2,424 Shares in American Express Company $AXP Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. bought a new stake in American Express Company (NYSE:AXP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,424 shares of the payment services company’s stock, valued at approximately $897,000.

Other institutional investors have also recently bought and sold shares of the company. Stratos Wealth Advisors LLC increased its position in American Express by 2.3% during the 4th quarter. Stratos Wealth Advisors LLC now owns 5,139 shares of the payment services company’s stock worth $1,901,000 after purchasing an additional 116 shares in the last quarter. Stratos Investment Management LLC boosted its position in American Express by 1.3% in the fourth quarter. Stratos Investment Management LLC now owns 40,460 shares of the payment services company’s stock valued at $14,968,000 after buying an additional 502 shares in the last quarter. Perpetual Ltd grew its stake in shares of American Express by 48.1% during the fourth quarter. Perpetual Ltd now owns 1,901 shares of the payment services company’s stock worth $703,000 after buying an additional 617 shares during the last quarter. Red Door Wealth Management LLC increased its holdings in shares of American Express by 11.8% during the fourth quarter. Red Door Wealth Management LLC now owns 8,750 shares of the payment services company’s stock worth $3,237,000 after buying an additional 924 shares in the last quarter. Finally, Coign Capital Advisors LLC increased its holdings in shares of American Express by 1.3% during the fourth quarter. Coign Capital Advisors LLC now owns 2,408 shares of the payment services company’s stock worth $891,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Insider Activity

In other news, insider Anna Marrs sold 27,425 shares of the stock in a transaction on Thursday, February 5th. The shares were 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 in the company, valued at $7,138,103.94. This represents a 57.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Denise Pickett sold 23,385 shares of American Express stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the transaction, the insider directly owned 7,754 shares of the company’s stock, valued at $2,767,480.14. This represents a 75.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,944 shares of company stock worth $26,114,366 in the last 90 days. 0.20% of the stock is owned by company insiders.

American Express Stock Up 0.0%

Shares of AXP opened at $300.23 on Friday. The stock’s 50-day moving average price is $323.53 and its two-hundred day moving average price is $345.82. American Express Company has a 12 month low of $220.43 and a 12 month high of $387.49. The company has a market capitalization of $205.89 billion, a PE ratio of 19.51, a PEG ratio of 1.27 and a beta of 1.13. The company has a current ratio of 1.59, a quick ratio of 1.58 and a debt-to-equity ratio of 1.68.

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

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is 24.69%.

Analyst Ratings Changes

Several research firms recently weighed in on AXP. Morgan Stanley set a $395.00 price objective on American Express in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Express in a research report on Friday, March 27th. Evercore set a $393.00 price target on American Express in a research note on Tuesday, February 10th. BTIG Research reduced their price target on American Express from $328.00 to $285.00 and set a “sell” rating on the stock in a report on Monday, March 16th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. Nine research analysts have rated the stock with 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 has an average rating of “Hold” and a consensus price target of $352.95.

American Express Company 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.