American Express Company $AXP Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its American Express stake by 4.5% in the third quarter, selling 10,112 shares and ending the period with 214,359 shares valued at about $65.2 million.
• Two American Express insiders also sold sizable holdings on November 2: Anna Marrs sold 44,910 shares and Laureen Seeger sold 69,860 shares, reducing their respective positions by 68.65% and 88.59%.
• Analysts have a “Moderate Buy” consensus and an average price target of $365.22. In its latest quarter, American Express beat EPS estimates ($4.68 versus $4.50), while revenue of $20.06 billion fell slightly short of expectations.

Boston Trust Walden Corp decreased its position in American Express Company (NYSE:AXP - Free Report) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,359 shares of the payment services company's stock after selling 10,112 shares during the quarter. Boston Trust Walden Corp's holdings in American Express were worth $65,187,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Archer Investment Corp purchased a new stake in shares of American Express during the second quarter worth about $25,000. Elevation Wealth Partners LLC grew its stake in shares of American Express by 78.8% in the third quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company's stock worth $28,000 after purchasing an additional 41 shares during the last quarter. John Boyer Inc. purchased a new position in American Express during the 3rd quarter valued at about $29,000. Frazier Financial Advisors LLC increased its holdings in American Express by 66.7% during the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company's stock valued at $30,000 after purchasing an additional 40 shares during the period. Finally, Whipplewood Advisors LLC raised its position in American Express by 2,550.0% during the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company's stock valued at $32,000 after purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Insider Activity at American Express

In other American Express news, insider Anna Marrs sold 44,910 shares of the firm's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the transaction, the insider owned 20,509 shares of the company's stock, valued at approximately $6,710,544.80. This trade represents a 68.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Laureen Seeger sold 69,860 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $328.17, for a total transaction of $22,925,956.20. Following the sale, the insider owned 9,002 shares in the company, valued at approximately $2,954,186.34. This trade represents a 88.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on AXP shares. JPMorgan Chase & Co. upped their price target on American Express from $360.00 to $365.00 and gave the company an "overweight" rating in a research report on Monday, October 26th. Loop Capital cut their price objective on American Express from $389.00 to $386.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. President Capital boosted their target price on American Express from $359.00 to $400.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. William Blair restated an "outperform" rating on shares of American Express in a report on Friday, October 23rd. Finally, Benchmark began coverage on American Express in a research note on Monday, July 13th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $365.22.

American Express News Roundup

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

American Express Price Performance

AXP stock opened at $332.78 on Thursday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.58 and a quick ratio of 1.58. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm has a 50-day moving average of $316.71 and a 200 day moving average of $326.01. The company has a market cap of $223.15 billion, a P/E ratio of 18.74, a PEG ratio of 1.38 and a beta of 1.09.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.18. The business had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The business's revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, sell-side analysts forecast that American Express Company will post 17.88 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be paid 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 dividend payout ratio (DPR) is presently 21.40%.

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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