American Express Company $AXP Stock: Russell Investments Group Ltd. Cuts Position

Russell Investments Group Ltd. reduced its stake in American Express Company (NYSE:AXP) by 5.4% during the third quarter, HoldingsChannel reports. The fund owned 642,277 shares of the payment services company’s stock after selling 36,951 shares during the period. Russell Investments Group Ltd.’s holdings in American Express were worth $195,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp bought a new position in American Express in the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC increased its stake in American Express by 78.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock valued at $28,000 after purchasing an additional 41 shares in the last quarter. John Boyer Inc. bought a new stake in American Express during the 3rd quarter valued at about $29,000. Cedar Mountain Advisors LLC increased its stake in 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 purchasing an additional 35 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in American Express in the second quarter worth about $33,000. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AXP. TD Cowen cut their price target on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Royal Bank Of Canada decreased their price objective on shares of American Express from $415.00 to $400.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Piper Sandler upped their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Jefferies Financial Group reiterated a “hold” rating and set a $330.00 target price on shares of American Express in a research note on Friday, October 23rd. Finally, Barclays reduced their target price on American Express from $342.00 to $340.00 and set an “equal weight” rating for the company in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $365.42.

American Express Stock Performance

Shares of NYSE AXP opened at $318.50 on Friday. The firm’s 50-day moving average price is $315.64 and its 200-day moving average price is $324.84. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The company has a market cap of $213.57 billion, a PE ratio of 17.93, a PEG ratio of 1.36 and a beta of 1.09. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings data 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 firm had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, analysts anticipate that American Express Company will post 17.98 EPS for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, October 9th. American Express’s payout ratio is 21.40%.

Insider Buying and Selling at American Express

In other news, insider Laureen Seeger sold 69,860 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total value of $22,925,956.20. Following the transaction, the insider directly owned 9,002 shares in the company, valued at $2,954,186.34. This trade represents a 88.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Anna Marrs sold 44,910 shares of American Express stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total value of $14,694,552.00. Following the completion of the sale, the insider directly owned 20,509 shares of the company’s stock, valued at $6,710,544.80. The trade was a 68.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 414,171 shares of company stock worth $137,069,544. Insiders own 0.14% of the company’s stock.

About American Express

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.