Schmidt P J Investment Management Inc. Purchases 15,337 Shares of American Express Company $AXP

Schmidt P J Investment Management Inc. acquired a new position in shares of American Express Company (NYSE:AXP) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 15,337 shares of the payment services company’s stock, valued at approximately $4,664,000.

Other large investors have also modified their holdings of the company. Riverbend Wealth Management LLC boosted its holdings in shares of American Express by 0.8% in the third quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock valued at $1,379,000 after acquiring an additional 34 shares in the last quarter. Valmark Advisers Inc. raised its holdings in American Express by 1.9% during the first quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company’s stock worth $568,000 after purchasing an additional 35 shares in the last quarter. Cedar Mountain Advisors LLC raised its holdings in American Express by 58.3% during the second quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after purchasing an additional 35 shares in the last quarter. Consilium Wealth Advisory LLC raised its holdings in American Express by 4.6% during the third quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock worth $241,000 after purchasing an additional 35 shares in the last quarter. Finally, Gryphon Financial Partners LLC raised its holdings in American Express by 1.5% during the first quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock worth $753,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. BTIG Research dropped their target price on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research report on Monday, September 7th. Guggenheim started coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. William Blair reissued an “outperform” rating on shares of American Express in a report on Friday, October 23rd. BMO Capital Markets began coverage on American Express in a research note on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and a consensus price target of $365.22.

American Express Stock Up 2.2%

Shares of NYSE AXP opened at $332.78 on Thursday. The stock has a market capitalization of $223.15 billion, a PE ratio of 18.74, a P/E/G ratio of 1.38 and a beta of 1.09. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The firm has a fifty day moving average of $316.71 and a 200-day moving average of $326.01. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings data 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. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, analysts anticipate that American Express Company will post 17.88 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is currently 21.40%.

Insider Activity at American Express

In other American Express news, insider Anna Marrs sold 44,910 shares of the stock in a transaction that occurred 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 owned 20,509 shares of the company’s stock, valued at $6,710,544.80. This trade represents a 68.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Laureen Seeger sold 69,860 shares of American Express stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the completion of the transaction, the insider directly owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. This represents a 88.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Key American Express News

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

• Positive Sentiment: UBS raised its price target on AXP, offering a modest vote of confidence. Article: American Express Stock Gets Price Target Boost from UBS Group
• Positive Sentiment: American Express’s partnership with Airbnb brings more than one million listings, including Airbnb Luxe, to Amex Travel for eligible U.S. cardmembers. The added travel inventory and rewards offers could support card engagement and spending. Article: Airbnb Stock In Focus After Amex Deal And Q3 Results Preview
• Positive Sentiment: Amex expanded its NBA, WNBA and USA Basketball partnerships internationally, adding cardmember experiences and offers that may help strengthen customer loyalty. Article: American Express Brings Global Basketball Perks To Card Holders Worldwide
• Neutral Sentiment: Amex is presenting an exclusive Equinox wellness event for eligible cardmembers, another premium-card benefit, though the announcement gives no expected financial impact. Article: Equinox Announces House of Equinox
• Negative Sentiment: Bill Ackman said American Express should be concerned about Ramp, a fast-growing fintech competitor. The article also cites analysts’ expectations for continued double-digit EPS growth, but competition is a risk to monitor. Article: American Express Draws Bill Ackman’s Warning
• Negative Sentiment: Two insiders made substantial share sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%, while Laureen Seeger sold 69,860 shares, cutting hers by 88.59%. Sales do not necessarily indicate a negative outlook, but may weigh on sentiment. Anna Marrs SEC filing Laureen Seeger SEC filing

American Express Profile

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.