2,000 American Express Company $AXP Shares Sold by Searle & CO.

Searle & CO. reduced its holdings in shares of American Express Company (NYSE:AXP) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,714 shares of the payment services company’s stock after selling 2,000 shares during the quarter. American Express makes up 2.8% of Searle & CO.’s investment portfolio, making the stock its 5th biggest holding. Searle & CO.’s holdings in American Express were worth $12,077,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Flputnam Investment Management Co. purchased a new position in shares of American Express during the second quarter worth about $12,879,000. State Street Corp increased its position 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 purchasing an additional 11,739,541 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of American Express during the second quarter worth about $5,172,000. Silicon Valley Capital Partners lifted its holdings in shares of American Express by 14.9% in the 2nd quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock valued at $14,030,000 after purchasing an additional 5,365 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of American Express in the 2nd quarter valued at about $11,642,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BMO Capital Markets began coverage on American Express in a research report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price target for the company. Jefferies Financial Group reiterated a “hold” rating and set a $330.00 target price on shares of American Express in a report on Friday, October 23rd. UBS Group increased their target price on shares of American Express from $345.00 to $346.00 and gave the stock a “neutral” rating in a research report on Monday, November 2nd. Barclays cut their price target on shares of American Express from $342.00 to $340.00 and set an “equal weight” rating on the stock in a report on Monday, October 26th. Finally, Weiss Ratings raised shares of American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $365.22.

Insiders Place Their Bets

In related news, CEO Stephen Squeri sold 299,401 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $332.16, for a total value of $99,449,036.16. Following the completion of the sale, the chief executive officer directly owned 60,567 shares in the company, valued at approximately $20,117,934.72. The trade was a 83.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Laureen Seeger sold 69,860 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the sale, the insider directly owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. This represents a 88.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 414,171 shares of company stock valued at $137,069,544 over the last quarter. Insiders own 0.14% of the company’s stock.

Key American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express and Fanatics launched a co-branded card aimed at sports fans, connecting Membership Rewards points with Fanatics FanCash and offering sports-related experiences and merchandise benefits. The partnership could deepen customer engagement and broaden AXP’s reach; its contribution to revenue and profits is not yet clear. Article: American Express unveils sports rewards card tied to fan loyalty
• Positive Sentiment: American Express Canada and Marriott Bonvoy are adding a no-annual-fee card, scheduled to launch in February 2027, and enhancing existing co-branded cards with complimentary Gold Elite status. The expanded lineup may help attract and retain cardholders, although the new product is a future launch. Article: American Express and Marriott Bonvoy expand Canadian card portfolio
• Neutral Sentiment: American Express rose 28 places to No. 42 on the Roundtable 100. The improved ranking is favorable brand recognition, but the article does not identify a direct near-term financial impact. Article: American Express jumps 28 places on the Roundtable 100
• Negative Sentiment: Analysis notes that growth in premium-card fees could be offset by rising rewards, benefits and marketing expenses. The concern is whether AXP can turn premium-card momentum into stronger profits. Article: Can American Express turn premium card growth into higher profits?

American Express Stock Performance

NYSE:AXP opened at $323.67 on Wednesday. The company has a 50-day moving average of $315.90 and a 200-day moving average of $325.25. The firm has a market cap of $217.04 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49.

American Express (NYSE:AXP) last released its earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping analysts’ consensus estimates of $4.50 by $0.18. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Analysts forecast that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th were given a $0.95 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio is currently 21.40%.

About American Express

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.