American Express Company $AXP Holdings Trimmed by Comerica Bank

Key Points

• Comerica Bank trimmed its stake in American Express by 9.4% in Q3, selling 16,375 shares and leaving 158,136 shares valued at about $52.53 million; institutional investors own roughly 84.33% of AXP.
• Significant insider selling occurred recently: Anna Marrs sold 27,425 shares (~$9.6M) and Howard Grosfield sold 8,134 shares (~$2.82M), with insiders selling 73,944 shares worth about $26.1M over the past three months (insiders now hold 0.20%).
• Dividend increase and guidance: American Express raised its quarterly dividend to $0.95 (annualized $3.80, yield ~1.3%) and set FY2026 EPS guidance of $17.30–$17.90, while analysts maintain a consensus "Hold" rating with a $356.90 target.

Comerica Bank reduced its position in shares of American Express Company (NYSE:AXP - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 158,136 shares of the payment services company's stock after selling 16,375 shares during the quarter. Comerica Bank's holdings in American Express were worth $52,527,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Texas Capital Bank Wealth Management Services Inc raised its position in American Express by 41.2% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,083 shares of the payment services company's stock valued at $360,000 after buying an additional 316 shares during the period. Regal Investment Advisors LLC boosted its position in American Express by 29.8% during the 3rd quarter. Regal Investment Advisors LLC now owns 1,410 shares of the payment services company's stock worth $468,000 after acquiring an additional 324 shares during the period. Brown Brothers Harriman & Co. grew its stake in American Express by 3.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 43,011 shares of the payment services company's stock valued at $14,287,000 after acquiring an additional 1,610 shares in the last quarter. Capital Wealth Planning LLC grew its stake in American Express by 18.5% during the 3rd quarter. Capital Wealth Planning LLC now owns 2,169,242 shares of the payment services company's stock valued at $720,535,000 after acquiring an additional 337,991 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of American Express in the 3rd quarter valued at about $4,266,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Insider Buying and Selling at American Express

In other news, insider Anna Marrs sold 27,425 shares of the company's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This represents a 57.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Howard Grosfield sold 8,134 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the transaction, the insider directly owned 9,433 shares in the company, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 73,944 shares of company stock valued at $26,114,366. Company insiders own 0.20% of the company's stock.

American Express Trading Down 0.6%

NYSE:AXP opened at $300.16 on Friday. The company has a market capitalization of $206.09 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.28 and a beta of 1.14. The stock's 50 day moving average price is $344.01 and its 200 day moving average price is $348.74. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.54 by ($0.01). American Express had a net margin of 15.00% and a return on equity of 33.49%. The business had revenue of ($17,139.00) million during the quarter, compared to analyst estimates of $18.91 billion. During the same quarter last year, the firm earned $3.04 earnings per share. American Express's revenue was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts forecast that American Express Company will post 15.33 EPS for the current fiscal year.

American Express Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be issued a $0.95 dividend. This is a boost from American Express's previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, April 2nd. American Express's dividend payout ratio is currently 21.31%.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of American Express from $385.00 to $375.00 and set a "neutral" rating for the company in a research report on Monday, February 2nd. BTIG Research reiterated a "sell" rating and issued a $328.00 price objective on shares of American Express in a research note on Monday, February 2nd. Wells Fargo & Company increased their target price on shares of American Express from $400.00 to $425.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 17th. Weiss Ratings raised shares of American Express from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, December 29th. Finally, Truist Financial lowered their price target on shares of American Express from $420.00 to $400.00 and set a "buy" rating on the stock in a report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, American Express has an average rating of "Hold" and a consensus target price of $356.90.

American Express Profile

American Express is a global financial services company primarily known for its payment card products, travel services and merchant network. Founded in 1850 as an express mail business, the company evolved through the 20th century into a payments and travel-focused organization. Its core activities include issuing consumer and commercial charge and credit cards, operating a global card acceptance and processing network, and providing travel-related services and customer loyalty programs.

American Express issues a range of products for individuals, small businesses and large corporations, including personal cards, business and corporate cards, and co‑brand partnerships with airlines, hotels and retailers.

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