Invesco Ltd. Lowers Position in American Express Company $AXP

Invesco Ltd. decreased its stake in shares of American Express Company (NYSE:AXP) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,085,700 shares of the payment services company’s stock after selling 931,393 shares during the quarter. Invesco Ltd.’s holdings in American Express were worth $1,024,946,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Seven Mile Advisory boosted its holdings in shares of American Express by 33.9% in the 3rd quarter. Seven Mile Advisory now owns 3,062 shares of the payment services company’s stock valued at $1,017,000 after purchasing an additional 776 shares during the last quarter. Sei Investments Co. increased its holdings in shares of American Express by 0.8% during the 3rd quarter. Sei Investments Co. now owns 270,471 shares of the payment services company’s stock worth $89,839,000 after buying an additional 2,230 shares during the last quarter. Douglass Winthrop Advisors LLC increased its holdings in shares of American Express by 1.0% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 132,209 shares of the payment services company’s stock worth $43,915,000 after buying an additional 1,277 shares during the last quarter. BOKF NA raised its position in shares of American Express by 2.5% in the 3rd quarter. BOKF NA now owns 26,879 shares of the payment services company’s stock worth $8,928,000 after buying an additional 660 shares during the period. Finally, Financial Life Planners purchased a new position in shares of American Express in the 3rd quarter worth $43,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Buying and Selling

In other news, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the transaction, the insider directly owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. The trade was a 57.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Howard Grosfield sold 8,134 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider owned 9,433 shares of the company’s stock, valued at $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,944 shares of company stock worth $26,114,366 in the last 90 days. 0.20% of the stock is owned by insiders.

American Express Stock Down 1.4%

Shares of NYSE AXP opened at $301.69 on Friday. The stock has a fifty day moving average price of $345.46 and a 200 day moving average price of $348.85. 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 $207.14 billion, a P/E ratio of 19.60, a P/E/G ratio of 1.30 and a beta of 1.14.

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 analysts’ consensus estimates of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The company had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. During the same quarter in the prior year, the firm earned $3.04 EPS. The company’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. Research analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a dividend of $0.95 per share. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.3%. American Express’s dividend payout ratio is presently 21.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen reissued a “hold” rating on shares of American Express in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Wells Fargo & Company boosted their target price on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. BTIG Research reissued a “sell” rating and set a $328.00 target price on shares of American Express in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $395.00 price target on shares of American Express in a report on Tuesday, January 20th. 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 stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus target price of $352.73.

About American Express

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.