American Express Company $AXP Stock Holdings Increased by NorthRock Partners LLC

Key Points

• NorthRock Partners increased its stake in American Express by 19.0% in Q3, owning 21,673 shares after buying 3,467 more, a position valued at about $7.20 million per its latest 13F filing.
• American Express raised its quarterly dividend to $0.95 (from $0.82), an annualized $3.80 payout with a ~1.3% yield, payable May 8 and with an ex-dividend date of April 2.
• Corporate insiders have been net sellers recently, disposing of 73,944 shares worth roughly $26.11 million over the past three months, leaving insiders with just 0.20% ownership.

NorthRock Partners LLC increased its stake in shares of American Express Company (NYSE:AXP) by 19.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,673 shares of the payment services company's stock after purchasing an additional 3,467 shares during the quarter. NorthRock Partners LLC's holdings in American Express were worth $7,199,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Volterra Technologies LP grew its holdings in shares of American Express by 469.3% during the 3rd quarter. Volterra Technologies LP now owns 3,324 shares of the payment services company's stock valued at $1,104,000 after acquiring an additional 4,224 shares in the last quarter. Bank OZK raised its holdings in shares of American Express by 9.5% during the third quarter. Bank OZK now owns 10,215 shares of the payment services company's stock worth $3,393,000 after acquiring an additional 885 shares in the last quarter. Prudential PLC boosted its position in American Express by 1.8% during the third quarter. Prudential PLC now owns 79,704 shares of the payment services company's stock valued at $26,474,000 after purchasing an additional 1,433 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted 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 purchasing an additional 316 shares during the last quarter. Finally, Regal Investment Advisors LLC grew its stake in American Express by 29.8% in the third quarter. Regal Investment Advisors LLC now owns 1,410 shares of the payment services company's stock valued at $468,000 after purchasing an additional 324 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Performance

AXP opened at $300.16 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.58 and a current ratio of 1.59. The company has a market cap of $206.09 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.14. The stock has a 50-day moving average of $344.01 and a 200-day moving average of $348.74. 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 issued its quarterly earnings data on Friday, January 30th. The payment services company reported $3.53 earnings per share 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 company had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same period in the previous year, the business posted $3.04 earnings per share. The firm's revenue was up 10.5% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 3rd will be given a $0.95 dividend. This is a positive change from American Express's previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, April 2nd. American Express's payout ratio is 21.31%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Credit Suisse Group set a $328.00 target price on American Express in a research report on Monday, January 12th. Wolfe Research started coverage on American Express in a research note on Monday, December 8th. They issued a "peer perform" rating for the company. UBS Group restated a "neutral" rating and issued a $395.00 price objective on shares of American Express in a report on Wednesday, February 4th. Barclays raised their price objective on shares of American Express from $355.00 to $367.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 6th. Finally, Truist Financial reduced their target price on shares of American Express from $420.00 to $400.00 and set a "buy" rating for the company in a research note on Monday, February 2nd. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $356.90.

Insider Activity

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the firm's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the transaction, the insider directly owned 8,945 shares in the company, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Denise Pickett sold 23,385 shares of American Express stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total transaction of $8,346,340.35. Following the completion of the transaction, the insider owned 7,754 shares in the company, valued at $2,767,480.14. This trade represents a 75.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 73,944 shares of company stock valued at $26,114,366 over the last three months. Corporate insiders own 0.20% of the company's stock.

About American Express

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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