American Express Company $AXP Stock Position Decreased by Banque Pictet & Cie SA

Banque Pictet & Cie SA decreased its position in American Express Company (NYSE:AXP) by 30.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,141 shares of the payment services company’s stock after selling 3,972 shares during the quarter. Banque Pictet & Cie SA’s holdings in American Express were worth $3,382,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Gratus Wealth Advisors LLC grew its position in 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 last quarter. Murphy & Mullick Capital Management Corp lifted its position in American Express by 10.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock valued at $105,000 after purchasing an additional 28 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in shares of American Express by 2.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock valued at $465,000 after purchasing an additional 28 shares during the period. Lantz Financial LLC increased its stake in shares of American Express by 3.6% in the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock worth $299,000 after buying an additional 28 shares during the period. Finally, McGlone Suttner Wealth Management Inc. raised its holdings in 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 valued at $967,000 after buying an additional 29 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several analyst reports. Credit Suisse Group set a $328.00 price target on shares of American Express in a research report on Monday, January 12th. Weiss Ratings restated a “buy (b-)” rating on shares of American Express in a research report on Friday, March 27th. TD Cowen reiterated a “hold” rating on shares of American Express in a report on Thursday, January 8th. Evercore set a $393.00 target price on American Express in a research note on Tuesday, February 10th. Finally, Wells Fargo & Company boosted their price target on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $352.95.

Insider Activity at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the company’s stock in a transaction that occurred on 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 owned 8,945 shares in the company, valued at approximately $3,189,608.10. This represents a 62.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $9,599,024.25. Following the completion of the transaction, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This represents a 57.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 73,944 shares of company stock valued at $26,114,366. 0.20% of the stock is currently owned by corporate insiders.

American Express Stock Performance

NYSE:AXP opened at $300.23 on Friday. 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 firm’s fifty day simple moving average is $324.76 and its 200 day simple moving average is $346.01. The stock has a market cap of $205.89 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.27 and a beta of 1.13. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49.

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

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors 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 is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a yield of 1.3%. American Express’s payout ratio is currently 21.31%.

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.