Connor Clark & Lunn Investment Management Ltd. Sells 119,680 Shares of American Express Company $AXP

Key Points

• Connor Clark & Lunn Investment Management Ltd. cut its stake in American Express (AXP) by 59.9%, selling 119,680 shares and holding 80,272 shares valued at about $26.66 million after the transaction.
• American Express raised its quarterly dividend to $0.95 (from $0.82), an annualized $3.80 payout with a yield of ~1.3%, payable May 8 (ex-dividend April 2, record April 3).
• AXP reported EPS of $3.53, missing estimates by $0.01 while revenue grew roughly 10.5% year-over-year, and the company set FY2026 guidance of EPS 17.3–17.9.

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of American Express Company (NYSE:AXP) by 59.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,272 shares of the payment services company's stock after selling 119,680 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in American Express were worth $26,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXP. Brighton Jones LLC boosted its holdings in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock valued at $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock worth $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of American Express in the second quarter worth $428,000. Police & Firemen s Retirement System of New Jersey boosted its stake in American Express by 3.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 83,641 shares of the payment services company's stock valued at $26,680,000 after buying an additional 2,860 shares during the period. Finally, Impax Asset Management Group plc boosted its stake in American Express by 78.0% during the second quarter. Impax Asset Management Group plc now owns 19,218 shares of the payment services company's stock valued at $6,130,000 after buying an additional 8,421 shares during the period. Institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research analyst reports. UBS Group restated a "neutral" rating and issued a $395.00 target price on shares of American Express in a research note on Wednesday, February 4th. Wolfe Research assumed coverage on American Express in a report on Monday, December 8th. They set a "peer perform" rating for the company. Weiss Ratings upgraded shares of American Express from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, December 29th. Morgan Stanley set a $395.00 target price on shares of American Express in a research note on Tuesday, January 20th. Finally, Credit Suisse Group set a $328.00 target price on shares of American Express in a research report on Monday, January 12th. Nine research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $352.73.

American Express Price Performance

Shares of NYSE:AXP opened at $301.69 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The stock has a market cap of $207.14 billion, a PE ratio of 19.60, a PEG ratio of 1.30 and a beta of 1.14. The company's fifty day moving average is $345.46 and its 200 day moving average is $348.85. 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 quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $18.91 billion. During the same quarter in the previous year, the company earned $3.04 earnings per share. The business's quarterly 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. Research analysts anticipate that American Express Company will post 15.33 earnings per share for the current year.

American Express Increases Dividend

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

Insider Buying and Selling

In other American Express news, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction that occurred on Monday, February 9th. The stock was 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 of the company's stock, valued at $3,189,608.10. The trade was a 62.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Denise Pickett sold 23,385 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the sale, the insider owned 7,754 shares of the company's stock, valued at $2,767,480.14. The trade was a 75.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock valued at $26,114,366 in the last 90 days. 0.20% of the stock is owned by insiders.

American Express Company 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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