American Express Company $AXP Stock Position Lessened by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC cut its position in shares of American Express Company (NYSE:AXP) by 38.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,818 shares of the payment services company’s stock after selling 8,470 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in American Express were worth $4,202,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in American Express in the second quarter worth approximately $14,208,662,000. State Street Corp raised its stake in shares of American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after acquiring an additional 11,739,541 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of American Express during the second quarter worth approximately $253,945,000. Bank of New York Mellon Corp purchased a new position in shares of American Express during the second quarter worth approximately $1,263,787,000. Finally, Legal & General Group Plc bought a new stake in shares of American Express in the 2nd quarter worth approximately $1,138,054,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Price Performance

Shares of American Express stock opened at $325.21 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The business’s 50 day simple moving average is $316.78 and its two-hundred day simple moving average is $326.13. The stock has a market capitalization 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. American Express Company has a one year low of $290.97 and a one year high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.18. The firm had revenue of $20.06 billion during 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%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Analysts forecast that American Express Company will post 17.88 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is presently 21.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. President Capital upped their price objective on shares of American Express from $359.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. HSBC increased their target price on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada decreased their target price on shares of American Express from $415.00 to $400.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Guggenheim started coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Finally, Loop Capital cut their price target on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.22.

Insiders Place Their Bets

In other American Express news, insider Laureen Seeger sold 69,860 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total value of $22,925,956.20. Following the sale, the insider owned 9,002 shares of the company’s stock, valued at $2,954,186.34. This trade represents a 88.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anna Marrs sold 44,910 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the transaction, the insider owned 20,509 shares in the company, valued at $6,710,544.80. The trade was a 68.65% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

American Express News Summary

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

About American Express

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.