American Express Company $AXP Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in American Express Company (NYSE:AXP) by 27.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,970,416 shares of the payment services company’s stock after acquiring an additional 845,283 shares during the quarter. Ameriprise Financial Inc. owned 0.58% of American Express worth $1,310,515,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AXP. Vanguard Group Inc. grew its position in shares of American Express by 1.3% in the second quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock valued at $14,808,730,000 after purchasing an additional 581,369 shares during the period. Fisher Asset Management LLC raised its position in shares of American Express by 1.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock worth $2,950,095,000 after purchasing an additional 146,586 shares during the last quarter. Norges Bank purchased a new position in American Express in the 2nd quarter valued at about $1,897,335,000. Capital World Investors boosted its holdings in American Express by 0.5% in the 3rd quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock worth $1,701,435,000 after buying an additional 24,297 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its stake in American Express by 3.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after buying an additional 133,439 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXP. The Goldman Sachs Group restated a “buy” rating and issued a $420.00 target price on shares of American Express in a research report on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of American Express in a research note on Thursday, January 8th. BTIG Research reiterated a “sell” rating and issued a $328.00 target price on shares of American Express in a research report on Monday, February 2nd. Wolfe Research started coverage on shares of American Express in a research report on Monday, December 8th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company increased their price objective on shares of American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a report 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 data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average price target of $356.90.

Insiders Place Their Bets

In other American Express news, insider Denise Pickett sold 23,385 shares of American Express stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the sale, the insider owned 7,754 shares in the company, valued at $2,767,480.14. The trade was a 75.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the company’s 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 directly owned 8,945 shares in the company, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 73,944 shares of company stock worth $26,114,366 in the last three months. 0.20% of the stock is owned by insiders.

American Express Trading Down 0.6%

Shares of AXP stock opened at $300.16 on Friday. 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 $206.09 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.27 and a beta of 1.14. The company’s 50-day moving average price is $344.01 and its 200-day moving average price is $348.94. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The firm had revenue of ($17,139.00) million for 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%.American Express’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm 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 $0.95 dividend. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a yield of 1.3%. American Express’s dividend payout ratio (DPR) is currently 24.69%.

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.