American Express Company $AXP Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in shares of American Express Company (NYSE:AXP) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,971,263 shares of the payment services company’s stock after buying an additional 27,039 shares during the period. Bank of New York Mellon Corp owned about 0.58% of American Express worth $1,469,169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its position in shares of American Express by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares in the last quarter. Norges Bank acquired a new stake in shares of American Express in the 4th quarter valued at about $2,464,215,000. Capital World Investors lifted its position in shares of American Express by 0.5% during the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock worth $1,701,435,000 after purchasing an additional 24,297 shares during the last quarter. Capital Research Global Investors lifted its position in shares of American Express by 0.7% during the third quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock worth $1,479,019,000 after purchasing an additional 29,331 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after purchasing an additional 845,283 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Down 0.8%

Shares of NYSE:AXP opened at $310.94 on Wednesday. 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 company’s 50-day moving average price is $313.18 and its 200 day moving average price is $338.30. The company has a market cap of $212.16 billion, a PE ratio of 19.40, a P/E/G ratio of 1.28 and a beta of 1.06. American Express Company has a fifty-two week low of $286.15 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its 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. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AXP. Barclays cut their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a report on Friday, April 10th. Evercore set a $345.00 target price on shares of American Express in a report on Wednesday, April 29th. JPMorgan Chase & Co. decreased their price target on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Finally, Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Express presently has an average rating of “Hold” and a consensus target price of $359.05.

American Express 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.