Wealthfront Advisers LLC Has $27.63 Million Position in American Express Company $AXP

Wealthfront Advisers LLC raised its stake in American Express Company (NYSE:AXP) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,170 shares of the payment services company’s stock after acquiring an additional 2,112 shares during the period. Wealthfront Advisers LLC’s holdings in American Express were worth $27,626,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AXP. Vanguard Group Inc. raised its stake in American Express by 1.3% during the second quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after buying an additional 581,369 shares during the last quarter. Geode Capital Management LLC grew its stake in American Express by 11.1% during the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after purchasing an additional 1,349,746 shares during the period. Norges Bank bought a new stake in American Express in the second quarter worth approximately $1,897,335,000. Artisan Partners Limited Partnership lifted its stake in American Express by 3.0% in the second quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock valued at $1,473,966,000 after buying an additional 133,439 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of American Express by 13.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after buying an additional 530,967 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Trading Up 0.2%

NYSE AXP opened at $359.70 on Tuesday. The business’s fifty day moving average is $368.51 and its 200-day moving average is $346.04. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.68 and a quick ratio of 1.66. The stock has a market capitalization of $247.78 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.52 and a beta of 1.14. American Express Company has a one year low of $220.43 and a one year high of $387.49.

American Express (NYSE:AXP) last released its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. During the same period in the prior year, the company earned $3.04 earnings per share. The firm’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. Equities research analysts predict that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be given a $0.82 dividend. The ex-dividend date is Friday, January 2nd. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. American Express’s payout ratio is 21.31%.

Insiders Place Their Bets

In related news, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the transaction, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. The trade was a 57.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denise Pickett sold 23,385 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 7,754 shares in the company, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXP. BTIG Research restated a “sell” rating and issued a $328.00 price target on shares of American Express in a report on Monday, February 2nd. Compass Point reaffirmed a “neutral” rating and issued a $324.00 price objective on shares of American Express in a research note on Monday, October 20th. Evercore set a $400.00 target price on shares of American Express in a research report on Tuesday, January 6th. Wolfe Research began coverage on shares of American Express in a research report on Monday, December 8th. They issued a “peer perform” rating on the stock. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $420.00 price objective on shares of American Express in a report on Tuesday, January 6th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $353.05.

American Express 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.