Anchor Capital Advisors LLC Decreases Stake in American Express Company $AXP

Anchor Capital Advisors LLC lessened its stake in American Express Company (NYSE:AXP) by 3.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 53,349 shares of the payment services company’s stock after selling 1,740 shares during the quarter. Anchor Capital Advisors LLC’s holdings in American Express were worth $19,736,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AXP. CIBC Asset Management Inc lifted its stake in American Express by 51.2% during the fourth quarter. CIBC Asset Management Inc now owns 143,325 shares of the payment services company’s stock worth $53,023,000 after purchasing an additional 48,507 shares during the last quarter. Marble Wealth LLC acquired a new position in American Express during the fourth quarter worth approximately $1,721,000. Dover Advisors LLC increased its position in American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after buying an additional 29 shares during the period. Bank of New York Mellon Corp increased its position in American Express by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 3,971,263 shares of the payment services company’s stock worth $1,469,169,000 after buying an additional 27,039 shares during the period. Finally, Westpac Banking Corp increased its holdings in shares of American Express by 1.9% in the fourth quarter. Westpac Banking Corp now owns 4,259 shares of the payment services company’s stock valued at $1,576,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.8%

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 business’s 50 day moving average is $313.18 and its two-hundred day moving average is $338.30. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49. 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 (NYSE:AXP) last released its earnings results 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. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter last year, the business posted $3.64 EPS. American Express’s quarterly revenue 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. On average, analysts predict that American Express Company will post 17.59 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AXP. Barclays decreased their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Bank of America upped their target price on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada set a $415.00 price target on American Express in a research note on Friday, April 10th. Morgan Stanley lowered their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One 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 given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.