American Express Company $AXP Shares Sold by Legacy Financial Independent Advisors LLC

Legacy Financial Independent Advisors LLC lessened its stake in shares of American Express Company (NYSE:AXP) by 22.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,460 shares of the payment services company’s stock after selling 2,993 shares during the quarter. American Express comprises about 1.6% of Legacy Financial Independent Advisors LLC’s portfolio, making the stock its 22nd largest holding. Legacy Financial Independent Advisors LLC’s holdings in American Express were worth $3,181,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in American Express in the 2nd quarter valued at about $14,208,662,000. State Street Corp lifted its position 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. Bank of America Corp DE lifted its position in American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after acquiring an additional 614,981 shares during the last quarter. Corient Private Wealth LP boosted its holdings in shares of American Express by 492.2% during the second quarter. Corient Private Wealth LP now owns 4,771,292 shares of the payment services company’s stock worth $1,613,890,000 after acquiring an additional 3,965,582 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of American Express during the second quarter worth approximately $1,263,787,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AXP shares. BMO Capital Markets initiated coverage on American Express in a research report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Evercore set a $330.00 price target on American Express in a research note on Tuesday, October 27th. Morgan Stanley decreased their price objective on American Express from $382.00 to $380.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Finally, Benchmark assumed coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.22.

American Express Price Performance

Shares of NYSE AXP opened at $324.95 on Friday. The business has a fifty day moving average price of $316.48 and a two-hundred day moving average price of $325.81. The stock has a market capitalization of $217.90 billion, a PE ratio of 18.30, a P/E/G ratio of 1.40 and a beta of 1.09. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 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 business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. During the same quarter in the previous year, the firm earned $4.14 earnings per share. American Express’s revenue for the quarter 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. As a group, equities analysts predict that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Announces Dividend

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

American Express News Summary

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

• Positive Sentiment: American Express expanded its NBA, WNBA and USA Basketball partnerships with international cardmember experiences and benefits, which could support customer engagement and brand loyalty. Article: American Express Brings Global Basketball Perks to Cardholders
• Positive Sentiment: An October partnership with Airbnb adds more than one million listings to Amex Travel for eligible U.S. cardmembers, potentially enhancing the appeal of its travel platform. Article: Airbnb Stock in Focus After Amex Deal
• Neutral Sentiment: A recent comparison asks whether AXP or Virtu Financial is the better value stock, but the available summary provides no specific valuation conclusion or new company catalyst. Article: VIRT or AXP: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Insiders Anna Marrs and Laureen Seeger disclosed sizable stock sales. Such transactions can weigh on sentiment, though they do not necessarily signal a change in business outlook. Article: American Express Insider Anna Marrs Sells Shares Article: American Express Insider Laureen Seeger Sells Shares
• Negative Sentiment: Macro concerns are cited as the broader issue behind selling, alongside a report highlighting job cuts. A separate warning from investor Bill Ackman about corporate-spending fintech Ramp adds to concerns about competition, although the article notes analysts still expect AXP to grow earnings and revenue. Article: Amex Stock Slides on Job Cuts, but the Real Story Is Macro Article: American Express Draws Bill Ackman’s Warning

Insider Activity at American Express

In other news, insider Anna Marrs sold 44,910 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the sale, the insider owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. This represents a 68.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the sale, the insider owned 9,002 shares in the company, valued at $2,954,186.34. This represents a 88.59% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by insiders.

American Express Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.