American Express Company $AXP Stock: Rakuten Investment Management Inc. Cuts Position

Rakuten Investment Management Inc. reduced its stake in shares of American Express Company (NYSE:AXP) by 90.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,679 shares of the payment services company’s stock after selling 875,160 shares during the period. Rakuten Investment Management Inc.’s holdings in American Express were worth $28,915,000 as of its most recent SEC filing.

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

American Express Price Performance

NYSE AXP opened at $325.21 on Wednesday. The stock has a 50-day simple moving average of $316.78 and a 200 day simple moving average of $326.13. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The stock has a market capitalization of $218.07 billion, a PE ratio of 18.31, a P/E/G ratio of 1.39 and a beta of 1.09. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.58 and a current ratio of 1.58.

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

American Express Dividend Announcement

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

More 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

Insider Buying and Selling at American Express

In related news, insider Laureen Seeger sold 69,860 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the transaction, the insider owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. The trade was a 88.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Anna Marrs sold 44,910 shares of the company’s stock in a transaction 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 transaction, the insider owned 20,509 shares of the company’s stock, valued at approximately $6,710,544.80. The trade was a 68.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. President Capital raised their price target on shares of American Express from $359.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Citigroup lowered their target price on shares of American Express from $340.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 27th. Bank of America raised their target price on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Benchmark started coverage on American Express in a research report on Monday, July 13th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada decreased their price target on American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $365.22.

About American Express

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.