E. Ohman J or Asset Management AB Has $7.19 Million Stock Holdings in American Express Company $AXP

E. Ohman J or Asset Management AB reduced its stake in shares of American Express Company (NYSE:AXP) by 18.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,447 shares of the payment services company’s stock after selling 4,349 shares during the period. E. Ohman J or Asset Management AB’s holdings in American Express were worth $7,194,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AXP. Trajan Wealth LLC lifted its position in American Express by 30.9% in the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after acquiring an additional 5,881 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of American Express by 218.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after purchasing an additional 5,860 shares during the period. ZEGA Investments LLC bought a new stake in shares of American Express in the third quarter valued at about $1,080,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of American Express by 0.3% in the third 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 in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. boosted its position in shares of American Express by 11.7% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock worth $27,524,000 after buying an additional 8,651 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 2.2%

NYSE:AXP opened at $301.87 on Tuesday. American Express Company has a twelve month low of $220.43 and a twelve month high of $387.49. The firm has a market capitalization of $207.27 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The stock’s 50 day moving average price is $334.49 and its two-hundred day moving average price is $347.78.

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

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be given a $0.95 dividend. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. American Express’s payout ratio is 24.69%.

Insider Activity

In related news, insider Anna Marrs sold 27,425 shares of the firm’s 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 directly owned 20,394 shares in the company, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 8,945 shares in the company, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock valued at $26,114,366 over the last quarter. 0.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AXP shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of American Express in a report on Monday, March 16th. Weiss Ratings raised American Express from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of American Express in a report on Thursday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $420.00 target price on shares of American Express in a report on Tuesday, January 6th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $352.95.

American Express Profile

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.