Robertson Stephens Wealth Management LLC Grows Position in American Express Company $AXP

Robertson Stephens Wealth Management LLC boosted its holdings in American Express Company (NYSE:AXP) by 217.3% in the 4th quarter, HoldingsChannel reports. The fund owned 25,974 shares of the payment services company’s stock after acquiring an additional 17,789 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in American Express were worth $9,609,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. grew its holdings in American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after purchasing an additional 845,283 shares during the last quarter. Amundi grew its holdings in American Express by 23.9% in the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after purchasing an additional 537,205 shares during the last quarter. Danske Bank A S acquired a new stake in American Express in the third quarter valued at $153,292,000. Capital Wealth Planning LLC grew its holdings in American Express by 18.5% in the third quarter. Capital Wealth Planning LLC now owns 2,169,242 shares of the payment services company’s stock valued at $720,535,000 after purchasing an additional 337,991 shares during the last quarter. Finally, Credit Agricole S A acquired a new stake in American Express in the third quarter valued at $93,571,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on AXP shares. Credit Suisse Group set a $328.00 target price on American Express in a report on Monday, January 12th. JPMorgan Chase & Co. lowered their target price on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Bank of America upped their target price on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. UBS Group reissued a “neutral” rating and issued a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. Finally, Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $357.47.

American Express Stock Down 1.0%

Shares of NYSE:AXP opened at $319.74 on Friday. The stock’s 50-day moving average price is $311.71 and its two-hundred day moving average price is $344.13. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 12-month low of $273.10 and a 12-month high of $387.49. The firm has a market cap of $218.17 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.31 and a beta of 1.08.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period last year, the company earned $3.64 EPS. The firm’s quarterly revenue was up 11.4% 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 17.59 EPS for the current year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is 23.71%.

Insiders Place Their Bets

In other news, insider Denise Pickett sold 23,385 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the transaction, the insider directly owned 7,754 shares in the company, valued at $2,767,480.14. This trade represents a 75.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 73,944 shares of company stock valued at $26,114,366 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.