American Express Company $AXP Stock Acquired by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its holdings in American Express Company (NYSE:AXP) by 194.2% during the third quarter, Holdings Channel reports. The institutional investor owned 9,076 shares of the payment services company’s stock after purchasing an additional 5,991 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in American Express were worth $2,760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Flputnam Investment Management Co. acquired a new position in shares of American Express during the 2nd quarter worth $12,879,000. State Street Corp lifted its stake in shares of American Express by 40.2% in the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock valued at $13,857,176,000 after purchasing an additional 11,739,541 shares during the period. Evolve Private Wealth LLC acquired a new stake in shares of American Express in the second quarter valued at about $5,172,000. Silicon Valley Capital Partners lifted its stake in shares of American Express by 14.9% in the second quarter. Silicon Valley Capital Partners now owns 41,480 shares of the payment services company’s stock valued at $14,030,000 after purchasing an additional 5,365 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new stake in American Express during the second quarter worth about $11,642,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AXP. BMO Capital Markets initiated coverage on shares of American Express in a report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 target price for the company. William Blair reissued an “outperform” rating on shares of American Express in a research note on Friday, October 23rd. BTIG Research decreased their price target on American Express from $315.00 to $230.00 and set a “sell” rating on the stock in a research note on Monday, September 7th. HSBC upped their price target on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Finally, Piper Sandler raised their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express has an average rating of “Moderate Buy” and a consensus target price of $365.22.

American Express Stock Down 0.8%

Shares of NYSE AXP opened at $325.21 on Wednesday. The firm’s 50-day moving average is $316.78 and its two-hundred day moving average is $326.13. The company has a market capitalization of $218.07 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a return on equity of 34.19% and a net margin of 15.80%. The company had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $20.12 billion. During the same quarter last year, the business posted $4.14 earnings per share. American Express’s revenue was up 8.9% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.88 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express’s dividend payout ratio (DPR) is currently 21.40%.

Insider Transactions at American Express

In other American Express news, insider Anna Marrs sold 44,910 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $327.20, for a total value of $14,694,552.00. Following the transaction, the insider directly owned 20,509 shares in the company, valued at approximately $6,710,544.80. This represents a 68.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Laureen Seeger sold 69,860 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the sale, the insider directly owned 9,002 shares in the company, valued at $2,954,186.34. This represents a 88.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by corporate insiders.

Key American Express News

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

• Positive Sentiment: American Express expanded its longstanding NBA and WNBA partnership globally, adding international fan experiences and cardmember benefits. The broader reach could strengthen customer engagement, though no financial impact was disclosed. Article: American Express, NBA and WNBA Expand Longstanding Partnership Globally
• Positive Sentiment: American Express completed its acquisition of TheFork, potentially bolstering its dining-related offerings and customer proposition. Article: American Express Completes Acquisition of TheFork
• Neutral Sentiment: UBS raised its AXP price target slightly, from $345 to $346, but maintained a neutral rating. UBS Group ratings
• Neutral Sentiment: Eligible cash-back cardholders can now deposit Reward Dollars into qualifying American Express bank accounts, adding redemption flexibility; the near-term financial effect is unclear. Article: Amex Adds a Reward Dollars Redemption Option
• Negative Sentiment: Two insiders reported substantial sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%; Laureen Seeger sold 69,860 shares, cutting her holdings by 88.59%. The transactions may weigh on sentiment, although insider sales alone do not establish a negative outlook. Anna Marrs SEC filing Laureen Seeger SEC filing

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.