American Express Company $AXP Shares Sold by Glenmede Investment Management LP

Glenmede Investment Management LP trimmed its stake in American Express Company (NYSE:AXP) by 3.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 297,367 shares of the payment services company’s stock after selling 10,103 shares during the quarter. Glenmede Investment Management LP’s holdings in American Express were worth $98,773,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of American Express in the 2nd quarter worth about $1,897,335,000. Laurel Wealth Advisors LLC boosted its stake in American Express by 31,595.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock valued at $555,666,000 after purchasing an additional 1,736,513 shares during the period. Ameriprise Financial Inc. grew its position in American Express by 26.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,125,133 shares of the payment services company’s stock worth $988,676,000 after purchasing an additional 646,039 shares during the last quarter. Vanguard Group Inc. grew its position in American Express by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after purchasing an additional 581,369 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of American Express by 46,746.2% in the second quarter. 1832 Asset Management L.P. now owns 542,479 shares of the payment services company’s stock valued at $173,040,000 after purchasing an additional 541,321 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.6%

American Express stock opened at $300.16 on Friday. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The stock has a market capitalization of $206.09 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The firm has a 50 day simple moving average of $344.01 and a 200-day simple moving average of $348.74.

American Express (NYSE:AXP) last announced its 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). 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 return on equity of 33.49% and a net margin of 15.00%.American Express’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts expect 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. Stockholders of record on Friday, April 3rd will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is presently 21.31%.

Insider Transactions at American Express

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the transaction, the insider directly owned 8,945 shares of the company’s stock, valued at $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Denise Pickett sold 23,385 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the completion of the sale, the insider owned 7,754 shares in the company, valued at approximately $2,767,480.14. This trade represents a 75.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 73,944 shares of company stock worth $26,114,366. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXP. TD Cowen reaffirmed a “hold” rating on shares of American Express in a report on Thursday, January 8th. Evercore set a $393.00 price objective on American Express in a report on Tuesday, February 10th. Credit Suisse Group set a $328.00 target price on American Express in a research note on Monday, January 12th. Morgan Stanley set a $395.00 price target on American Express in a research report on Tuesday, January 20th. Finally, UBS Group reissued a “neutral” rating and issued a $395.00 price target on shares of American Express in a research note on Wednesday, February 4th. Nine research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $356.90.

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.