Dempze Nancy E Buys 1,599 Shares of American Express Company $AXP

Dempze Nancy E grew its stake in American Express Company (NYSE:AXP) by 46.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,058 shares of the payment services company’s stock after purchasing an additional 1,599 shares during the period. Dempze Nancy E’s holdings in American Express were worth $1,680,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. ZEGA Investments LLC bought a new position in American Express in the third quarter valued at about $1,080,000. Sumitomo Mitsui Trust Group Inc. lifted its position in American Express by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,598,743 shares of the payment services company’s stock valued at $531,038,000 after purchasing an additional 4,080 shares during the period. Elite Wealth Management Inc. bought a new position in shares of American Express in the 3rd quarter valued at about $2,763,000. New York Life Investment Management LLC grew its position in shares of American Express by 0.9% during the 2nd quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company’s stock worth $26,438,000 after buying an additional 764 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of American Express by 2.8% during the 3rd quarter. Nordea Investment Management AB now owns 2,329,851 shares of the payment services company’s stock worth $778,380,000 after buying an additional 62,474 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AXP. TD Cowen restated a “hold” rating on shares of American Express in a report on Thursday, January 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $425.00 price target on shares of American Express in a research note on Monday, January 12th. UBS Group restated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Evercore set a $393.00 price objective on American Express in a report on Tuesday, February 10th. Finally, Wells Fargo & Company increased their target price on American Express from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $352.73.

View Our Latest Stock Analysis on AXP

Insider Transactions at American Express

In related news, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the sale, the insider owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the sale, the insider owned 7,754 shares in the company, valued at $2,767,480.14. The trade was a 75.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 73,944 shares of company stock worth $26,114,366. Company insiders own 0.20% of the company’s stock.

American Express News Roundup

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

American Express Trading Up 1.0%

NYSE AXP opened at $345.99 on Friday. American Express Company has a one year low of $220.43 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The firm has a market cap of $237.56 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.45 and a beta of 1.14. The stock’s 50-day moving average is $364.00 and its 200-day moving average is $348.09.

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

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 2nd were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $3.28 dividend on an annualized basis and a yield of 0.9%. American Express’s dividend payout ratio is presently 21.31%.

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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