Somerville Kurt F Acquires 5,684 Shares of American Express Company $AXP

Somerville Kurt F increased its holdings in American Express Company (NYSE:AXP) by 46.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,914 shares of the payment services company’s stock after purchasing an additional 5,684 shares during the period. Somerville Kurt F’s holdings in American Express were worth $5,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in American Express by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 46,425,262 shares of the payment services company’s stock worth $14,808,730,000 after purchasing an additional 581,369 shares during the period. Geode Capital Management LLC boosted its position in shares of American Express by 11.1% in the second quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock valued at $4,282,984,000 after acquiring an additional 1,349,746 shares during the period. Norges Bank purchased a new position in American Express during the second quarter valued at approximately $1,897,335,000. Artisan Partners Limited Partnership increased its holdings in American Express by 3.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,620,873 shares of the payment services company’s stock worth $1,473,966,000 after acquiring an additional 133,439 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in American Express by 13.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after acquiring an additional 530,967 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Up 0.6%

Shares of AXP traded up $2.16 during mid-day trading on Friday, reaching $344.81. The company’s stock had a trading volume of 170,181 shares, compared to its average volume of 3,052,937. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68. The stock has a market cap of $236.75 billion, a PE ratio of 22.20, a P/E/G ratio of 1.46 and a beta of 1.14. The company’s fifty day moving average price is $364.73 and its two-hundred day moving average price is $347.76. American Express Company has a 52 week low of $220.43 and a 52 week 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 analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million for the quarter, compared to the consensus estimate of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts predict that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express’s dividend payout ratio is presently 21.31%.

Wall Street Analyst Weigh In

Several brokerages have commented on AXP. Royal Bank Of Canada reissued an “outperform” rating and issued a $425.00 price target on shares of American Express in a report on Monday, January 12th. Morgan Stanley set a $395.00 price objective on American Express in a research report on Tuesday, January 20th. Credit Suisse Group set a $328.00 target price on American Express in a research report on Monday, January 12th. TD Cowen reaffirmed a “hold” rating on shares of American Express in a report on Thursday, January 8th. Finally, UBS Group reiterated a “neutral” rating and set a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus price target of $352.73.

Insider Activity

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the transaction, the insider owned 8,945 shares in the company, valued at $3,189,608.10. The trade was a 62.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Denise Pickett sold 23,385 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total value of $8,346,340.35. Following the transaction, the insider directly owned 7,754 shares in the company, valued at $2,767,480.14. This trade represents a 75.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 73,944 shares of company stock valued at $26,114,366. Company insiders own 0.20% of the company’s stock.

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.