Truist Financial Corp Has $89.30 Million Stake in American Express Company $AXP

Truist Financial Corp decreased its position in American Express Company (NYSE:AXP) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,380 shares of the payment services company’s stock after selling 2,549 shares during the quarter. Truist Financial Corp’s holdings in American Express were worth $89,298,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its position in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after buying an additional 46 shares in the last quarter. Joseph Group Capital Management acquired a new stake in American Express during the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC acquired a new stake in American Express during the third quarter worth approximately $27,000. Guerra Advisors Inc acquired a new stake in American Express during the third quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express during the third quarter worth approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, insider Denise Pickett sold 23,385 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the transaction, the insider directly owned 7,754 shares in the company, valued at approximately $2,767,480.14. This represents a 75.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the insider owned 20,394 shares of the company’s stock, valued at $7,138,103.94. The trade was a 57.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 73,944 shares of company stock valued at $26,114,366 over the last quarter. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AXP. Bank of America increased their price target on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. TD Cowen reissued a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Barclays reduced their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. reduced their target price on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express currently has a consensus rating of “Hold” and a consensus target price of $357.47.

American Express Trading Down 0.1%

Shares of AXP stock opened at $319.25 on Tuesday. The stock’s fifty day moving average price is $311.71 and its two-hundred day moving average price is $344.36. The company has a market cap of $217.83 billion, a PE ratio of 19.92, a P/E/G ratio of 1.30 and a beta of 1.08. American Express Company has a fifty-two week low of $273.61 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

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

American Express Increases Dividend

The company also recently declared 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%. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is currently 23.71%.

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.