American Express Company $AXP Position Increased by Avanza Fonder AB

Avanza Fonder AB boosted its holdings in American Express Company (NYSE:AXP) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,782 shares of the payment services company’s stock after buying an additional 1,898 shares during the quarter. Avanza Fonder AB’s holdings in American Express were worth $15,457,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AXP. Trajan Wealth LLC lifted its stake in American Express by 30.9% in the third quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after acquiring an additional 5,881 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of American Express by 218.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after purchasing an additional 5,860 shares in the last quarter. ZEGA Investments LLC bought a new position in shares of American Express during the 3rd quarter valued at $1,080,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in American Express by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock worth $531,038,000 after purchasing an additional 4,080 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. increased its position in American Express by 11.7% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock worth $27,524,000 after buying an additional 8,651 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of several recent research reports. Truist Financial cut their target price on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 29th. Barclays raised their price objective on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group restated a “buy” rating and issued a $420.00 target price on shares of American Express in a report on Tuesday, January 6th. Finally, TD Cowen reaffirmed a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Express currently has a consensus rating of “Hold” and a consensus target price of $352.95.

American Express Stock Up 2.2%

NYSE AXP opened at $301.87 on Tuesday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The stock has a market cap of $207.27 billion, a PE ratio of 19.61, a PEG ratio of 1.25 and a beta of 1.15. The firm has a 50-day simple moving average of $334.49 and a 200 day simple moving average of $347.78. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59.

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

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be given a dividend of $0.95 per share. This is a boost from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is presently 21.31%.

Insider Transactions at American Express

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 8,945 shares in the company, valued at approximately $3,189,608.10. This represents a 62.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 7,754 shares of the company’s stock, valued at approximately $2,767,480.14. This trade represents a 75.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 73,944 shares of company stock valued at $26,114,366. Company insiders own 0.20% of the company’s stock.

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.