10,572 American Express Company $AXP Shares Sold by Glenview Trust Co

Key Points

• Glenview Trust Co. reduced its American Express stake by 18% in the third quarter, selling 10,572 shares and retaining 48,174 shares valued at approximately $14.65 million. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.68, beating estimates of $4.50, while revenue rose 8.9% year over year to $20.06 billion. The company also declared a quarterly dividend of $0.95, equivalent to an annualized yield of about 1.2%.
• Analyst sentiment remains generally positive but mixed: AXP has a “Moderate Buy” consensus rating and an average price target of $365.19, compared with a recent share price of $319.03.

Glenview Trust Co lessened its stake in American Express Company (NYSE:AXP - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,174 shares of the payment services company's stock after selling 10,572 shares during the quarter. Glenview Trust Co's holdings in American Express were worth $14,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Strid Group LLC increased its position in American Express by 4.4% in the 3rd quarter. Strid Group LLC now owns 924 shares of the payment services company's stock worth $281,000 after purchasing an additional 39 shares during the last quarter. Partners Wealth Management LLC raised its stake in shares of American Express by 287.9% during the 3rd quarter. Partners Wealth Management LLC now owns 2,316 shares of the payment services company's stock worth $704,000 after purchasing an additional 1,719 shares in the last quarter. Soltis Investment Advisors LLC lifted its holdings in shares of American Express by 18.6% during the 3rd quarter. Soltis Investment Advisors LLC now owns 4,755 shares of the payment services company's stock valued at $1,446,000 after buying an additional 747 shares during the last quarter. Interchange Capital Partners LLC lifted its holdings in shares of American Express by 0.9% during the 3rd quarter. Interchange Capital Partners LLC now owns 5,711 shares of the payment services company's stock valued at $1,737,000 after buying an additional 49 shares during the last quarter. Finally, Sage Rhino Capital LLC grew its stake in shares of American Express by 4.6% in the 3rd quarter. Sage Rhino Capital LLC now owns 3,922 shares of the payment services company's stock valued at $1,193,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Stock Performance

Shares of NYSE AXP opened at $319.03 on Friday. The business's 50-day simple moving average is $317.18 and its 200-day simple moving average is $326.44. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.54 and a current ratio of 1.58. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The firm has a market cap of $213.93 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 1.37 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last posted its 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. The firm had revenue of $20.06 billion during 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 for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities research analysts expect that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Key American Express News

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

• Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
• Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada's First Hilton Honors Credit Card
• Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
• Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
• Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
• Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
• Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on American Express from $360.00 to $365.00 and gave the stock an "overweight" rating in a report on Monday, October 26th. Morgan Stanley reduced their target price on shares of American Express from $382.00 to $380.00 and set an "equal weight" rating for the company in a research note on Monday, October 12th. William Blair reissued an "outperform" rating on shares of American Express in a research report on Friday, October 23rd. Citigroup dropped their price target on shares of American Express from $340.00 to $335.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Royal Bank Of Canada cut their price target on shares of American Express from $415.00 to $400.00 and set an "outperform" rating on the stock in a report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express presently has a consensus rating of "Moderate Buy" and an average target price of $365.19.

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.

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