American Express Company $AXP Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its position in shares of American Express Company (NYSE:AXP) by 30.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,793 shares of the payment services company’s stock after acquiring an additional 1,598 shares during the period. Axxcess Wealth Management LLC’s holdings in American Express were worth $2,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gratus Wealth Advisors LLC lifted its holdings 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 buying an additional 28 shares during the last quarter. Murphy & Mullick Capital Management Corp lifted its stake in American Express by 10.0% during the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after purchasing an additional 28 shares during the last quarter. McGlone Suttner Wealth Management Inc. boosted its holdings in American Express by 1.0% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock valued at $967,000 after purchasing an additional 29 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its stake in American Express by 2.1% in the third quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock valued at $458,000 after purchasing an additional 29 shares during the last quarter. Finally, Sandy Cove Advisors LLC raised its holdings in American Express by 2.1% during the third quarter. Sandy Cove Advisors LLC now owns 1,462 shares of the payment services company’s stock worth $485,000 after purchasing an additional 30 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research reports. Wolfe Research began coverage on shares of American Express in a research report on Monday, December 8th. They set a “peer perform” rating on the stock. Barclays raised their price objective on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $420.00 target price on shares of American Express in a report on Tuesday, January 6th. JPMorgan Chase & Co. lowered their price target on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, TD Cowen reaffirmed a “hold” rating on shares of American Express in a research report on Thursday, January 8th. 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $352.73.

Insider Activity at American Express

In other news, insider Anna Marrs sold 27,425 shares of American Express 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 sale, the insider directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. This trade represents a 57.35% 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 Denise Pickett sold 23,385 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the transaction, the insider directly owned 7,754 shares of the company’s stock, valued at $2,767,480.14. The trade was a 75.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders 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 $341.93 on Friday. The stock has a market capitalization of $234.77 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.46 and a beta of 1.14. The business’s 50 day moving average is $364.73 and its two-hundred day moving average is $347.76. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. 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 announced its quarterly earnings data 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 return on equity of 33.49% and a net margin of 15.00%.The business had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. During the same period in the prior year, the company earned $3.04 EPS. The company’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. Research analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd were given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, January 2nd. American Express’s dividend payout ratio is presently 21.31%.

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.