Broderick Brian C Boosts Stock Position in American Express Company $AXP

Broderick Brian C increased its stake in American Express Company (NYSE:AXP) by 25.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,357 shares of the payment services company’s stock after acquiring an additional 1,489 shares during the period. Broderick Brian C’s holdings in American Express were worth $2,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elefante Mark B increased its holdings in shares of American Express by 72.8% in the 3rd quarter. Elefante Mark B now owns 4,508 shares of the payment services company’s stock valued at $1,497,000 after acquiring an additional 1,899 shares during the last quarter. Delaney Dennis R increased its stake in American Express by 45.5% in the third quarter. Delaney Dennis R now owns 5,153 shares of the payment services company’s stock valued at $1,712,000 after purchasing an additional 1,611 shares during the last quarter. D Orazio & Associates Inc. raised its holdings in American Express by 4.8% during the third quarter. D Orazio & Associates Inc. now owns 1,136 shares of the payment services company’s stock worth $377,000 after purchasing an additional 52 shares in the last quarter. Somerville Kurt F lifted its position in shares of American Express by 46.5% during the 3rd quarter. Somerville Kurt F now owns 17,914 shares of the payment services company’s stock worth $5,950,000 after buying an additional 5,684 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of American Express by 69.8% in the 3rd quarter. Fiera Capital Corp now owns 117,555 shares of the payment services company’s stock valued at $39,047,000 after buying an additional 48,343 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on AXP. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $425.00 price objective on shares of American Express in a report on Monday, January 12th. Wells Fargo & Company boosted their price objective on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Wolfe Research began coverage on shares of American Express in a research report on Monday, December 8th. They issued a “peer perform” rating for the company. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, 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. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Express presently has a consensus rating of “Hold” and an average target price of $352.73.

American Express Stock Performance

Shares of AXP stock opened at $341.93 on Friday. The stock has a fifty day moving average price of $364.73 and a 200 day moving average price of $347.76. 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 stock has a market cap of $234.77 billion, a PE ratio of 22.22, a P/E/G ratio of 1.46 and a beta of 1.14. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. American Express’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Insider Buying and Selling at American Express

In other news, insider Denise Pickett sold 23,385 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider owned 7,754 shares of the company’s stock, valued at $2,767,480.14. This represents a 75.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the insider owned 20,394 shares in the company, 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. Insiders sold a total of 73,944 shares of company stock worth $26,114,366 in the last quarter. Company insiders own 0.20% of the company’s stock.

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.