Sun Financial Inc Makes New Investment in American Express Company $AXP

Sun Financial Inc acquired a new position in American Express Company (NYSE:AXP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,887 shares of the payment services company’s stock, valued at approximately $1,438,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Gratus Wealth Advisors LLC raised its holdings in American Express by 0.8% in the 3rd quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock worth $1,233,000 after purchasing an additional 28 shares in the last quarter. Murphy & Mullick Capital Management Corp grew its position in shares of American Express by 10.0% in the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after buying an additional 28 shares during the period. Capital Asset Advisory Services LLC grew its position in American Express by 2.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock valued at $465,000 after purchasing an additional 28 shares during the last quarter. Lantz Financial LLC grew its position in American Express by 3.6% during the 4th quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after purchasing an additional 28 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC grew its position in American Express by 2.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock valued at $458,000 after purchasing an additional 29 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Activity at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the completion of the sale, the insider directly owned 8,945 shares of the company’s stock, valued at $3,189,608.10. This trade represents a 62.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the sale, the insider directly owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 73,944 shares of company stock valued at $26,114,366. Corporate insiders own 0.14% of the company’s stock.

American Express Price Performance

NYSE AXP opened at $319.74 on Monday. American Express Company has a 12 month low of $273.10 and a 12 month high of $387.49. The stock has a market cap of $218.17 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 1.30 and a beta of 1.08. The company’s 50 day moving average is $311.71 and its two-hundred day moving average is $344.36. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

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, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same period last year, the firm posted $3.64 EPS. The company’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts anticipate that American Express Company will post 17.59 earnings per share for the current year.

American Express Increases Dividend

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

Analyst Ratings Changes

Several analysts recently commented on AXP shares. Evercore set a $345.00 price objective on shares of American Express in a research report on Wednesday. UBS Group reissued a “neutral” rating and set a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. Wells Fargo & Company cut their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Credit Suisse Group set a $328.00 price objective on shares of American Express in a research report on Monday, January 12th. Finally, TD Cowen reissued a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $357.47.

American Express Company 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.