American Express Company $AXP Position Raised by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its stake in American Express Company (NYSE:AXP) by 18.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 16,630 shares of the payment services company’s stock after buying an additional 2,569 shares during the quarter. Flputnam Investment Management Co.’s holdings in American Express were worth $6,152,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its stake in American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after buying an additional 141,936 shares during the last quarter. Capital World Investors lifted its stake in American Express by 0.5% in the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after buying an additional 24,297 shares during the last quarter. Capital Research Global Investors lifted its stake in American Express by 0.7% in the third 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 buying an additional 29,331 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of American Express by 27.0% during the third 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 in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of American Express by 2.4% during the third 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 in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of American Express stock opened at $312.67 on Thursday. 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’s 50-day moving average price is $312.07 and its two-hundred day moving average price is $339.44. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49. The stock has a market cap of $213.34 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 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 for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the previous year, the business earned $3.64 earnings per share. American Express’s revenue for the quarter 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. As a group, sell-side analysts anticipate that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were 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 was Thursday, April 2nd. American Express’s dividend payout ratio (DPR) is presently 23.71%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. BTIG Research restated a “sell” rating and set a $285.00 price objective on shares of American Express in a research note on Friday, April 24th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Truist Financial cut their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Wells Fargo & Company cut their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $359.05.

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.