ProShare Advisors LLC Sells 23,362 Shares of American Express Company $AXP

ProShare Advisors LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 10.1% in the third quarter, HoldingsChannel reports. The firm owned 208,208 shares of the payment services company’s stock after selling 23,362 shares during the period. ProShare Advisors LLC’s holdings in American Express were worth $69,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Valley Wealth Managers Inc. boosted its holdings in American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of American Express in the 3rd quarter valued at about $27,000. Access Investment Management LLC bought a new position in shares of American Express in the 2nd quarter valued at about $26,000. Briaud Financial Planning Inc acquired a new stake in shares of American Express during the 2nd quarter worth approximately $26,000. Finally, Guerra Advisors Inc bought a new stake in shares of American Express during the third quarter worth approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXP. Royal Bank Of Canada restated an “outperform” rating and issued a $425.00 price target on shares of American Express in a research report on Monday, January 12th. JPMorgan Chase & Co. cut their target price on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Compass Point restated a “neutral” rating and set a $324.00 target price on shares of American Express in a research report on Monday, October 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $420.00 price target on shares of American Express in a research report on Tuesday, January 6th. Finally, Credit Suisse Group set a $328.00 price objective on shares of American Express in a report on Monday, January 12th. Nine equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $353.05.

American Express Stock Performance

Shares of AXP stock opened at $359.70 on Tuesday. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The company’s fifty day simple moving average is $368.51 and its 200-day simple moving average is $346.04. The firm has a market cap of $247.78 billion, a PE ratio of 23.37, a P/E/G ratio of 1.52 and a beta of 1.14. The company has a quick ratio of 1.66, a current ratio of 1.68 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last released its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. American Express’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts expect that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 2nd will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. American Express’s payout ratio is presently 21.31%.

Insiders Place Their Bets

In other American Express news, insider Denise Pickett sold 23,385 shares of American Express stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the completion of the transaction, the insider directly owned 7,754 shares of the company’s stock, valued at $2,767,480.14. The trade was a 75.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Anna Marrs sold 27,425 shares of American Express stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the sale, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. The trade was a 57.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

About American Express

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.