4,753 American Express Company $AXP Shares Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators lifted its position in American Express Company (NYSE:AXP) by 6.3% in the third quarter, Holdings Channel reports. The firm owned 79,703 shares of the payment services company’s stock after buying an additional 4,753 shares during the period. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in American Express were worth $24,238,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AXP. BlackRock Inc. purchased a new position in American Express during the 2nd quarter worth $14,208,662,000. State Street Corp raised its position in American Express by 40.2% during the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Bank of America Corp DE raised its position in American Express by 8.4% during the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP purchased a new stake in shares of American Express in the 2nd quarter worth $253,945,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of American Express in the 2nd quarter worth $1,263,787,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AXP. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. TD Cowen decreased their price objective on American Express from $338.00 to $335.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. Piper Sandler upped their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Royal Bank Of Canada lowered their price objective on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Barclays dropped their target price on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Express has a consensus rating of “Moderate Buy” and a consensus target price of $365.42.

Insider Transactions at American Express

In related news, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 9,002 shares in the company, valued at $2,954,186.34. This represents a 88.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Stephen Squeri sold 299,401 shares of the firm’s 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 sale, the chief executive officer directly 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. In the last three months, insiders sold 414,171 shares of company stock valued at $137,069,544. Corporate insiders own 0.14% of the company’s stock.

American Express Stock Performance

Shares of NYSE:AXP opened at $318.50 on Friday. The company has a market capitalization of $213.57 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a 50 day moving average of $315.64 and a 200 day moving average of $324.84.

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

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was 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.