<div id="readability-page-1"><p>Ameriprise Financial Inc. lifted its holdings in  American Express Company (NYSE:AXP - Free Report) by 26.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,125,133 shares of the payment services company's stock after buying an additional 646,039 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.45% of American Express worth $988,676,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>American Express</strong> alerts:</span></p></div><ul><li>Is American Express the Credit Stock For a K-Shaped Economy?</li></ul><p>A number of other large investors also recently bought and sold shares of the business. Nordea Investment Management AB boosted its holdings in shares of  American Express by 2.2% in the second quarter. Nordea Investment Management AB now owns 2,267,377 shares of the payment services company's stock valued at $721,525,000 after purchasing an additional 49,593 shares during the period.  Dempze Nancy E raised its position in  American Express by 210.2% during the 2nd quarter. Dempze Nancy E now owns 3,459 shares of the payment services company's stock valued at $1,103,000 after purchasing an additional 2,344 shares in the last quarter.  Reliant Investment Management LLC lifted its holdings in shares of  American Express by 1.9% in the 2nd quarter. Reliant Investment Management LLC now owns 26,189 shares of the payment services company's stock worth $8,354,000 after buying an additional 480 shares during the period.  SLT Holdings LLC grew its position in shares of  American Express by 31.3% during the 2nd quarter. SLT Holdings LLC now owns 1,008 shares of the payment services company's stock worth $322,000 after buying an additional 240 shares in the last quarter.  Finally, New York Life Investment Management LLC increased its stake in shares of  American Express by 0.9% during the second quarter. New York Life Investment Management LLC now owns 82,883 shares of the payment services company's stock valued at $26,438,000 after buying an additional 764 shares during the period. Hedge funds and other institutional investors own  84.33% of the company's stock. </p><h2>Insider Buying and Selling</h2><p>In other American Express news, insider Douglas Tabish sold 2,515 shares of the firm's stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $355.61, for a total value of $894,359.15. Following the completion of the transaction, the insider owned 2,515 shares of the company's stock, valued at approximately $894,359.15. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Denise Pickett sold 5,000 shares of the business's stock in a transaction on Wednesday, October 22nd. The shares were sold at an average price of $350.73, for a total transaction of $1,753,650.00. Following the sale, the insider directly owned 7,726 shares in the company, valued at $2,709,739.98. This trade represents a 39.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 57,515 shares of company stock worth $20,658,509 in the last three months. Corporate insiders own  0.20% of the company's stock. </p><h2>American Express Stock Performance</h2><ul><li>As Warren Buffett Nears His Exit, Berkshire's Amassed Record Cash</li></ul><p>Shares of AXP stock opened at $382.14 on Friday. American Express Company has a 12-month low of $220.43 and a 12-month high of $387.49. The business's fifty day simple moving average is $354.78 and its 200-day simple moving average is $328.10. The company has a current ratio of 1.61, a quick ratio of 1.59 and a debt-to-equity ratio of 1.78. The company has a market cap of $263.23 billion, a PE ratio of 25.65, a PEG ratio of 1.74 and a beta of 1.14. </p><p>American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Friday, October 17th. The payment services company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.98 by $0.16. American Express had a return on equity of 33.41% and a net margin of 14.97%.The firm had revenue of $17.14 billion for the quarter, compared to the consensus estimate of $18.03 billion. During the same period in the previous year, the business earned $3.49 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. American Express has set its FY 2025 guidance at 15.200-15.500 EPS.  Analysts expect that  American Express Company will post 15.33 earnings per share for the current fiscal year. </p><h2>American Express Announces Dividend</h2><ul><li>Payment Giants Slide on Stablecoin Buzz—Is Now the Time to Buy?</li></ul><p>The business also recently disclosed a quarterly dividend, which was paid on Monday, November 10th. Investors of record on Friday, October 10th were given a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, October 10th. American Express's dividend payout ratio (DPR) is presently 22.01%. </p><h2>Analysts Set New Price Targets</h2><p>A number of analysts recently weighed in on AXP shares. HSBC  set a $295.00 price objective on shares of American Express and gave the stock a &#34;hold&#34; rating in a research note on Friday, October 10th. Keefe, Bruyette &amp; Woods increased their price objective on shares of American Express from $371.00 to $394.00 and gave the company an &#34;outperform&#34; rating in a research note on Wednesday, October 1st. Truist Financial lifted their price objective on shares of American Express from $375.00 to $395.00 and gave the company a &#34;buy&#34; rating in a report on Monday, October 20th. Wolfe Research began coverage on American Express in a report on Monday, December 8th. They set a &#34;peer perform&#34; rating for the company. Finally, BTIG Research lifted their price target on American Express from $277.00 to $307.00 and gave the company a &#34;sell&#34; rating in a report on Friday, October 17th. Nine research analysts have rated the stock with a Buy rating, fifteen have issued  a Hold rating and one  has issued  a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of &#34;Hold&#34; and an average target price of $332.65.</p><p><b>Check Out Our Latest Analysis on AXP</b></p><h2>About American Express</h2> (Free Report)<p>American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than American Express</li><li>Find and Profitably Trade Stocks at 52-Week Lows</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Conference Calls and Individual Investors</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFYUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUFYUA"/></p><p><em>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.</em></p><h2>Should You Invest $1,000 in American Express Right Now?</h2><p>Before you consider American Express, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Express wasn't on the list.</p><p>While American Express currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Ameriprise Financial Inc. increased its holdings in American Express Company by 26.1% in Q2, acquiring an additional 646,039 shares, totaling 3,125,133 shares worth $988.68 million. Other investors also adjusted their positions in American Express. Insiders sold 57,515 shares worth $20.66 million in the last three months. American Express reported Q3 earnings of $4.14 per share, beating estimates, with revenue up 11% year-over-year. The company has a market cap of $263.23 billion and announced a quarterly dividend.</p>

Ameriprise Financial Inc. Acquires 646,039 Shares of American Express Company $AXP