7,691 Shares of American Express Company $AXP Purchased by Associated Banc Corp

Key Points

• Associated Banc Corp initiated a position in American Express, buying 7,691 shares valued at approximately $2.34 million in the third quarter. Institutional investors own 84.33% of the company’s stock.
• Analysts’ consensus rating is “Moderate Buy”, with an average price target of $365.22; recent target changes ranged from $335 to $400.
• American Express beat quarterly EPS estimates, reporting $4.68 versus $4.50 expected, while revenue rose 8.9% year over year to $20.06 billion. Two insiders also sold substantial shareholdings on November 2.

Associated Banc Corp acquired a new position in American Express Company (NYSE:AXP - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,691 shares of the payment services company's stock, valued at approximately $2,339,000.

Other large investors also recently added to or reduced their stakes in the company. Archer Investment Corp purchased a new stake in shares of American Express in the 2nd quarter worth $25,000. Elevation Wealth Partners LLC lifted its position in American Express by 78.8% during the third 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. purchased a new position in American Express during the third quarter valued at $29,000. Cedar Mountain Advisors LLC grew its holdings in American Express by 58.3% during the second 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 during the period. Finally, Frazier Financial Advisors LLC bought a new stake in American Express during the second quarter valued at about $33,000. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AXP shares. JPMorgan Chase & Co. lifted their price objective on American Express from $360.00 to $365.00 and gave the company an "overweight" rating in a research report on Monday, October 26th. Evercore set a $330.00 target price on shares of American Express in a report on Tuesday, October 27th. Royal Bank Of Canada decreased their target price on shares of American Express from $415.00 to $400.00 and set an "outperform" rating on the stock in a research note on Friday, October 9th. TD Cowen lowered 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. Finally, Benchmark assumed coverage on shares of American Express in a research report on Monday, July 13th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, American Express currently has a consensus rating of "Moderate Buy" and a consensus target price of $365.22.

Key Stories Impacting American Express

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

• Positive Sentiment: UBS raised its price target on AXP, offering a modest vote of confidence. Article: American Express Stock Gets Price Target Boost from UBS Group
• Positive Sentiment: American Express’s partnership with Airbnb brings more than one million listings, including Airbnb Luxe, to Amex Travel for eligible U.S. cardmembers. The added travel inventory and rewards offers could support card engagement and spending. Article: Airbnb Stock In Focus After Amex Deal And Q3 Results Preview
• Positive Sentiment: Amex expanded its NBA, WNBA and USA Basketball partnerships internationally, adding cardmember experiences and offers that may help strengthen customer loyalty. Article: American Express Brings Global Basketball Perks To Card Holders Worldwide
• Neutral Sentiment: Amex is presenting an exclusive Equinox wellness event for eligible cardmembers, another premium-card benefit, though the announcement gives no expected financial impact. Article: Equinox Announces House of Equinox
• Negative Sentiment: Bill Ackman said American Express should be concerned about Ramp, a fast-growing fintech competitor. The article also cites analysts’ expectations for continued double-digit EPS growth, but competition is a risk to monitor. Article: American Express Draws Bill Ackman's Warning
• Negative Sentiment: Two insiders made substantial share sales on November 2. Anna Marrs sold 44,910 shares, reducing her holdings by 68.65%, while Laureen Seeger sold 69,860 shares, cutting hers by 88.59%. Sales do not necessarily indicate a negative outlook, but may weigh on sentiment. Anna Marrs SEC filing Laureen Seeger SEC filing

Insider Transactions at American Express

In other news, insider Laureen Seeger sold 69,860 shares of the company's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the sale, the insider directly owned 9,002 shares of the company's stock, valued at $2,954,186.34. This represents a 88.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anna Marrs sold 44,910 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the transaction, the insider owned 20,509 shares of the company's stock, valued at $6,710,544.80. This trade represents a 68.65% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by insiders.

American Express Stock Performance

NYSE AXP opened at $332.78 on Thursday. The firm has a market cap of $223.15 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.09. 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 business has a 50-day moving average price of $316.71 and a 200-day moving average price of $326.01. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping analysts' consensus estimates of $4.50 by $0.18. American Express had a return on equity of 34.19% and a net margin of 15.80%. The company had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $20.12 billion. During the same period in the previous year, the firm earned $4.14 EPS. The firm's revenue 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, equities research analysts predict that American Express Company will post 17.88 EPS for the current fiscal year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, October 9th. American Express's payout ratio is currently 21.40%.

About American Express

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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