American Express (NYSE:AXP) Insider Sells $14,694,552.00 in Stock

Key Points

• American Express insider Anna Marrs sold 44,910 shares for about $14.7 million, reducing her ownership by 68.65% to 20,509 shares.
• American Express reported quarterly EPS of $4.68, beating estimates of $4.50, while revenue of $20.06 billion came in slightly below expectations.
• Shares fell 0.8% to $325.21 in Tuesday midday trading. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $365.22.

American Express Company (NYSE:AXP - Get Free Report) insider Anna Marrs sold 44,910 shares of the firm's stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $327.20, for a total transaction of $14,694,552.00. Following the completion of the sale, the insider owned 20,509 shares of the company's stock, valued at $6,710,544.80. This trade represents a 68.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

American Express Stock Down 0.8%

Shares of AXP stock traded down $2.77 during midday trading on Tuesday, reaching $325.21. 2,348,047 shares of the stock were exchanged, compared to its average volume of 3,224,032. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company's 50 day moving average is $317.02 and its two-hundred day moving average is $326.29. The company has a current ratio of 1.58, a quick ratio of 1.54 and a debt-to-equity ratio of 1.64. The firm has a market cap of $218.07 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.08.

American Express (NYSE:AXP - Get Free Report) last released its earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, beating analysts' consensus estimates of $4.50 by $0.18. The company had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $20.12 billion. American Express had a return on equity of 34.19% and a net margin of 15.80%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $4.14 EPS. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. On average, equities research analysts predict that American Express Company will post 17.88 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, October 9th. American Express's payout ratio is 21.40%.

Analysts Set New Price Targets

AXP has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price target on shares of American Express from $415.00 to $400.00 and set an "outperform" rating for the company in a research report on Friday, October 9th. UBS Group upped their price objective on shares of American Express from $345.00 to $346.00 and gave the stock a "neutral" rating in a report on Monday. Evercore set a $330.00 target price on shares of American Express in a report on Tuesday, October 27th. Barclays dropped their price target on American Express from $342.00 to $340.00 and set an "equal weight" rating on the stock in a research report on Monday, October 26th. Finally, BTIG Research cut their price target on American Express from $315.00 to $230.00 and set a "sell" rating on the stock in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $365.22.

Institutional Investors Weigh In On American Express

Institutional investors have recently made changes to their positions in the company. Pictet Asset Management Holding SA boosted its position in shares of American Express by 7.1% during the third quarter. Pictet Asset Management Holding SA now owns 1,250,398 shares of the payment services company's stock valued at $380,299,000 after buying an additional 82,790 shares during the last quarter. Parallel Advisors LLC raised its position in American Express by 2.0% in the 3rd quarter. Parallel Advisors LLC now owns 14,662 shares of the payment services company's stock worth $4,459,000 after buying an additional 292 shares during the last quarter. Plancorp LLC raised its position in American Express by 4.0% in the 3rd quarter. Plancorp LLC now owns 2,406 shares of the payment services company's stock worth $768,000 after buying an additional 93 shares during the last quarter. May Hill Capital LLC lifted its stake in American Express by 23.0% during the 3rd quarter. May Hill Capital LLC now owns 2,349 shares of the payment services company's stock valued at $714,000 after acquiring an additional 439 shares during the period. Finally, Alps Advisors Inc. lifted its stake in American Express by 44.2% during the 3rd quarter. Alps Advisors Inc. now owns 14,744 shares of the payment services company's stock valued at $4,484,000 after acquiring an additional 4,522 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.

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