Galvin Gaustad & Stein LLC Has $21.60 Million Position in American Express Company $AXP

Key Points

• Galvin Gaustad & Stein LLC reduced its stake in American Express by 10.7% to 58,382 shares, a holding valued at about $21.60 million which represents 1.7% of its portfolio and its 14th largest position.
• Company insiders sold a total of 73,944 shares worth roughly $26.11 million last quarter, including large Feb. 5 sales by Denise Pickett (23,385 shares at $356.91) and Anna Marrs (27,425 shares at $350.01).
• American Express raised its quarterly dividend to $0.95 (annualized $3.80, ~1.2% yield) with an ex-dividend date of April 2 and payable May 8, while analysts maintain an average rating of "Hold" and a $351.20 target price.

Galvin Gaustad & Stein LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,382 shares of the payment services company's stock after selling 7,013 shares during the quarter. American Express comprises 1.7% of Galvin Gaustad & Stein LLC's portfolio, making the stock its 14th biggest position. Galvin Gaustad & Stein LLC's holdings in American Express were worth $21,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fisher Asset Management LLC grew its position in shares of American Express by 1.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company's stock valued at $2,950,095,000 after purchasing an additional 146,586 shares during the period. Capital World Investors grew its position in shares of American Express by 0.5% in the 3rd quarter. Capital World Investors now owns 5,122,335 shares of the payment services company's stock valued at $1,701,435,000 after purchasing an additional 24,297 shares during the period. Capital Research Global Investors grew its position in shares of American Express by 0.7% in the 3rd quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company's stock valued at $1,479,019,000 after purchasing an additional 29,331 shares during the period. Ameriprise Financial Inc. grew its position in shares of American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company's stock valued at $1,310,515,000 after purchasing an additional 845,283 shares during the period. Finally, Legal & General Group Plc grew its position in shares of American Express by 2.4% in the 3rd quarter. Legal & General Group Plc now owns 3,483,876 shares of the payment services company's stock valued at $1,157,204,000 after purchasing an additional 83,189 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Express

In other American Express news, insider Denise Pickett sold 23,385 shares of the business's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $356.91, for a total value of $8,346,340.35. Following the sale, the insider owned 7,754 shares in the company, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Anna Marrs sold 27,425 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $350.01, for a total value of $9,599,024.25. Following 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 73,944 shares of company stock worth $26,114,366. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore set a $393.00 price objective on American Express in a research report on Tuesday, February 10th. Barclays decreased their price objective on American Express from $367.00 to $323.00 and set an "equal weight" rating for the company in a research report on Monday, April 6th. Royal Bank Of Canada set a $415.00 price objective on American Express in a research report on Friday. Wells Fargo & Company decreased their price objective on American Express from $425.00 to $415.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. Finally, UBS Group reiterated a "neutral" rating and issued a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, American Express has an average rating of "Hold" and an average target price of $351.20.

American Express Trading Up 3.3%

NYSE AXP opened at $323.72 on Tuesday. The stock has a market capitalization of $222.00 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 1.32 and a beta of 1.13. The stock's 50 day moving average price is $318.34 and its two-hundred day moving average price is $344.87. 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 $239.27 and a 52 week high of $387.49.

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

American Express Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express's previous quarterly dividend of $0.82. American Express's dividend payout ratio (DPR) is presently 24.69%.

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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