American Express Company $AXP Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its holdings in shares of American Express Company (NYSE:AXPFree Report) by 218.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,540 shares of the payment services company’s stock after acquiring an additional 5,860 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in American Express were worth $2,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in American Express during the second quarter worth approximately $428,000. Carnegie Investment Counsel lifted its position in American Express by 18.9% in the second quarter. Carnegie Investment Counsel now owns 6,295 shares of the payment services company’s stock worth $2,008,000 after purchasing an additional 1,000 shares during the period. Finally, CVA Family Office LLC boosted its stake in American Express by 4.8% during the 2nd quarter. CVA Family Office LLC now owns 1,203 shares of the payment services company’s stock valued at $384,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP stock opened at $345.99 on Monday. American Express Company has a one year low of $220.43 and a one year high of $387.49. The firm has a 50-day moving average of $364.00 and a two-hundred day moving average of $348.82. The firm has a market capitalization of $237.56 billion, a PE ratio of 22.48, a P/E/G ratio of 1.46 and a beta of 1.14. 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:AXPGet Free Report) last released 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). American Express had a return on equity of 33.49% and a net margin of 15.00%.The firm had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. During the same period last year, the business earned $3.04 earnings per share. The business’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. On average, analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd were issued a $0.82 dividend. The ex-dividend date was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s dividend payout ratio is presently 21.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AXP shares. Credit Suisse Group set a $328.00 price objective on American Express in a research note on Monday, January 12th. Wolfe Research initiated coverage on shares of American Express in a research report on Monday, December 8th. They issued a “peer perform” rating on the stock. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. UBS Group reiterated a “neutral” rating and issued a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. cut their target price 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. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $352.73.

Read Our Latest Stock Analysis on American Express

American Express News Summary

Here are the key news stories impacting American Express this week:

Insiders Place Their Bets

In other news, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Denise Pickett sold 23,385 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 7,754 shares in the company, valued at $2,767,480.14. The trade was a 75.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 73,944 shares of company stock worth $26,114,366. 0.20% of the stock is currently owned by corporate insiders.

About American Express

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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