American Express Company $AXP Shares Sold by Waycross Partners LLC

Waycross Partners LLC lowered its holdings in American Express Company (NYSE:AXP) by 96.0% in the third quarter, HoldingsChannel reports. The firm owned 1,285 shares of the payment services company’s stock after selling 30,759 shares during the quarter. Waycross Partners LLC’s holdings in American Express were worth $391,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC lifted its holdings in American Express by 0.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock worth $1,379,000 after buying an additional 34 shares in the last quarter. Valmark Advisers Inc. grew its stake in shares of American Express by 1.9% in the first quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company’s stock worth $568,000 after acquiring an additional 35 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in shares of American Express by 58.3% in the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after acquiring an additional 35 shares in the last quarter. Consilium Wealth Advisory LLC increased its position in shares of American Express by 4.6% during the third quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock worth $241,000 after acquiring an additional 35 shares during the period. Finally, Gryphon Financial Partners LLC increased its position in shares of American Express by 1.5% during the first quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock worth $753,000 after acquiring an additional 36 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about American Express

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

• Positive Sentiment: American Express has reduced its share count by 27% since 2016, while diluted earnings per share increased 352% from Q3 2016 to the latest quarter. The article credits its premium brand and network advantages—long-term strengths that have helped shareholders, rather than a new near-term development. Article: American Express Has Cut Its Share Count by 27% Since 2016
• Positive Sentiment: ETFs recorded $41.8 million in net purchases of AXP shares on Nov. 4, providing a modest signal of institutional demand. Article: American Express Sees $41.8 Million in Net ETF Buying
• Negative Sentiment: A report says American Express insider Laureen Seeger sold 69,860 shares. Insider sales can weigh on sentiment, although the provided report does not give context for the transaction. Article: Insider Laureen Seeger Sells 69,860 Shares
• Negative Sentiment: AXP also had a notable decline in the prior session, but the cited coverage does not specify what drove the move. This recent weakness may be weighing on near-term sentiment. Article: American Express Drops 3.5%

American Express Stock Down 1.2%

Shares of NYSE:AXP traded down $3.95 during trading hours on Friday, reaching $321.02. The stock had a trading volume of 2,932,179 shares, compared to its average volume of 3,071,100. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm’s 50 day moving average is $316.22 and its 200-day moving average is $325.65. 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 stock has a market capitalization of $215.26 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.39 and a beta of 1.09.

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

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 21.40%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AXP. Royal Bank Of Canada reduced their price objective on American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Barclays lowered their target price on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a research note on Monday, October 26th. BTIG Research cut their price target on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a report on Monday, September 7th. Morgan Stanley reduced their price target on American Express from $382.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Finally, Loop Capital decreased their price objective on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $365.22.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 44,910 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen J. Squeri sold 299,401 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $332.16, for a total value of $99,449,036.16. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 414,171 shares of company stock worth $137,069,544 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

American Express Company Profile

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.

Stephen J.