Crossmark Global Holdings Inc. Sells 36,511 Shares of American Express Company $AXP

Crossmark Global Holdings Inc. decreased its stake in American Express Company (NYSE:AXP) by 51.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,943 shares of the payment services company’s stock after selling 36,511 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Express were worth $10,626,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sawyer & Company Inc acquired a new stake in American Express during the 3rd quarter worth about $2,911,000. Sowell Financial Services LLC boosted its holdings in American Express by 4.6% in the third quarter. Sowell Financial Services LLC now owns 14,588 shares of the payment services company’s stock worth $4,436,000 after acquiring an additional 636 shares in the last quarter. Nisa Investment Advisors LLC grew its position in American Express by 0.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 221,677 shares of the payment services company’s stock valued at $67,412,000 after purchasing an additional 1,790 shares during the period. Diversify Advisory Services LLC increased its stake in American Express by 3.1% during the 3rd quarter. Diversify Advisory Services LLC now owns 23,304 shares of the payment services company’s stock valued at $7,315,000 after purchasing an additional 708 shares in the last quarter. Finally, Lakeshore Capital Group Inc. increased its stake in American Express by 8.2% during the 3rd quarter. Lakeshore Capital Group Inc. now owns 6,463 shares of the payment services company’s stock valued at $1,965,000 after purchasing an additional 491 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key American Express News

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

• Positive Sentiment: Airbnb partnership expands cardholder benefits: American Express is adding more than 1 million Airbnb listings to Amex Travel, giving cardmembers the ability to earn and redeem rewards on a broader range of travel bookings. The move could improve premium-card retention and competitiveness as issuers enhance rewards programs. American Express brings Airbnb bookings and rewards to Amex Travel platform
• Positive Sentiment: Options market points to a potential post-earnings rally: Barchart data indicates options traders are positioning for AXP shares to move higher after the results, reflecting optimism ahead of the report. Ahead of American Express Earnings, Here’s What Barchart Data Says Comes Next for AXP Stock
• Positive Sentiment: New co-branded card broadens distribution: American Express, Albertsons and Imprint launched the Albertsons forU American Express Card, potentially expanding customer acquisition through the grocery retailer’s loyalty ecosystem. Albertsons Companies Introduces New Albertsons forU American Express Card
• Neutral Sentiment: Earnings expectations are the main near-term catalyst: Analysts reportedly expect approximately $4.50 in Q3 EPS and $20.12 billion in revenue. Investors will also assess card spending, credit trends, provisions and operating expenses before adjusting estimates. American Express Q3 earnings watchlist: revenue, card spending, costs
• Negative Sentiment: ETF selling and competitive pressure remain risks: ETFs were reported as net sellers of AXP, while strong performance by rival Visa highlights investor preference for competing payment networks. These factors could limit upside if American Express delivers only an in-line report. ETFs Are Net Sellers of American Express

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AXP. TD Cowen dropped their target price on American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. BMO Capital Markets initiated coverage on American Express in a research report on Thursday, October 8th. They set an “outperform” rating and a $380.00 target price on the stock. Loop Capital decreased their price target on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a report on Monday, July 27th. UBS Group lowered their price target on American Express from $384.00 to $345.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Finally, Truist Financial dropped their price objective on American Express from $375.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $365.63.

American Express Stock Performance

NYSE AXP opened at $324.52 on Friday. The company’s 50 day moving average is $319.42 and its 200-day moving average is $326.03. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm has a market cap of $219.15 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.38 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the company earned $4.08 earnings per share. Sell-side analysts predict that American Express Company will post 17.65 earnings per share for the current 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 issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is 23.06%.

American Express Company 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.