shares of American Express in a report on Monday, January 12th. BTIG Research reissued a “sell” rating and issued a $328.00 price target on shares of American Express in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $352.73.

Get Our Latest Stock Analysis on American Express

American Express Stock Up 0.1%

Shares of American Express stock opened at $307.86 on Wednesday. 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. The company has a market cap of $211.38 billion, a P/E ratio of 20.00, a PEG ratio of 1.30 and a beta of 1.14. The company’s fifty day simple moving average is $355.45 and its two-hundred day simple moving average is $349.63.

American Express (NYSE:AXPGet Free Report) last announced 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). American Express had a net margin of 15.00% and a return on equity of 33.49%. The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same period in the previous year, the firm posted $3.04 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express Company will post 15.33 EPS for the current year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be given a $0.95 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is currently 21.31%.

American Express Company Profile

(Free Report)

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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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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