Invesco Ltd. Decreases Holdings in American Express Company $AXP

Invesco Ltd. reduced its position in American Express Company (NYSE:AXP) by 23.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,085,700 shares of the payment services company’s stock after selling 931,393 shares during the period. Invesco Ltd. owned about 0.45% of American Express worth $1,024,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXP. Valley Wealth Managers Inc. grew 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 purchasing an additional 46 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of American Express during the 3rd quarter worth $27,000. Guerra Advisors Inc purchased a new stake in shares of American Express in the 3rd quarter worth about $28,000. Halbert Hargrove Global Advisors LLC boosted its position 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 worth $29,000 after buying an additional 59 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in American Express in the 3rd quarter valued at about $34,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on AXP shares. Morgan Stanley set a $395.00 target price on shares of American Express in a report on Tuesday, January 20th. Barclays raised their price objective on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Truist Financial cut their price objective on American Express from $420.00 to $400.00 and set a “buy” rating for the company in a research report on Monday, February 2nd. Evercore set a $393.00 target price on American Express in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $420.00 price target on shares of American Express in a research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $352.73.

Insiders Place Their Bets

In related news, insider Anna Marrs sold 27,425 shares of the company’s 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 directly 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 SEC, which can be accessed through the SEC website. Also, insider Howard Grosfield sold 8,134 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the transaction, the insider owned 9,433 shares in the company, valued at $3,270,704.09. This trade represents a 46.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,944 shares of company stock worth $26,114,366 over the last ninety days. Company insiders own 0.20% of the company’s stock.

American Express Stock Performance

Shares of NYSE AXP opened at $301.69 on Friday. The company has a 50-day simple moving average of $345.46 and a 200-day simple moving average of $348.85. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The company has a market cap of $207.14 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.30 and a beta of 1.14. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings data 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). American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. During the same period in the previous year, the company posted $3.04 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is currently 21.31%.

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.