American Express Company $AXP Shares Sold by Seaview Investment Managers LLC

Seaview Investment Managers LLC lowered its holdings in American Express Company (NYSE:AXP) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,476 shares of the payment services company’s stock after selling 2,922 shares during the period. American Express makes up 3.0% of Seaview Investment Managers LLC’s portfolio, making the stock its 21st biggest position. Seaview Investment Managers LLC’s holdings in American Express were worth $7,945,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AXP. Brighton Jones LLC increased its position in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after acquiring an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after acquiring an additional 200 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of American Express in the second quarter worth $428,000. Howland Capital Management LLC increased its position in shares of American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after acquiring an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC increased its position in shares of American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after acquiring an additional 481 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Barclays dropped their price objective on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Loop Capital started coverage on shares of American Express in a report on Thursday. They set a “buy” rating and a $389.00 price target for the company. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Wells Fargo & Company lowered their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $359.05.

American Express Trading Up 0.1%

American Express stock opened at $311.98 on Tuesday. The firm’s 50-day moving average is $311.56 and its 200-day moving average is $340.20. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express Company has a 1 year low of $281.46 and a 1 year high of $387.49. The company has a market cap of $212.87 billion, a P/E ratio of 19.46, a PEG ratio of 1.27 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the firm posted $3.64 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 2nd. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is 23.71%.

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.