3,572 American Express Company $AXP Shares Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. increased its stake in shares of American Express Company (NYSE:AXP) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 166,904 shares of the payment services company’s stock after buying an additional 3,572 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in American Express were worth $50,786,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. PBU The Pension Fund of Early Childhood & Youth Educators lifted its stake in American Express by 6.3% during the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 79,703 shares of the payment services company’s stock worth $24,238,000 after purchasing an additional 4,753 shares during the last quarter. R Squared Ltd acquired a new position in shares of American Express in the 3rd quarter worth approximately $1,009,000. Van Strum & Towne Inc. boosted its position in shares of American Express by 3.0% during the 3rd quarter. Van Strum & Towne Inc. now owns 10,397 shares of the payment services company’s stock valued at $3,162,000 after purchasing an additional 299 shares in the last quarter. Three Bridge Wealth Advisors LLC acquired a new stake in American Express in the third quarter worth $66,000. Finally, King Luther Capital Management Corp increased its stake in American Express by 1.1% during the 3rd quarter. King Luther Capital Management Corp now owns 667,629 shares of the payment services company’s stock valued at $203,026,000 after purchasing an additional 7,164 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.7%

Shares of American Express stock opened at $320.38 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. The company has a 50-day moving average of $315.45 and a 200 day moving average of $324.64. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a market cap of $214.83 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.34 and a beta of 1.09.

American Express (NYSE:AXP) last issued its earnings results on Friday, October 23rd. The payment services company reported $4.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The business had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. During the same period in the previous year, the company earned $4.14 earnings per share. The business’s revenue for the quarter 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. As a group, sell-side analysts anticipate that American Express Company will post 17.98 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently declared 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 dividend yield of 1.2%. The ex-dividend date was Friday, October 9th. American Express’s dividend payout ratio is presently 21.40%.

Insider Buying and Selling

In related news, insider Anna Marrs sold 44,910 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 20,509 shares in the company, valued at approximately $6,710,544.80. The trade was a 68.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Laureen Seeger sold 69,860 shares of the firm’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 completion of the transaction, the insider directly owned 9,002 shares of the company’s stock, valued at approximately $2,954,186.34. This trade represents a 88.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 414,171 shares of company stock valued at $137,069,544. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets began coverage on American Express in a research note on Thursday, October 8th. They set an “outperform” rating and a $380.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of American Express from $360.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Jefferies Financial Group restated a “hold” rating and issued a $330.00 price objective on shares of American Express in a research report on Friday, October 23rd. Citigroup cut their price objective on American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a report on Tuesday, October 27th. Finally, TD Cowen dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.42.

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.