American Express Company $AXP Stock Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp lowered its position in American Express Company (NYSE:AXP – Free Report) by 14.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,829 shares of the payment services company’s stock after selling 5,800 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in American Express were worth $10,591,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Riverbend Wealth Management LLC grew its stake in shares of American Express by 0.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 4,534 shares of the payment services company’s stock valued at $1,379,000 after buying an additional 34 shares during the period. Valmark Advisers Inc. raised its position in shares of American Express by 1.9% during the 1st quarter. Valmark Advisers Inc. now owns 1,878 shares of the payment services company’s stock valued at $568,000 after buying an additional 35 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of American Express by 58.3% during the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock valued at $32,000 after buying an additional 35 shares during the period. Consilium Wealth Advisory LLC lifted its holdings in American Express by 4.6% in the third quarter. Consilium Wealth Advisory LLC now owns 793 shares of the payment services company’s stock valued at $241,000 after acquiring an additional 35 shares during the last quarter. Finally, Gryphon Financial Partners LLC lifted its holdings in American Express by 1.5% in the first quarter. Gryphon Financial Partners LLC now owns 2,489 shares of the payment services company’s stock valued at $753,000 after acquiring an additional 36 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Stephen J. Squeri sold 299,401 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $332.16, for a total transaction of $99,449,036.16. Following the sale, the chief executive officer directly owned 60,567 shares in the company, valued at approximately $20,117,934.72. This represents a 83.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anna Marrs sold 44,910 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the sale, the insider directly owned 20,509 shares in the company, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 414,171 shares of company stock worth $137,069,544. Corporate insiders own 0.14% of the company’s stock.

Key Stories Impacting American Express

These are some of the AXP stories that stood out recently:

American Express Price Performance

AXP opened at $322.80 on Thursday. The stock’s 50-day moving average price is $315.87 and its 200 day moving average price is $325.06. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The firm has a market cap of $216.45 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.36 and a beta of 1.09. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.64.

American Express (NYSE:AXP – Get Free Report) last released its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. American Express’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, sell-side analysts expect that American Express Company will post 17.98 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, October 9th. American Express’s dividend payout ratio (DPR) is presently 21.40%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AXP. Citigroup cut their target price on American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, October 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $330.00 price target on shares of American Express in a research note on Friday, October 23rd. Royal Bank Of Canada lowered their price target on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, October 9th. TD Cowen cut their price objective on American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. Finally, Evercore set a $330.00 price objective on shares of American Express in a report on Tuesday, October 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Express presently has an average rating of “Moderate Buy” and an average price target of $365.22.

Check Out Our Latest Stock Analysis on American Express

American Express Profile

(Free Report)

American Express Company is a global payments and financial services company that operates a card-issuing business and a payments network. Its products and services include consumer, small-business and corporate cards, payment processing, lending, travel services and expense-management solutions. Founded in 1850 as an express mail business, the company expanded into financial services and became known for its charge cards and travel-related services. Today, it serves cardholders and businesses in the United States and markets around the world, connecting customers, merchants and financial institutions through its network.

See Also

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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