172,571 American Express Company $AXP Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in American Express Company (NYSE:AXP) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 9,599,242 shares of the payment services company’s stock after acquiring an additional 172,571 shares during the quarter. Fisher Asset Management LLC’s holdings in American Express were worth $2,919,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXP. Riverbend Wealth Management LLC grew its stake in shares of American Express by 0.8% during the third quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock worth $1,379,000 after buying an additional 34 shares during the last quarter. Everest Financial Group LLC increased its holdings in shares of American Express by 1.8% during the third quarter. Everest Financial Group LLC now owns 1,920 shares of the payment services company’s stock worth $584,000 after buying an additional 34 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after acquiring an additional 35 shares during the last quarter. Consilium Wealth Advisory LLC lifted its stake in shares of American Express by 4.6% in the 3rd quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock valued at $241,000 after acquiring an additional 35 shares during the last quarter. Finally, Gryphon Financial Partners LLC boosted its holdings in shares of American Express by 1.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock valued at $753,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Insider Transactions at American Express

In other news, CEO Stephen Squeri sold 299,401 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $332.16, for a total transaction 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 $20,117,934.72. This represents a 83.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the transaction, the insider directly owned 20,509 shares of the company’s stock, valued at $6,710,544.80. This represents a 68.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 414,171 shares of company stock worth $137,069,544 over the last three months. 0.14% of the stock is owned by company insiders.

American Express Price Performance

Shares of AXP opened at $318.50 on Friday. The business has a 50-day moving average of $315.64 and a 200-day moving average of $324.84. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The company has a market capitalization of $213.57 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.36 and a beta of 1.09. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49.

American Express (NYSE:AXP) last released its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $20.12 billion. During the same quarter in the prior year, the firm posted $4.14 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.98 earnings per share for the current year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th were paid 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 of this dividend was Friday, October 9th. American Express’s dividend payout ratio is currently 21.40%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AXP shares. TD Cowen cut their target price on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a research report on Tuesday, October 6th. BMO Capital Markets initiated coverage on shares of American Express in a research note on Thursday, October 8th. They set an “outperform” rating and a $380.00 price target for the company. 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. Citigroup reduced their price objective on shares of American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 27th. Finally, Loop Capital decreased their price objective on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $365.42.

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.