Axxcess Wealth Management LLC Grows Position in American Express Company $AXP

Axxcess Wealth Management LLC raised its stake in American Express Company (NYSE:AXP) by 30.8% in the third quarter, HoldingsChannel.com reports. The fund owned 6,793 shares of the payment services company’s stock after purchasing an additional 1,598 shares during the quarter. Axxcess Wealth Management LLC’s holdings in American Express were worth $2,256,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Valley Wealth Managers Inc. raised its stake in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of American Express during the 2nd quarter worth about $26,000. Access Investment Management LLC purchased a new stake in shares of American Express during the second quarter worth about $26,000. Manning & Napier Advisors LLC acquired a new position in shares of American Express in the third quarter valued at approximately $27,000. Finally, Guerra Advisors Inc purchased a new position in shares of American Express during the third quarter valued at approximately $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the subject of several recent analyst reports. Barclays lifted their target price on shares of American Express from $355.00 to $367.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. TD Cowen reaffirmed a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Credit Suisse Group set a $328.00 target price on American Express in a research note on Monday, January 12th. Wolfe Research assumed coverage on American Express in a research note on Monday, December 8th. They issued a “peer perform” rating on the stock. Finally, Truist Financial lowered their price target on American Express from $420.00 to $400.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $352.73.

Insider Buying and Selling

In other news, insider Ravikumar Radhakrishnan sold 15,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was 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 owned 8,945 shares of the company’s stock, valued at $3,189,608.10. This represents a 62.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anna Marrs sold 27,425 shares of the stock in a transaction dated Thursday, February 5th. The shares were 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 position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 73,944 shares of company stock worth $26,114,366. Company insiders own 0.20% of the company’s stock.

American Express Stock Down 1.2%

AXP opened at $341.93 on Friday. American Express Company has a 1 year low of $220.43 and a 1 year high of $387.49. The firm has a 50 day moving average price of $364.73 and a 200 day moving average price of $347.76. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The company has a market cap of $234.77 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The business had revenue of ($17,139.00) million for the quarter, compared to analysts’ expectations of $18.91 billion. During the same quarter in the prior year, the firm earned $3.04 earnings per share. American Express’s quarterly revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 2nd were given a $0.82 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 annualized dividend and a yield of 1.0%. American Express’s dividend payout ratio (DPR) is 21.31%.

About American Express

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.