American Express Company $AXP Stock: Private Advisory Group LLC Increases Holdings

Private Advisory Group LLC increased its position in shares of American Express Company (NYSE:AXP) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,668 shares of the payment services company’s stock after buying an additional 2,470 shares during the quarter. Private Advisory Group LLC’s holdings in American Express were worth $12,367,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in American Express in the second quarter worth approximately $14,208,662,000. State Street Corp increased its stake in American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after acquiring an additional 11,739,541 shares during the last quarter. Corient Private Wealth LP purchased a new stake in American Express in the second quarter valued at $253,945,000. Bank of New York Mellon Corp purchased a new stake in American Express in the second quarter valued at $1,263,787,000. Finally, Legal & General Group Plc purchased a new stake in American Express in the second quarter valued at $1,138,054,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Stock Down 1.4%

American Express stock opened at $318.50 on Friday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a 50 day moving average price of $315.64 and a 200 day moving average price of $324.84. The company has a market capitalization of $213.57 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09.

American Express (NYSE:AXP) last announced its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.50 by $0.18. American Express had a return on equity of 34.19% and a net margin of 15.80%. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. During the same quarter in the previous year, the company earned $4.14 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Research analysts expect that American Express Company will post 17.98 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th were paid a $0.95 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio is presently 21.40%.

Analysts Set New Price Targets

AXP has been the topic of several recent analyst reports. Evercore set a $330.00 price target on American Express in a research note on Tuesday, October 27th. Morgan Stanley cut their price objective on American Express from $382.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Loop Capital reduced their price objective on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a report on Monday, July 27th. TD Cowen decreased their target price on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $330.00 target price on shares of American Express in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.42.

Insider Activity

In related news, CEO Stephen Squeri sold 299,401 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total value of $99,449,036.16. Following the sale, the chief executive officer owned 60,567 shares in the company, valued at approximately $20,117,934.72. The trade was a 83.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anna Marrs sold 44,910 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the completion of the sale, the insider owned 20,509 shares in the company, valued at $6,710,544.80. This represents a 68.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 414,171 shares of company stock valued at $137,069,544. 0.14% of the stock is currently owned by corporate insiders.

About American Express

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.