ARQ Wealth Advisors LLC Takes $809,000 Position in American Express Company $AXP

ARQ Wealth Advisors LLC bought a new position in shares of American Express Company (NYSE:AXP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,436 shares of the payment services company’s stock, valued at approximately $809,000.

A number of other large investors have also recently bought and sold shares of AXP. Valley Wealth Managers Inc. raised its stake in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after acquiring an additional 46 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of American Express in the 3rd quarter valued at $27,000. Guerra Advisors Inc bought a new stake in shares of American Express in the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of American Express in the 3rd quarter worth about $28,000. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of American Express by 210.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after purchasing an additional 59 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Express news, insider Anna Marrs sold 27,425 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denise Pickett sold 23,385 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. This trade represents a 75.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 73,944 shares of company stock valued at $26,114,366 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

American Express Price Performance

Shares of NYSE AXP opened at $300.16 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The company has a market capitalization of $206.09 billion, a PE ratio of 19.50, a P/E/G ratio of 1.26 and a beta of 1.15. The firm has a fifty day simple moving average of $340.70 and a 200 day simple moving average of $348.70. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49.

American Express (NYSE:AXPGet Free Report) last posted 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). American Express had a return on equity of 33.49% and a net margin of 15.00%.The business had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same period last year, the business posted $3.04 earnings per share. The business’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, sell-side analysts forecast that American Express Company will post 15.33 EPS for the current year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.3%. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express’s payout ratio is presently 24.69%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AXP shares. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating and set a $395.00 price objective on shares of American Express in a report on Wednesday, February 4th. Morgan Stanley set a $395.00 target price on shares of American Express in a research note on Tuesday, January 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of American Express in a report on Monday. Finally, Barclays increased their price target on American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $354.86.

Check Out Our Latest Stock Analysis on American Express

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About American Express

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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