SteelPeak Wealth LLC Has $1.08 Million Stock Position in American Express Company $AXP

SteelPeak Wealth LLC lowered its stake in shares of American Express Company (NYSE:AXP) by 86.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,909 shares of the payment services company’s stock after selling 19,306 shares during the quarter. SteelPeak Wealth LLC’s holdings in American Express were worth $1,076,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Trajan Wealth LLC raised its holdings in American Express by 30.9% during the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after purchasing an additional 5,881 shares during the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of American Express by 218.7% in 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 during the last quarter. ZEGA Investments LLC acquired a new stake in shares of American Express during the 3rd quarter worth approximately $1,080,000. Sumitomo Mitsui Financial Group Inc. grew its position in shares of American Express by 11.7% during the 3rd 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 period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of American Express by 0.3% during 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 buying an additional 4,080 shares during the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AXP. BTIG Research cut their price objective on shares of American Express from $328.00 to $285.00 and set a “sell” rating on the stock in a report on Monday, March 16th. Morgan Stanley set a $395.00 target price on shares of American Express in a research report on Tuesday, January 20th. TD Cowen reissued a “hold” rating on shares of American Express in a research note on Thursday, January 8th. Wells Fargo & Company raised their price target on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Finally, Wolfe Research assumed coverage on American Express in a report on Monday, December 8th. They issued a “peer perform” rating for the company. Nine 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $352.95.

American Express Stock Up 0.0%

Shares of NYSE AXP opened at $300.23 on Monday. American Express Company has a 52-week low of $220.43 and a 52-week high of $387.49. 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 $205.89 billion, a P/E ratio of 19.51, a P/E/G ratio of 1.27 and a beta of 1.13. The firm has a 50 day moving average price of $323.53 and a 200 day moving average price of $346.02.

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). 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 analyst estimates of $18.91 billion. During the same quarter last year, the business posted $3.04 earnings per share. The company’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. Analysts expect that American Express Company will post 15.33 EPS for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be issued 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 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio is presently 24.69%.

Insiders Place Their Bets

In other American Express news, insider Anna Marrs sold 27,425 shares of the stock in a transaction dated 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 directly owned 20,394 shares in the company, valued at $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise Pickett sold 23,385 shares of American Express stock in a transaction dated 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 owned 7,754 shares in the company, valued at $2,767,480.14. This trade represents a 75.10% 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 valued at $26,114,366 in the last three months. 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.