American Express (NYSE:AXP) Insider Laureen Seeger Sells 69,860 Shares of Company Stock

American Express Company (NYSE:AXP) insider Laureen Seeger sold 69,860 shares of American Express 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 sale, the insider directly owned 9,002 shares of the company’s stock, valued at $2,954,186.34. This represents a 88.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

American Express Stock Down 0.8%

Shares of NYSE:AXP opened at $325.21 on Wednesday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The stock has a market cap of $218.07 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09. The business’s 50 day moving average is $316.78 and its 200 day moving average is $326.13. 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 (NYSE:AXP) last released its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. American Express’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.88 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be paid a dividend of $0.95 per share. 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 dividend payout ratio (DPR) is currently 21.40%.

Hedge Funds Weigh In On American Express

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. boosted its holdings in shares of American Express by 14.5% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 965 shares of the payment services company’s stock worth $294,000 after purchasing an additional 122 shares during the last quarter. Almanack Investment Partners LLC. purchased a new stake in shares of American Express in the third quarter valued at approximately $268,000. M Holdings Securities Inc. purchased a new stake in shares of American Express in the third quarter valued at approximately $1,073,000. Brighton Jones LLC increased its holdings in shares of American Express by 0.3% in the third quarter. Brighton Jones LLC now owns 14,434 shares of the payment services company’s stock valued at $4,389,000 after purchasing an additional 39 shares during the last quarter. Finally, Kimelman & Baird LLC increased its holdings in shares of American Express by 7.2% in the third quarter. Kimelman & Baird LLC now owns 11,847 shares of the payment services company’s stock valued at $3,603,000 after purchasing an additional 792 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of a number of research reports. Evercore set a $330.00 price objective on shares of American Express in a research note on Tuesday, October 27th. BMO Capital Markets began coverage on shares of American Express in a report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price target for the company. Guggenheim began coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. Piper Sandler increased their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Truist Financial cut their price objective on shares of American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $365.22.

More American Express News

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

• Positive Sentiment: American Express expanded its longstanding NBA and WNBA partnership globally, adding international fan experiences and cardmember benefits. The broader reach could strengthen customer engagement, though no financial impact was disclosed. Article: American Express, NBA and WNBA Expand Longstanding Partnership Globally
• Positive Sentiment: American Express completed its acquisition of TheFork, potentially bolstering its dining-related offerings and customer proposition. Article: American Express Completes Acquisition of TheFork
• Neutral Sentiment: UBS raised its AXP price target slightly, from $345 to $346, but maintained a neutral rating. UBS Group ratings
• Neutral Sentiment: Eligible cash-back cardholders can now deposit Reward Dollars into qualifying American Express bank accounts, adding redemption flexibility; the near-term financial effect is unclear. Article: Amex Adds a Reward Dollars Redemption Option
• Negative Sentiment: Two insiders reported substantial sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%; Laureen Seeger sold 69,860 shares, cutting her holdings by 88.59%. The transactions may weigh on sentiment, although insider sales alone do not establish a negative outlook. Anna Marrs SEC filing Laureen Seeger SEC filing

American Express Company 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.