Hartford Investment Management Co. Sells 1,596 Shares of American Express Company $AXP

Hartford Investment Management Co. lowered its stake in shares of American Express Company (NYSE:AXP) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 31,821 shares of the payment services company’s stock after selling 1,596 shares during the period. Hartford Investment Management Co.’s holdings in American Express were worth $10,570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in American Express in the 2nd quarter valued at $1,897,335,000. Laurel Wealth Advisors LLC grew its stake in shares of American Express by 31,595.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock worth $555,666,000 after acquiring an additional 1,736,513 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of American Express by 11.1% in the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after purchasing an additional 1,349,746 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of American Express by 26.1% during the second quarter. Ameriprise Financial Inc. now owns 3,125,133 shares of the payment services company’s stock valued at $988,676,000 after purchasing an additional 646,039 shares in the last quarter. Finally, Provident Trust Co. boosted its holdings in American Express by 136.6% during the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock worth $353,740,000 after purchasing an additional 640,214 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AXP has been the subject of several analyst reports. UBS Group set a $385.00 price objective on shares of American Express in a research note on Monday, January 12th. Compass Point reaffirmed a “neutral” rating and set a $324.00 price target on shares of American Express in a research report on Monday, October 20th. Weiss Ratings upgraded American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. JPMorgan Chase & Co. reduced their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average target price of $352.59.

Key Headlines Impacting American Express

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

• Positive Sentiment: Truist trimmed its price target from $420 to $400 but kept a “buy” rating, signaling continued conviction in AmEx’s long-term earnings power and implying meaningful upside from current levels. Truist lowers AXP target but keeps buy
• Positive Sentiment: Analysis published by Kalkine notes AXP’s momentum appears stable on the NYSE Composite, which supports near-term resilience in the stock amid mixed headlines. Momentum looks stable
• Neutral Sentiment: JPMorgan lowered its price target from $385 to $375 and moved to a “neutral” rating — a modest pullback in upside expectations but not a dimming of the company’s core outlook. JPMorgan lowers AXP target
• Neutral Sentiment: A Benzinga piece summarizing analyst expectations outlines mixed views on AmEx’s medium-term growth drivers and consensus estimates; this keeps the stock sensitive to upcoming metric beats/misses (new accounts, spend trends). Analyst expectations for AXP
• Negative Sentiment: Benzinga reports that new card sign-ups have softened and an analyst reiterated a “sell” rating with a $328 target, citing weakening customer-acquisition momentum — a direct growth concern that pressured the stock. New card sign-ups losing steam
• Negative Sentiment: BTIG reaffirmed its “sell” stance with a $328 price target, reinforcing downside risk in some brokers’ view if growth/slowing account trends persist. BTIG reaffirms sell
• Negative Sentiment: Yahoo reports AmEx is weighing a move to 2 World Trade Center, which could increase long-term occupancy costs and signal higher fixed expenses; investors may view this as a potential near-term headwind to margins. Weighs 2 World Trade Center move

American Express Stock Performance

Shares of AXP opened at $352.95 on Tuesday. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.68 and a quick ratio of 1.66. The stock’s fifty day moving average price is $369.32 and its two-hundred day moving average price is $344.32. The firm has a market cap of $243.13 billion, a PE ratio of 22.93, a PEG ratio of 1.48 and a beta of 1.15.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.54 by ($0.01). The firm had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations 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 was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s dividend payout ratio is presently 21.31%.

About American Express

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.