Insider Selling: American Express (NYSE:AXP) Insider Sells $22,925,956.20 in Stock

American Express Company (NYSE:AXP) insider Laureen Seeger sold 69,860 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total value of $22,925,956.20. Following the completion of the transaction, the insider directly owned 9,002 shares in the company, valued at approximately $2,954,186.34. This trade represents a 88.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

American Express Stock Down 0.8%

Shares of American Express stock traded down $2.77 during trading on Tuesday, reaching $325.21. 2,348,047 shares of the company traded hands, compared to its average volume of 3,224,032. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.54. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a 50 day moving average price of $317.02 and a 200-day moving average price of $326.29. The firm has a market capitalization of $218.07 billion, a PE ratio of 18.31, a P/E/G ratio of 1.35 and a beta of 1.08.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. During the same period in the prior year, the firm earned $4.14 earnings per share. American Express’s revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities research analysts expect that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 21.40%.

Institutional Trading of American Express

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Flputnam Investment Management Co. acquired a new stake in shares of American Express in the second quarter valued at $12,879,000. State Street Corp raised its position in American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in shares of American Express in the 2nd quarter valued at about $5,172,000. Silicon Valley Capital Partners boosted its stake 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 buying an additional 5,365 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of American Express during the second quarter worth about $11,642,000. 84.33% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AXP has been the subject of a number of research analyst reports. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. HSBC increased their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. BMO Capital Markets assumed coverage on American Express in a research note on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price objective for the company. Barclays decreased their price objective on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. upped their target price on American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Express has an average rating of “Moderate Buy” and a consensus price target of $365.22.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.