Navellier & Associates Inc. Has $1.07 Million Stock Position in American Express Company $AXP

Navellier & Associates Inc. increased its stake in shares of American Express Company (NYSE:AXP) by 89.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,226 shares of the payment services company’s stock after acquiring an additional 1,526 shares during the quarter. Navellier & Associates Inc.’s holdings in American Express were worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Valley Wealth Managers Inc. raised its position in shares of American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after buying an additional 46 shares during the last quarter. Briaud Financial Planning Inc bought a new position in American Express during the second quarter valued at about $26,000. Access Investment Management LLC acquired a new position in American Express in the 2nd quarter valued at approximately $26,000. Manning & Napier Advisors LLC acquired a new position in American Express in the 3rd quarter valued at approximately $27,000. Finally, Guerra Advisors Inc bought a new stake in shares of American Express in the 3rd quarter worth approximately $28,000. 84.33% of the stock is owned by institutional investors.

Insider Activity at American Express

In related news, insider Denise Pickett sold 23,385 shares of the stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the sale, the insider directly owned 7,754 shares in the company, valued at $2,767,480.14. This represents a 75.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total value of $9,599,024.25. Following the sale, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by insiders.

Key Headlines Impacting American Express

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

American Express Stock Up 0.9%

Shares of NYSE:AXP opened at $363.01 on Wednesday. The company’s fifty day moving average is $368.55 and its 200-day moving average is $346.40. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.66 and a current ratio of 1.59. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49. The company has a market capitalization of $249.25 billion, a PE ratio of 23.59, a P/E/G ratio of 1.52 and a beta of 1.14.

American Express (NYSE:AXPGet Free Report) last announced its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The firm had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd were paid a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s payout ratio is 21.31%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AXP. Credit Suisse Group set a $328.00 price objective on American Express in a research report on Monday, January 12th. UBS Group reissued a “neutral” rating and issued a $395.00 price target on shares of American Express in a report on Wednesday, February 4th. JPMorgan Chase & Co. dropped their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Evercore set a $400.00 target price on shares of American Express in a research report on Tuesday, January 6th. Finally, DZ Bank raised shares of American Express from a “sell” rating to a “hold” rating and set a $340.00 price target for the company in a research report on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $354.78.

View Our Latest Report on AXP

American Express Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXPFree Report).

Institutional Ownership by Quarter for American Express (NYSE:AXP)

Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.