American Express Company $AXP Stock: Teamwork Financial Advisors LLC Trims Position

Teamwork Financial Advisors LLC lowered its position in American Express Company (NYSE:AXP) by 92.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,875 shares of the payment services company’s stock after selling 36,385 shares during the period. Teamwork Financial Advisors LLC’s holdings in American Express were worth $874,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in American Express in the second quarter worth $14,208,662,000. State Street Corp raised its holdings in American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Bank of America Corp DE lifted its position in American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after buying an additional 614,981 shares during the period. Corient Private Wealth LP purchased a new position in American Express during the second quarter valued at $253,945,000. Finally, Bank of New York Mellon Corp purchased a new position in American Express during the second quarter valued at $1,263,787,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barclays dropped their target price on shares of American Express from $364.00 to $342.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. JPMorgan Chase & Co. decreased their price target on shares of American Express from $400.00 to $360.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Piper Sandler increased their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Loop Capital lowered their price target on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, Benchmark started coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average target price of $365.63.

American Express Stock Up 0.8%

Shares of NYSE AXP traded up $2.64 during trading on Monday, reaching $316.23. The company had a trading volume of 2,818,068 shares, compared to its average volume of 3,235,276. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The business’s 50-day moving average is $320.67 and its 200 day moving average is $325.58. The stock has a market cap of $213.56 billion, a PE ratio of 19.19, a P/E/G ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%. The firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the previous year, the firm earned $4.08 EPS. American Express’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts forecast that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s payout ratio is 23.06%.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.