Hemenway Trust Co LLC Has $10.41 Million Stock Holdings in American Express Company $AXP

Hemenway Trust Co LLC lifted its stake in shares of American Express Company (NYSE:AXP) by 52.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,339 shares of the payment services company’s stock after purchasing an additional 10,749 shares during the quarter. Hemenway Trust Co LLC’s holdings in American Express were worth $10,410,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Valley Wealth Managers Inc. raised its stake in American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after buying an additional 46 shares during the period. Briaud Financial Planning Inc bought a new stake in shares of American Express during the second quarter valued at approximately $26,000. Access Investment Management LLC bought a new position in shares of American Express in the 2nd quarter worth $26,000. Manning & Napier Advisors LLC acquired a new stake in American Express in the 3rd quarter valued at $27,000. Finally, Guerra Advisors Inc bought a new stake in American Express during the 3rd quarter valued at $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the topic of a number of recent research reports. Wolfe Research started coverage on shares of American Express in a research note on Monday, December 8th. They issued a “peer perform” rating on the stock. Morgan Stanley set a $395.00 price target on shares of American Express in a research report on Tuesday, January 20th. Evercore set a $393.00 price objective on American Express in a report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating and set a $395.00 target price on shares of American Express in a research report on Wednesday, February 4th. Finally, Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. Nine 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $352.73.

Insider Activity at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the sale, the insider directly owned 8,945 shares of the company’s stock, valued at $3,189,608.10. This trade represents a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Denise Pickett sold 23,385 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total value of $8,346,340.35. Following the transaction, the insider directly owned 7,754 shares in the company, valued at $2,767,480.14. This represents a 75.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 73,944 shares of company stock worth $26,114,366. 0.20% of the stock is currently owned by company insiders.

American Express Stock Performance

Shares of American Express stock opened at $341.93 on Friday. The business’s fifty day simple moving average is $364.73 and its 200 day simple moving average is $347.76. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The firm has a market capitalization of $234.77 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

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

American Express Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd were paid a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, January 2nd. American Express’s payout ratio is presently 21.31%.

American Express Company Profile

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.