M&T Bank Corp Buys 4,109 Shares of American Express Company $AXP

M&T Bank Corp raised its stake in shares of American Express Company (NYSE:AXP) by 2.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 161,213 shares of the payment services company’s stock after acquiring an additional 4,109 shares during the period. M&T Bank Corp’s holdings in American Express were worth $59,641,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ashton Thomas Private Wealth LLC lifted its stake in American Express by 25.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 12,212 shares of the payment services company’s stock valued at $4,518,000 after acquiring an additional 2,472 shares during the period. RMR Wealth Builders lifted its stake in shares of American Express by 7.9% in the 4th quarter. RMR Wealth Builders now owns 9,614 shares of the payment services company’s stock worth $3,557,000 after purchasing an additional 706 shares during the period. Anchyra Partners LLC bought a new position in shares of American Express in the 4th quarter worth approximately $439,000. Aprio Wealth Management LLC lifted its stake in shares of American Express by 117.9% in the 4th quarter. Aprio Wealth Management LLC now owns 3,328 shares of the payment services company’s stock worth $1,231,000 after purchasing an additional 1,801 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of American Express by 6.5% in the 4th quarter. D.A. Davidson & CO. now owns 37,926 shares of the payment services company’s stock worth $14,031,000 after purchasing an additional 2,316 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of NYSE AXP opened at $319.74 on Monday. The firm has a fifty day moving average price of $311.71 and a 200-day moving average price of $344.36. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market cap of $218.17 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.30 and a beta of 1.08. American Express Company has a 1 year low of $273.10 and a 1 year high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s dividend payout ratio is currently 23.71%.

Insider Activity

In other news, insider Anna Marrs sold 27,425 shares of the 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were 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 of the company’s stock, valued at approximately $2,767,480.14. This trade represents a 75.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 73,944 shares of company stock valued at $26,114,366. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. UBS Group reiterated a “neutral” rating and issued a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. Credit Suisse Group set a $328.00 price objective on shares of American Express in a research note on Monday, January 12th. Morgan Stanley lowered their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group increased their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $357.47.

American Express Profile

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.