American Express Company $AXP Shares Sold by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lowered its holdings in American Express Company (NYSE:AXP) by 92.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,875 shares of the payment services company’s stock after selling 36,385 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in American Express were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of AXP. Crown Wealth Group LLC raised its position in American Express by 184.9% in the 3rd quarter. Crown Wealth Group LLC now owns 1,943 shares of the payment services company’s stock worth $591,000 after buying an additional 1,261 shares during the last quarter. Herold Advisors Inc. boosted its holdings in shares of American Express by 29.0% during the 3rd quarter. Herold Advisors Inc. now owns 2,342 shares of the payment services company’s stock valued at $712,000 after acquiring an additional 526 shares during the last quarter. First Bank & Trust boosted its holdings in shares of American Express by 26.4% during the 3rd quarter. First Bank & Trust now owns 2,693 shares of the payment services company’s stock valued at $819,000 after acquiring an additional 563 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its holdings in shares of American Express by 40.6% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 1,533 shares of the payment services company’s stock valued at $466,000 after acquiring an additional 443 shares during the last quarter. Finally, Brown Lisle Cummings Inc. grew its stake in shares of American Express by 6.0% in the third quarter. Brown Lisle Cummings Inc. now owns 1,989 shares of the payment services company’s stock worth $630,000 after acquiring an additional 113 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

AXP stock traded up $2.64 during trading on Monday, reaching $316.23. The stock had a trading volume of 2,818,068 shares, compared to its average volume of 3,235,276. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The stock’s 50 day moving average is $320.67 and its two-hundred day moving average is $325.58. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a market cap of $213.56 billion, a PE ratio of 19.19, a PEG ratio of 1.33 and a beta of 1.08.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts anticipate that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently disclosed 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. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s dividend payout ratio is 23.06%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXP shares. Piper Sandler boosted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Guggenheim initiated coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Loop Capital cut their target price on shares of American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, Citigroup cut their target price on shares of American Express from $355.00 to $340.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has an average rating of “Moderate Buy” and an average target price of $365.63.

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.