American Express Company $AXP Stock Sold by Focused Investors LLC

Focused Investors LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 15.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 383,050 shares of the payment services company’s stock after selling 72,600 shares during the period. American Express accounts for approximately 4.8% of Focused Investors LLC’s portfolio, making the stock its 9th biggest holding. Focused Investors LLC’s holdings in American Express were worth $116,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in American Express during the 2nd quarter valued at $14,208,662,000. State Street Corp grew its stake in shares of 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 grew its stake in shares of American Express by 8.4% in the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP grew its stake in shares of American Express by 492.2% in the second quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after purchasing an additional 3,965,582 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of American Express during the second quarter valued at $1,263,787,000. 84.33% of the stock is owned by institutional investors.

Key Headlines Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express expanded its longstanding NBA and WNBA partnership globally, adding international fan experiences and cardmember benefits. The broader reach could strengthen customer engagement, though no financial impact was disclosed. Article: American Express, NBA and WNBA Expand Longstanding Partnership Globally
• Positive Sentiment: American Express completed its acquisition of TheFork, potentially bolstering its dining-related offerings and customer proposition. Article: American Express Completes Acquisition of TheFork
• Neutral Sentiment: UBS raised its AXP price target slightly, from $345 to $346, but maintained a neutral rating. UBS Group ratings
• Neutral Sentiment: Eligible cash-back cardholders can now deposit Reward Dollars into qualifying American Express bank accounts, adding redemption flexibility; the near-term financial effect is unclear. Article: Amex Adds a Reward Dollars Redemption Option
• Negative Sentiment: Two insiders reported substantial sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%; Laureen Seeger sold 69,860 shares, cutting her holdings by 88.59%. The transactions may weigh on sentiment, although insider sales alone do not establish a negative outlook. Anna Marrs SEC filing Laureen Seeger SEC filing

Analyst Ratings Changes

A number of brokerages recently weighed in on AXP. Evercore set a $330.00 price objective on shares of American Express in a research note on Tuesday, October 27th. UBS Group increased their target price on shares of American Express from $345.00 to $346.00 and gave the company a “neutral” rating in a research report on Monday. Guggenheim initiated coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. HSBC raised their target price on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Finally, President Capital boosted their price target on shares of American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $365.22.

American Express Trading Down 0.8%

NYSE:AXP opened at $325.21 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The firm has a market capitalization of $218.07 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09. The stock has a fifty day simple moving average of $316.78 and a 200 day simple moving average of $326.13.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a return on equity of 34.19% and a net margin of 15.80%. The firm had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. During the same quarter in the previous year, the company earned $4.14 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Sell-side analysts forecast that American Express Company will post 17.88 earnings per share for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio is currently 21.40%.

Insider Buying and Selling

In related news, insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the completion of the transaction, the insider owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of American Express stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the transaction, the insider owned 9,002 shares in the company, valued at approximately $2,954,186.34. The trade was a 88.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by insiders.

American Express Profile

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.