Capital Research Global Investors Acquires 29,331 Shares of American Express Company $AXP

Capital Research Global Investors grew its stake in shares of American Express Company (NYSE:AXP) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 4,452,660 shares of the payment services company’s stock after acquiring an additional 29,331 shares during the period. Capital Research Global Investors’ holdings in American Express were worth $1,479,019,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AXP. Brighton Jones LLC increased its holdings in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after buying an additional 1,273 shares during the period. Sivia Capital Partners LLC increased its holdings in American Express by 13.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after buying an additional 200 shares during the period. Schnieders Capital Management LLC. purchased a new position in American Express during the 2nd quarter worth approximately $428,000. AE Wealth Management LLC boosted its holdings in shares of American Express by 11.2% in the 2nd quarter. AE Wealth Management LLC now owns 14,255 shares of the payment services company’s stock valued at $4,547,000 after acquiring an additional 1,435 shares during the last quarter. Finally, CSM Advisors LLC increased its stake in shares of American Express by 4.2% in the second quarter. CSM Advisors LLC now owns 19,640 shares of the payment services company’s stock worth $6,264,000 after acquiring an additional 790 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Price Performance

American Express stock opened at $305.56 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. The company has a 50-day moving average price of $349.51 and a 200 day moving average price of $349.60. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The stock has a market cap of $209.80 billion, a P/E ratio of 19.85, a PEG ratio of 1.27 and a beta of 1.15.

American Express (NYSE:AXP) last posted its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share 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 during the quarter, compared to analyst estimates of $18.91 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a $0.95 dividend. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 21.31%.

Insiders Place Their Bets

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the sale, the insider directly 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Denise Pickett sold 23,385 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were 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 directly owned 7,754 shares in the company, valued at $2,767,480.14. The trade was a 75.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last three months. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on AXP. Truist Financial cut 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. UBS Group reaffirmed a “neutral” rating and set a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. Morgan Stanley set a $395.00 target price on shares of American Express in a research note on Tuesday, January 20th. Wolfe Research started coverage on shares of American Express in a research report on Monday, December 8th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company raised their target price on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.