Delaney Dennis R Buys 1,611 Shares of American Express Company $AXP

Delaney Dennis R boosted its stake in shares of American Express Company (NYSE:AXP) by 45.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,153 shares of the payment services company’s stock after buying an additional 1,611 shares during the period. Delaney Dennis R’s holdings in American Express were worth $1,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valley Wealth Managers Inc. increased its position in shares of American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in American Express during the 3rd quarter valued at $27,000. Access Investment Management LLC purchased a new position in shares of American Express in the second quarter worth $26,000. Briaud Financial Planning Inc bought a new position in shares of American Express during the second quarter valued at $26,000. Finally, Guerra Advisors Inc bought a new position in shares of American Express during the third quarter valued at $28,000. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

AXP stock opened at $341.93 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The company’s fifty day moving average price is $364.73 and its 200-day moving average price is $347.76. American Express Company has a one year low of $220.43 and a one year high of $387.49. The company has a market capitalization of $234.77 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

American Express (NYSE:AXP) last posted its earnings results 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). The company had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Dividend Announcement

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

Insider Transactions at American Express

In other American Express news, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the sale, the insider owned 9,433 shares of the company’s stock, valued at $3,270,704.09. The trade was a 46.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 value of $5,348,700.00. Following the sale, the insider directly owned 8,945 shares in the company, valued at $3,189,608.10. This trade represents a 62.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 73,944 shares of company stock worth $26,114,366. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Wolfe Research assumed coverage on American Express in a report on Monday, December 8th. They issued a “peer perform” rating on the stock. Wells Fargo & Company boosted their price objective on shares of American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 17th. Wall Street Zen cut American Express from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $420.00 target price on shares of American Express in a research note on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $352.73.

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.