Schmidt P J Investment Management Inc. Makes New Investment in American Express Company $AXP

Schmidt P J Investment Management Inc. purchased a new stake in American Express Company (NYSE:AXP) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,337 shares of the payment services company’s stock, valued at approximately $4,664,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverbend Wealth Management LLC boosted its holdings in American Express by 0.8% in the third quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock worth $1,379,000 after acquiring an additional 34 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of American Express by 1.9% during the first quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company’s stock valued at $568,000 after acquiring an additional 35 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in shares of American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after acquiring an additional 35 shares in the last quarter. Consilium Wealth Advisory LLC increased its holdings in shares of American Express by 4.6% during the third quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock valued at $241,000 after acquiring an additional 35 shares in the last quarter. Finally, Gryphon Financial Partners LLC raised its position in shares of American Express by 1.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock valued at $753,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AXP. JPMorgan Chase & Co. raised their price target on shares of American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Citigroup dropped their price objective on shares of American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, October 27th. Evercore set a $330.00 target price on American Express in a research report on Tuesday, October 27th. Jefferies Financial Group restated a “hold” rating and issued a $330.00 target price on shares of American Express in a research note on Friday, October 23rd. Finally, Barclays reduced their target price on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $365.22.

American Express Stock Performance

NYSE AXP opened at $332.78 on Thursday. The stock has a market capitalization of $223.15 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.38 and a beta of 1.09. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64. The stock has a 50-day moving average of $316.71 and a 200 day moving average of $326.01.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter in the prior year, the firm earned $4.14 earnings per share. The business’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. Sell-side analysts anticipate that American Express Company will post 17.88 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is presently 21.40%.

Insider Activity

In other American Express news, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the transaction, the insider directly owned 9,002 shares in the company, valued at $2,954,186.34. This represents a 88.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the transaction, the insider owned 20,509 shares of the company’s stock, valued at $6,710,544.80. This trade represents a 68.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

American Express News Roundup

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

• Positive Sentiment: UBS raised its price target on AXP, offering a modest vote of confidence. Article: American Express Stock Gets Price Target Boost from UBS Group
• Positive Sentiment: American Express’s partnership with Airbnb brings more than one million listings, including Airbnb Luxe, to Amex Travel for eligible U.S. cardmembers. The added travel inventory and rewards offers could support card engagement and spending. Article: Airbnb Stock In Focus After Amex Deal And Q3 Results Preview
• Positive Sentiment: Amex expanded its NBA, WNBA and USA Basketball partnerships internationally, adding cardmember experiences and offers that may help strengthen customer loyalty. Article: American Express Brings Global Basketball Perks To Card Holders Worldwide
• Neutral Sentiment: Amex is presenting an exclusive Equinox wellness event for eligible cardmembers, another premium-card benefit, though the announcement gives no expected financial impact. Article: Equinox Announces House of Equinox
• Negative Sentiment: Bill Ackman said American Express should be concerned about Ramp, a fast-growing fintech competitor. The article also cites analysts’ expectations for continued double-digit EPS growth, but competition is a risk to monitor. Article: American Express Draws Bill Ackman’s Warning
• Negative Sentiment: Two insiders made substantial share sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%, while Laureen Seeger sold 69,860 shares, cutting hers by 88.59%. Sales do not necessarily indicate a negative outlook, but may weigh on sentiment. Anna Marrs SEC filing Laureen Seeger SEC filing

American Express Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.