American Express Company $AXP Stock Sold by Investment House LLC

Investment House LLC lowered its position in American Express Company (NYSE:AXP) by 31.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 77,120 shares of the payment services company’s stock after selling 34,999 shares during the period. American Express comprises approximately 1.0% of Investment House LLC’s investment portfolio, making the stock its 19th largest position. Investment House LLC’s holdings in American Express were worth $23,452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AXP. SBI Securities Co. Ltd. lifted its stake in American Express by 3.8% in the third quarter. SBI Securities Co. Ltd. now owns 8,957 shares of the payment services company’s stock worth $2,724,000 after purchasing an additional 329 shares during the last quarter. Woodward Diversified Capital LLC boosted its position in American Express by 7.5% during the third quarter. Woodward Diversified Capital LLC now owns 1,239 shares of the payment services company’s stock valued at $377,000 after buying an additional 86 shares during the period. Vest Financial LLC grew its stake in shares of American Express by 14.9% during the third quarter. Vest Financial LLC now owns 233,152 shares of the payment services company’s stock valued at $70,902,000 after buying an additional 30,162 shares during the last quarter. Magnus Financial Group LLC grew its stake in shares of American Express by 4.7% during the third quarter. Magnus Financial Group LLC now owns 5,085 shares of the payment services company’s stock valued at $1,546,000 after buying an additional 226 shares during the last quarter. Finally, AMG Asset Management Group Inc. grew its stake in shares of American Express by 19.0% during the third quarter. AMG Asset Management Group Inc. now owns 1,310 shares of the payment services company’s stock valued at $398,000 after buying an additional 209 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AXP has been the topic of several analyst reports. President Capital lifted their price objective on American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Evercore set a $320.00 price target on American Express in a research report on Thursday, October 1st. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Friday, October 9th. Finally, Loop Capital lowered their price objective on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $365.63.

Key Stories Impacting American Express

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

• Positive Sentiment: Airbnb partnership expands cardholder benefits: American Express is adding more than 1 million Airbnb listings to Amex Travel, giving cardmembers the ability to earn and redeem rewards on a broader range of travel bookings. The move could improve premium-card retention and competitiveness as issuers enhance rewards programs. American Express brings Airbnb bookings and rewards to Amex Travel platform
• Positive Sentiment: Options market points to a potential post-earnings rally: Barchart data indicates options traders are positioning for AXP shares to move higher after the results, reflecting optimism ahead of the report. Ahead of American Express Earnings, Here’s What Barchart Data Says Comes Next for AXP Stock
• Positive Sentiment: New co-branded card broadens distribution: American Express, Albertsons and Imprint launched the Albertsons forU American Express Card, potentially expanding customer acquisition through the grocery retailer’s loyalty ecosystem. Albertsons Companies Introduces New Albertsons forU American Express Card
• Neutral Sentiment: Earnings expectations are the main near-term catalyst: Analysts reportedly expect approximately $4.50 in Q3 EPS and $20.12 billion in revenue. Investors will also assess card spending, credit trends, provisions and operating expenses before adjusting estimates. American Express Q3 earnings watchlist: revenue, card spending, costs
• Negative Sentiment: ETF selling and competitive pressure remain risks: ETFs were reported as net sellers of AXP, while strong performance by rival Visa highlights investor preference for competing payment networks. These factors could limit upside if American Express delivers only an in-line report. ETFs Are Net Sellers of American Express

American Express Stock Performance

Shares of NYSE:AXP opened at $324.52 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company has a 50-day moving average price of $319.42 and a 200-day moving average price of $326.03. The company has a market cap of $219.15 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.38 and a beta of 1.08. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the firm earned $4.08 earnings per share. American Express’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities analysts anticipate that American Express Company will post 17.65 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is presently 23.06%.

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.