Allspring Global Investments Holdings LLC Buys 2,576 Shares of American Express Company $AXP

Allspring Global Investments Holdings LLC lifted its position in American Express Company (NYSE:AXP) by 4.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 66,214 shares of the payment services company’s stock after purchasing an additional 2,576 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in American Express were worth $24,680,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AXP. Fisher Asset Management LLC grew its holdings in shares of American Express by 1.7% during the third quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock worth $2,950,095,000 after purchasing an additional 146,586 shares during the last quarter. Capital World Investors grew its stake in shares of American Express by 0.5% during the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after purchasing an additional 24,297 shares during the last quarter. Capital Research Global Investors grew its stake in shares of American Express by 0.7% during the third quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock valued at $1,479,019,000 after purchasing an additional 29,331 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of American Express by 13.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock valued at $1,385,188,000 after purchasing an additional 530,967 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after purchasing an additional 845,283 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $300.23 on Friday. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The company’s fifty day simple moving average is $323.53 and its 200-day simple moving average is $345.82. The firm has a market cap of $205.89 billion, a PE ratio of 19.51, a P/E/G ratio of 1.27 and a beta of 1.13. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last released its earnings results 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 net margin of 15.00% and a return on equity of 33.49%. The business had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same period last year, the business posted $3.04 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, April 2nd. This is a boost from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a yield of 1.3%. American Express’s dividend payout ratio is currently 24.69%.

Analyst Ratings Changes

AXP has been the topic of several research reports. Wells Fargo & Company upped their price objective on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. TD Cowen restated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Truist Financial cut their price target on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Barclays raised their price target on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, BTIG Research lowered their price objective on American Express from $328.00 to $285.00 and set a “sell” rating for the company in a research report on Monday, March 16th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $352.95.

Insider Buying and Selling

In related news, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. The trade was a 57.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction 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 three months, insiders sold 73,944 shares of company stock valued at $26,114,366. 0.20% of the stock is currently owned by company insiders.

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.