Cary Street Partners Financial LLC Acquires 16,104 Shares of American Express Company $AXP

Cary Street Partners Financial LLC lifted its holdings in American Express Company (NYSE:AXP) by 68.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,662 shares of the payment services company’s stock after purchasing an additional 16,104 shares during the period. Cary Street Partners Financial LLC’s holdings in American Express were worth $13,174,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AXP. Norges Bank bought a new stake in shares of American Express during the 2nd quarter worth about $1,897,335,000. Laurel Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 1,736,513 shares during the last quarter. Geode Capital Management LLC boosted its position in American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after purchasing an additional 1,349,746 shares during the period. Ameriprise Financial Inc. grew its holdings in 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 during the last quarter. Finally, Provident Trust Co. grew 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 valued at $353,740,000 after purchasing an additional 640,214 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Down 0.3%

NYSE AXP opened at $320.17 on Wednesday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The stock has a market cap of $219.83 billion, a PE ratio of 20.80, a PEG ratio of 1.36 and a beta of 1.14. The firm has a 50-day simple moving average of $361.55 and a 200 day simple moving average of $349.17. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. During the same period last year, the company earned $3.04 EPS. The company’s revenue was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd were paid a dividend of $0.82 per share. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. American Express’s payout ratio is currently 21.31%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $425.00 price objective on shares of American Express in a report on Monday, January 12th. Truist Financial decreased their price target on shares of American Express from $420.00 to $400.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Wells Fargo & Company raised their price target on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. cut their price objective on American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $395.00 target price on American Express in a research note on Tuesday, January 20th. Nine 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, the company has an average rating of “Hold” and an average price target of $352.73.

Insider Buying and Selling at American Express

In other news, insider Ravikumar Radhakrishnan sold 15,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the transaction, the insider owned 8,945 shares in the company, valued at approximately $3,189,608.10. This represents a 62.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the transaction, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 73,944 shares of company stock worth $26,114,366. Corporate insiders own 0.20% of the company’s stock.

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.