Capital Research Global Investors Purchases 29,331 Shares of American Express Company $AXP

Capital Research Global Investors increased its position in American Express Company (NYSE:AXP) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,452,660 shares of the payment services company’s stock after purchasing an additional 29,331 shares during the quarter. Capital Research Global Investors owned approximately 0.65% of American Express worth $1,479,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 worth $25,000 after acquiring an additional 46 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of American Express in the 3rd quarter worth about $27,000. Guerra Advisors Inc bought a new position in American Express in the 3rd quarter worth about $28,000. Halbert Hargrove Global Advisors LLC grew its position in American Express by 210.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 59 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in American Express during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Insider Activity at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the sale, the insider directly owned 8,945 shares in the company, valued at approximately $3,189,608.10. The trade was a 62.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anna Marrs sold 27,425 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the transaction, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This trade represents a 57.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 73,944 shares of company stock valued at $26,114,366. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AXP. Wells Fargo & Company lifted their target price on shares of American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. UBS Group restated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. TD Cowen reiterated a “hold” rating on shares of American Express in a research note on Thursday, January 8th. Weiss Ratings upgraded shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Finally, Morgan Stanley set a $395.00 price target on shares of American Express in a research report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Express currently has an average rating of “Hold” and a consensus price target of $352.73.

American Express Stock Performance

NYSE:AXP opened at $305.56 on Tuesday. The stock has a 50-day moving average price of $349.51 and a 200 day moving average price of $349.60. The stock has a market capitalization of $209.80 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.27 and a beta of 1.15. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. 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 (NYSE:AXP) last posted its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share 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 business had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the previous year, the company earned $3.04 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a dividend of $0.95 per share. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is currently 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.