2Xideas AG Has $5.04 Million Stake in American Express Company $AXP

2Xideas AG reduced its holdings in American Express Company (NYSE:AXP) by 17.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,160 shares of the payment services company’s stock after selling 3,165 shares during the quarter. 2Xideas AG’s holdings in American Express were worth $5,036,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Gratus Wealth Advisors LLC boosted its stake in shares of American Express by 0.8% during the 3rd quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock worth $1,233,000 after acquiring an additional 28 shares during the period. Murphy & Mullick Capital Management Corp lifted its stake in shares of American Express by 10.0% during 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 last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of American Express by 1.0% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock worth $967,000 after buying an additional 29 shares during the period. Walkner Condon Financial Advisors LLC grew its holdings in American Express by 2.1% in 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 buying an additional 29 shares in the last quarter. Finally, Invenio Wealth Partners LLC increased its holdings in shares of American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after purchasing an additional 29 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of research analyst reports. Credit Suisse Group set a $328.00 target price on American Express in a report on Monday, January 12th. TD Cowen restated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Morgan Stanley set a $395.00 target price on American Express in a research note on Tuesday, January 20th. Evercore set a $393.00 price target on American Express in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company raised their price objective on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $356.90.

Insider Activity

In other American Express news, insider Howard Grosfield sold 8,134 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the sale, the insider owned 9,433 shares in the company, valued at $3,270,704.09. This represents a 46.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,944 shares of company stock valued at $26,114,366 in the last quarter. Insiders own 0.20% of the company’s stock.

American Express Stock Down 0.6%

AXP stock opened at $300.16 on Friday. American Express Company has a 1-year low of $220.43 and a 1-year high of $387.49. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. The stock has a market cap of $206.09 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The company’s 50 day moving average is $344.01 and its 200 day moving average is $348.74.

American Express (NYSE:AXP) last announced its quarterly earnings data 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). The firm had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. American Express’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a dividend of $0.95 per share. This is a positive change 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 annualized dividend and a yield of 1.3%. American Express’s payout ratio is currently 21.31%.

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.