Legacy Edge Advisors LLC Buys Shares of 5,897 American Express Company $AXP

Key Points

• Legacy Edge Advisors LLC bought a new stake of 5,897 shares in American Express (AXP) during Q4, valued at about $2.18 million, while institutional investors own roughly 84.33% of the stock.
• Quarterly results showed an EPS beat ($4.28 vs. $4.01) but revenue of $14.22 billion fell short of the $18.60 billion consensus; the company set FY2026 EPS guidance at $17.30–17.90, near analysts' forecast of 17.59.
• Shareholder returns and insider activity: American Express raised its quarterly dividend to $0.95 (annualized $3.80, ~1.2% yield), while insiders sold 73,944 shares totaling about $26.1 million in the past 90 days.

Legacy Edge Advisors LLC bought a new stake in American Express Company (NYSE:AXP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,897 shares of the payment services company's stock, valued at approximately $2,181,000.

Other institutional investors also recently made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of American Express in the 4th quarter valued at approximately $26,000. Valley Wealth Managers Inc. raised its position in shares of American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company's stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of American Express in the 3rd quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the 3rd quarter valued at approximately $28,000. Finally, Guerra Advisors Inc bought a new stake in shares of American Express in the 3rd quarter valued at approximately $28,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on American Express from $375.00 to $325.00 and set a "neutral" rating for the company in a report on Thursday, April 9th. UBS Group reiterated a "neutral" rating and issued a $395.00 price target on shares of American Express in a report on Wednesday, February 4th. Evercore set a $345.00 price target on American Express in a report on Wednesday. Morgan Stanley lowered their price target on American Express from $395.00 to $385.00 and set an "equal weight" rating for the company in a report on Thursday, April 16th. Finally, TD Cowen reiterated a "hold" rating on shares of American Express in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $357.47.

American Express Price Performance

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

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

American Express Increases Dividend

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

Insider Buying and Selling

In related news, insider Ravikumar Radhakrishnan sold 15,000 shares of the company's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $356.58, for a total transaction of $5,348,700.00. Following the completion of the transaction, the insider directly owned 8,945 shares in the company, valued at $3,189,608.10. This represents a 62.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Denise Pickett sold 23,385 shares of the company's stock in a transaction 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 transaction, the insider 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,944 shares of company stock valued at $26,114,366 in the last 90 days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.