Martingale Asset Management L P Reduces Stock Position in American Express Company $AXP

Martingale Asset Management L P lessened its position in American Express Company (NYSE:AXP) by 16.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,448 shares of the payment services company’s stock after selling 20,040 shares during the period. American Express accounts for 0.8% of Martingale Asset Management L P’s investment portfolio, making the stock its 20th biggest position. Martingale Asset Management L P’s holdings in American Express were worth $33,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AXP. Acorns Advisers LLC boosted its holdings in shares of American Express by 10.8% during the third quarter. Acorns Advisers LLC now owns 1,070 shares of the payment services company’s stock worth $355,000 after purchasing an additional 104 shares during the period. Seven Mile Advisory grew its stake in shares of American Express by 33.9% in the third quarter. Seven Mile Advisory now owns 3,062 shares of the payment services company’s stock worth $1,017,000 after purchasing an additional 776 shares during the last quarter. Sei Investments Co. increased its holdings in American Express by 0.8% during the 3rd quarter. Sei Investments Co. now owns 270,471 shares of the payment services company’s stock valued at $89,839,000 after purchasing an additional 2,230 shares during the period. Douglass Winthrop Advisors LLC raised its position in 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 valued at $43,915,000 after purchasing an additional 1,277 shares during the last quarter. Finally, BOKF NA raised its position in American Express by 2.5% during the 3rd quarter. BOKF NA now owns 26,879 shares of the payment services company’s stock valued at $8,928,000 after purchasing an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP opened at $301.69 on Friday. The firm has a market cap of $207.14 billion, a PE ratio of 19.60, a P/E/G ratio of 1.30 and a beta of 1.14. The stock has a 50-day moving average price of $345.46 and a 200-day moving average price of $348.85. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.01). The firm had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be issued a dividend of $0.95 per share. 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 dividend on an annualized basis and a dividend yield of 1.3%. American Express’s dividend payout ratio is currently 21.31%.

Insider Activity

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $356.58, for a total value of $5,348,700.00. Following the transaction, the insider directly owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. This represents a 62.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 27,425 shares of American Express stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders 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 insiders.

Analysts Set New Price Targets

AXP has been the topic of a number of recent analyst reports. Credit Suisse Group set a $328.00 price objective on American Express in a research report on Monday, January 12th. The Goldman Sachs Group restated a “buy” rating and set a $420.00 target price on shares of American Express in a report on Tuesday, January 6th. Barclays raised their price target on American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Wolfe Research assumed coverage on shares of American Express in a report on Monday, December 8th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $352.73.

American Express Company 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.