Trajan Wealth LLC Acquires 5,881 Shares of American Express Company $AXP

Trajan Wealth LLC grew its holdings in shares of American Express Company (NYSE:AXP) by 30.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,901 shares of the payment services company’s stock after acquiring an additional 5,881 shares during the quarter. Trajan Wealth LLC’s holdings in American Express were worth $8,271,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Valley Wealth Managers Inc. raised its position in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the period. Access Investment Management LLC bought a new position in shares of American Express during the second quarter valued at about $26,000. Manning & Napier Advisors LLC bought a new position in shares of American Express during the third quarter valued at about $27,000. Guerra Advisors Inc purchased a new position in shares of American Express in the third quarter worth about $28,000. Finally, Halbert Hargrove Global Advisors LLC lifted its stake in shares of American Express by 210.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after acquiring an additional 59 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Insider Transactions at American Express

In other American Express news, insider Anna Marrs sold 27,425 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the transaction, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Howard Grosfield sold 8,134 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total transaction of $2,820,301.82. Following the sale, the insider owned 9,433 shares in the company, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 73,944 shares of company stock worth $26,114,366 over the last 90 days. 0.20% of the stock is currently owned by insiders.

American Express Stock Performance

NYSE:AXP opened at $345.99 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The firm’s fifty day simple moving average is $364.00 and its 200 day simple moving average is $348.82. The stock has a market cap of $237.56 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49.

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

American Express Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen restated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Barclays increased their price objective on American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Morgan Stanley set a $395.00 target price on shares of American Express in a report on Tuesday, January 20th. BTIG Research reiterated a “sell” rating and set a $328.00 price target on shares of American Express in a report on Monday, February 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $420.00 price target on shares of American Express in a report on Tuesday, January 6th. Nine research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $352.73.

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.