Retirement Systems of Alabama Sells 2,850 Shares of American Express Company $AXP

Retirement Systems of Alabama reduced its position in American Express Company (NYSE:AXP) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 346,642 shares of the payment services company’s stock after selling 2,850 shares during the period. Retirement Systems of Alabama owned 0.05% of American Express worth $105,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Archer Investment Corp acquired a new position in shares of American Express during the second quarter valued at $25,000. Elevation Wealth Partners LLC boosted its holdings in American Express by 78.8% in the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after acquiring an additional 41 shares during the last quarter. John Boyer Inc. acquired a new stake in American Express in the third quarter worth about $29,000. Cedar Mountain Advisors LLC increased its position in 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 purchasing an additional 35 shares during the period. Finally, Frazier Financial Advisors LLC acquired a new stake in American Express in the second quarter worth about $33,000. Institutional investors own 84.33% of the company’s stock.

Trending Headlines about American Express

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

• Positive Sentiment: American Express and Fanatics introduced a co-branded credit card and added Fanatics FanCash as a Membership Rewards transfer option. The partnership could broaden AmEx’s appeal among sports fans and create another way to engage cardmembers, though the reports did not quantify the potential financial contribution. AmEx Takes Page From Trading Cards With Fanatics Deal
• Positive Sentiment: A Zacks article highlighted American Express as a long-term stock pick, supporting a favorable investment view, although it did not report a new company development. Why American Express Is a Top Stock for the Long-Term
• Neutral Sentiment: A report said American Express shares gained but lagged the broader market, indicating the stock’s session performance was weaker than the market overall. American Express Stock Rises Monday, Still Underperforms Market
• Negative Sentiment: Commentary noted that premium-card fee growth is strong, but rising rewards, benefits and marketing expenses may make it harder to convert that growth into higher profits. Can American Express Turn Premium Card Growth Into Higher Profits?

Wall Street Analyst Weigh In

Several analysts have weighed in on AXP shares. BMO Capital Markets initiated coverage on American Express in a report on Thursday, October 8th. They set an “outperform” rating and a $380.00 price objective for the company. Loop Capital reduced their target price on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Citigroup lowered their price target on shares of American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, October 27th. Truist Financial dropped their price target on shares of American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, William Blair restated an “outperform” rating on shares of American Express in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $365.22.

Insider Activity

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 value of $14,694,552.00. Following the completion of the sale, the insider directly owned 20,509 shares of the company’s stock, valued at $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 available through this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 414,171 shares of company stock valued at $137,069,544 in the last ninety days. 0.14% of the stock is owned by insiders.

American Express Stock Up 1.0%

Shares of American Express stock opened at $324.35 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The business has a fifty day simple moving average of $316.03 and a 200 day simple moving average of $325.48. The stock has a market cap of $217.49 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.40 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 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 prior year, the company posted $4.14 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. 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 EPS for the current year.

American Express Dividend Announcement

The business 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 dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s payout ratio is presently 21.40%.

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.

Stephen J.