BXM Wealth LLC Buys 30,761 Shares of American Express Company $AXP

BXM Wealth LLC grew its stake in shares of American Express Company (NYSE:AXP) by 2,172.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,177 shares of the payment services company’s stock after acquiring an additional 30,761 shares during the period. American Express accounts for 1.2% of BXM Wealth LLC’s holdings, making the stock its 24th largest position. BXM Wealth LLC’s holdings in American Express were worth $11,904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Trajan Wealth LLC increased its position in American Express by 30.9% during the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after buying an additional 5,881 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of American Express by 218.7% in the third quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after acquiring an additional 5,860 shares during the period. ZEGA Investments LLC bought a new stake in shares of American Express in the third quarter valued at about $1,080,000. Sumitomo Mitsui Financial Group Inc. grew its stake in shares of American Express by 11.7% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock valued at $27,524,000 after acquiring an additional 8,651 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of American Express by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock valued at $531,038,000 after acquiring an additional 4,080 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.0%

AXP opened at $300.23 on Monday. The stock has a market capitalization of $205.89 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.27 and a beta of 1.13. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The company has a 50-day simple moving average of $323.53 and a 200 day simple moving average of $346.02.

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 the consensus estimate of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. American Express’s quarterly revenue 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. 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. Shareholders of record on Friday, April 3rd will be given a dividend of $0.95 per share. This is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is presently 24.69%.

Analyst Upgrades and Downgrades

AXP has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Wolfe Research began coverage on shares of American Express in a report on Monday, December 8th. They set a “peer perform” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $420.00 price target on shares of American Express in a research report on Tuesday, January 6th. BTIG Research cut their price target on American Express from $328.00 to $285.00 and set a “sell” rating for the company in a research note on Monday, March 16th. Finally, Wells Fargo & Company increased their price target on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Nine research 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.com, the company presently has a consensus rating of “Hold” and an average price target of $352.95.

Insiders Place Their Bets

In other news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction on Monday, February 9th. The stock was sold at an average price of $356.58, for a total value 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 trade represents a 62.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the business’s 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 transaction, the insider directly owned 7,754 shares of the company’s stock, valued at $2,767,480.14. This trade represents a 75.10% 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 over the last ninety days. Company insiders own 0.20% of the company’s stock.

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.