American Express Company $AXP Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in American Express Company (NYSE:AXP) by 1.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,599,242 shares of the payment services company’s stock after acquiring an additional 172,571 shares during the period. Fisher Asset Management LLC owned 1.43% of American Express worth $2,919,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in American Express during the second quarter worth $14,208,662,000. State Street Corp raised its position 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 valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the period. Corient Private Wealth LP bought a new position in shares of American Express in the second quarter valued at about $253,945,000. Bank of New York Mellon Corp bought a new position in shares of American Express in the second quarter valued at about $1,263,787,000. Finally, Legal & General Group Plc acquired a new stake in shares of American Express during the 2nd quarter worth about $1,138,054,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

AXP has been the subject of several research analyst reports. Piper Sandler lifted their target price on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Jefferies Financial Group reissued a “hold” rating and issued a $330.00 price target on shares of American Express in a report on Friday, October 23rd. Royal Bank Of Canada cut their price objective on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Finally, BTIG Research reduced their price objective on American Express from $315.00 to $230.00 and set a “sell” rating for the company in a report on Monday, September 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $365.42.

American Express Stock Down 1.4%

AXP stock opened at $318.50 on Friday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $213.57 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.36 and a beta of 1.09. The business’s fifty day moving average price is $315.64 and its two-hundred day moving average price is $324.84.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 17.98 earnings per share for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, October 9th. American Express’s payout ratio is presently 21.40%.

Insider Activity

In related news, CEO Stephen J. Squeri sold 299,401 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total transaction of $99,449,036.16. Following the sale, the chief executive officer owned 60,567 shares of the company’s stock, valued at $20,117,934.72. This represents a 83.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total value of $14,694,552.00. Following the transaction, the insider owned 20,509 shares in the company, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 414,171 shares of company stock worth $137,069,544. Corporate insiders own 0.14% of the company’s stock.

American Express Profile

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.