American Express Company $AXP Holdings Trimmed by Aquamarine Zurich AG

Aquamarine Zurich AG reduced its position in shares of American Express Company (NYSE:AXP) by 69.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,000 shares of the payment services company’s stock after selling 145,000 shares during the period. American Express accounts for 16.1% of Aquamarine Zurich AG’s investment portfolio, making the stock its 2nd biggest position. Aquamarine Zurich AG’s holdings in American Express were worth $24,047,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC boosted its position in shares of American Express by 1.7% in the third quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock worth $2,950,095,000 after buying an additional 146,586 shares during the period. Capital World Investors raised its position in American Express by 0.5% during the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after buying an additional 24,297 shares during the period. Capital Research Global Investors lifted its stake in American Express by 0.7% in the 3rd quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock worth $1,479,019,000 after acquiring an additional 29,331 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in American Express by 13.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,342,556 shares of the payment services company’s stock worth $1,385,188,000 after acquiring an additional 530,967 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in American Express by 27.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after acquiring an additional 845,283 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of NYSE AXP opened at $297.47 on Tuesday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. American Express Company has a one year low of $220.43 and a one year high of $387.49. The business’s 50-day moving average price is $328.26 and its two-hundred day moving average price is $346.80. The company has a market capitalization of $204.00 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15.

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

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This is a boost from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a yield of 1.3%. American Express’s payout ratio is 21.31%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AXP. The Goldman Sachs Group reaffirmed a “buy” rating and set a $420.00 target price on shares of American Express in a research note on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price target on shares of American Express from $385.00 to $375.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Morgan Stanley set a $395.00 price target on shares of American Express in a report on Tuesday, January 20th. Credit Suisse Group set a $328.00 price objective on shares of American Express in a research report on Monday, January 12th. Finally, Wolfe Research initiated coverage on shares of American Express in a research report on Monday, December 8th. They issued a “peer perform” rating for the company. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $352.95.

Insider Buying and Selling at American Express

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction that occurred on Monday, February 9th. The shares were 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 directly owned 8,945 shares in the company, valued at $3,189,608.10. The trade was a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Anna Marrs sold 27,425 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the sale, the insider directly owned 20,394 shares of the company’s stock, valued at $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,944 shares of company stock valued at $26,114,366 over the last three months. 0.20% of the stock is owned by insiders.

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.