4,293 American Express Company $AXP Shares Sold by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw reduced its American Express stake by 6.9%, selling 4,293 shares in the third quarter and retaining 57,949 shares valued at approximately $17.6 million.
• American Express shares traded at $303.41, while institutional investors collectively owned 84.33% of the company. The stock’s average analyst rating was “Hold,” with a consensus price target of $364.62.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year. The company also declared a quarterly dividend of $0.95 per share, equivalent to a 1.3% annual yield.

Neville Rodie & Shaw Inc. lowered its holdings in shares of American Express Company (NYSE:AXP) by 6.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,949 shares of the payment services company's stock after selling 4,293 shares during the quarter. American Express makes up 1.2% of Neville Rodie & Shaw Inc.'s portfolio, making the stock its 22nd biggest holding. Neville Rodie & Shaw Inc.'s holdings in American Express were worth $17,622,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of American Express during the second quarter worth $14,208,662,000. State Street Corp increased its holdings in American Express by 40.2% in the 2nd quarter. State Street Corp now owns 40,967,262 shares of the payment services company's stock valued at $13,857,176,000 after acquiring an additional 11,739,541 shares during the last quarter. Bank of America Corp DE lifted its stake in American Express by 8.4% in the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company's stock worth $2,695,702,000 after purchasing an additional 614,981 shares in the last quarter. Capital World Investors boosted its holdings in shares of American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock valued at $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Finally, Nuveen LLC grew its position in shares of American Express by 6.0% during the fourth quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company's stock valued at $1,913,560,000 after purchasing an additional 293,107 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Up 0.2%

Shares of NYSE AXP traded up $0.63 during mid-day trading on Monday, reaching $303.41. The company had a trading volume of 1,012,053 shares, compared to its average volume of 3,234,906. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The business's 50-day moving average is $327.48 and its 200-day moving average is $324.74. The stock has a market cap of $204.90 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.08. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP - Get Free Report) last issued its 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 business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 17.68 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, October 9th. American Express's dividend payout ratio (DPR) is presently 23.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AXP shares. Truist Financial reduced their target price on American Express from $375.00 to $370.00 and set a "buy" rating on the stock in a report on Wednesday, September 23rd. HSBC lifted their price objective on American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a research note on Monday, July 13th. Loop Capital lowered their price objective on shares of American Express from $389.00 to $386.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Morgan Stanley cut their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a research report on Monday, July 27th. Finally, Barclays reduced their price objective on shares of American Express from $364.00 to $342.00 and set an "equal weight" rating on the stock in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $364.62.

American Express Company Profile

American Express Company NYSE: AXP is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.

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