Jennison Associates LLC Purchases 8,094 Shares of American Express Company $AXP

Key Points

• Jennison Associates LLC raised its stake in American Express by 171.3% in Q4, buying an additional 8,094 shares to hold 12,820 shares valued at about $4.743 million.
• American Express reported Q results with EPS $4.28 (vs. $4.01 est.), revenue of $14.22B (below estimates), issued FY2026 EPS guidance of 17.30–17.90, and carries a consensus analyst rating of "Hold"
• The board raised the quarterly dividend to $0.95 (annualized $3.80, ~1.2% yield), while insiders have sold roughly 73,944 shares (~$26.1M) in the past 90 days, including large sales by Anna Marrs and Denise Pickett.

Jennison Associates LLC raised its position in shares of American Express Company (NYSE:AXP - Free Report) by 171.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,820 shares of the payment services company's stock after acquiring an additional 8,094 shares during the period. Jennison Associates LLC's holdings in American Express were worth $4,743,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AXP. Brighton Jones LLC boosted its holdings in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock valued at $1,924,000 after acquiring an additional 1,273 shares during the period. Sivia Capital Partners LLC boosted its holdings in American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock valued at $554,000 after acquiring an additional 200 shares during the period. Schnieders Capital Management LLC. bought a new stake in American Express during the second quarter valued at about $428,000. Howland Capital Management LLC lifted its stake in shares of American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company's stock valued at $707,000 after buying an additional 90 shares during the period. Finally, HUB Investment Partners LLC lifted its stake in shares of American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company's stock valued at $924,000 after buying an additional 481 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TD Cowen reiterated a "hold" rating on shares of American Express in a research note on Thursday, January 8th. JPMorgan Chase & Co. reduced their target price on shares of American Express from $375.00 to $325.00 and set a "neutral" rating for the company in a research note on Thursday, April 9th. The Goldman Sachs Group increased their target price on shares of American Express from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday. Credit Suisse Group set a $328.00 target price on shares of American Express in a research note on Monday, January 12th. Finally, Bank of America increased their target price on shares of American Express from $381.00 to $387.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Eight 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $357.47.

American Express Stock Performance

NYSE:AXP opened at $319.74 on Friday. American Express Company has a 12-month low of $273.10 and a 12-month high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $218.17 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.30 and a beta of 1.08. The firm has a 50-day moving average price of $311.71 and a 200 day moving average price of $344.28.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the business posted $3.64 earnings per share. The company's quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. This is a boost from American Express's previous quarterly dividend of $0.82. The ex-dividend date of this dividend is Thursday, April 2nd. American Express's dividend payout ratio (DPR) is currently 23.71%.

Insider Activity

In other news, insider Anna Marrs sold 27,425 shares of the firm's stock in a transaction that occurred on Thursday, February 5th. The shares were 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 of the company's stock, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Denise Pickett sold 23,385 shares of the firm'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 transaction of $8,346,340.35. Following the sale, the insider directly owned 7,754 shares of the company's stock, valued at approximately $2,767,480.14. The trade was a 75.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 73,944 shares of company stock worth $26,114,366. Corporate insiders own 0.14% 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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