Teamwork Financial Advisors LLC Sells 5,534 Shares of American Express Company $AXP

Teamwork Financial Advisors LLC cut its holdings in American Express Company (NYSE:AXP) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,581 shares of the payment services company’s stock after selling 5,534 shares during the quarter. American Express comprises 1.5% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 26th largest position. Teamwork Financial Advisors LLC’s holdings in American Express were worth $14,643,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valley Wealth Managers Inc. grew its stake in shares of American Express by 153.3% during the third 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. Manning & Napier Advisors LLC bought a new position in American Express during the third quarter worth about $27,000. Guerra Advisors Inc acquired a new position in shares of American Express during the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the 3rd quarter worth about $28,000. Finally, Halbert Hargrove Global Advisors LLC increased 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. Institutional investors own 84.33% of the company’s stock.

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Insider Buying and Selling at American Express

In other news, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the sale, the insider directly 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $9,599,024.25. Following the transaction, the insider owned 20,394 shares of the company’s stock, valued at $7,138,103.94. The trade was a 57.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 73,944 shares of company stock valued at $26,114,366 over the last quarter. Insiders own 0.20% of the company’s stock.

American Express Stock Down 0.1%

American Express stock opened at $294.76 on Monday. The company has a 50 day moving average of $335.64 and a 200-day moving average of $347.98. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The stock has a market capitalization of $202.38 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.15.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to analyst estimates of $18.91 billion. American Express had a return on equity of 33.49% and a net margin of 15.00%.The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AXP shares. Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, December 29th. Wells Fargo & Company upped their target price on shares of American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Evercore set a $393.00 price target on shares of American Express in a research report on Tuesday, February 10th. Barclays boosted their price target on shares of American Express from $355.00 to $367.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $354.86.

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American Express Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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