3,000 Shares of American Express Company $AXP Bought by Compass Capital Management Inc.

Compass Capital Management Inc. acquired a new position in American Express Company (NYSE:AXP) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 3,000 shares of the payment services company’s stock, valued at approximately $912,000.

A number of other institutional investors have also recently bought and sold shares of AXP. Archer Investment Corp bought a new position in shares of American Express during the second quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its stake in shares of American Express by 78.8% in the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after buying an additional 41 shares during the period. John Boyer Inc. bought a new stake in shares of American Express in the third quarter valued at approximately $29,000. Cedar Mountain Advisors LLC grew its position in American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after buying an additional 35 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in American Express during the second quarter worth approximately $33,000. Institutional investors own 84.33% of the company’s stock.

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 shares were sold at an average price of $332.16, for a total value of $99,449,036.16. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Laureen Seeger sold 69,860 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of the sale, the insider owned 9,002 shares in the company, valued at $2,954,186.34. This represents a 88.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 414,171 shares of company stock worth $137,069,544. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AXP shares. Barclays lowered their price objective on American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a research note on Monday, October 26th. Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Morgan Stanley reduced their target price on American Express from $382.00 to $380.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Evercore set a $330.00 price target on American Express in a research report on Tuesday, October 27th. Finally, JPMorgan Chase & Co. boosted their price target on American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Express has a consensus rating of “Moderate Buy” and an average target price of $365.42.

American Express Price Performance

American Express stock opened at $320.38 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The stock has a market capitalization of $214.83 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.34 and a beta of 1.09. The stock has a fifty day moving average of $315.45 and a 200-day moving average of $324.64.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating 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 business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. During the same period last year, the firm posted $4.14 earnings per share. American Express’s revenue 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. On average, sell-side analysts expect that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th were paid 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 dividend payout ratio (DPR) is presently 21.40%.

About American Express

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.