17,509 Shares in American Express Company $AXP Bought by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. purchased a new stake in American Express Company (NYSE:AXP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,509 shares of the payment services company’s stock, valued at approximately $6,477,000.

Other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after purchasing an additional 845,283 shares in the last quarter. Amundi boosted its position in shares of American Express by 23.9% in the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after purchasing an additional 537,205 shares during the period. Danske Bank A S purchased a new position in American Express during the 3rd quarter worth approximately $153,292,000. Capital Wealth Planning LLC grew its stake in American Express by 18.5% during the 3rd quarter. Capital Wealth Planning LLC now owns 2,169,242 shares of the payment services company’s stock worth $720,535,000 after buying an additional 337,991 shares during the last quarter. Finally, Credit Agricole S A acquired a new position in American Express during the third quarter worth approximately $93,571,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Up 1.8%

Shares of American Express stock opened at $331.47 on Friday. The firm has a market cap of $227.32 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. American Express Company has a 52-week low of $239.27 and a 52-week high of $387.49. The company’s 50-day simple moving average is $316.28 and its 200-day simple moving average is $344.54. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXPGet Free Report) last announced its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The firm had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. During the same quarter in the previous year, the business earned $3.04 EPS. American Express’s revenue for the quarter was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is 24.69%.

Insiders Place Their Bets

In other American Express news, insider Anna Marrs sold 27,425 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares of the company’s stock, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the sale, the insider directly owned 8,945 shares of the company’s stock, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,944 shares of company stock valued at $26,114,366 in the last three months. 0.14% of the stock is owned by corporate insiders.

Key Headlines Impacting American Express

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Evercore set a $393.00 price objective on American Express in a research note on Tuesday, February 10th. Truist Financial lowered their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Wells Fargo & Company reduced their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, UBS Group reissued a “neutral” rating and set a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $350.70.

Get Our Latest Report on AXP

American Express Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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