American Express Company $AXP Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership cut its position in American Express Company (NYSE:AXP) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,517,317 shares of the payment services company’s stock after selling 71,590 shares during the period. American Express accounts for approximately 2.5% of Artisan Partners Limited Partnership’s investment portfolio, making the stock its 6th biggest holding. Artisan Partners Limited Partnership’s holdings in American Express were worth $1,671,181,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. grew its stake in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in shares of American Express in the 4th quarter valued at about $26,000. Sfam LLC acquired a new stake in shares of American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the 4th quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express in the 3rd quarter valued at about $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

More American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express agreed to buy TheFork for $700 million, adding more than 50,000 European restaurants to its dining network and expanding the company’s premium lifestyle offerings. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: Analysts and market commentary suggest the deal could improve AmEx’s competitive positioning in dining and experiences, which may support customer acquisition and cardholder spending over time. Analysts Offer Insights on Financial Companies: Visa (V) and American Express (AXP)
• Neutral Sentiment: BTIG reaffirmed its sell rating on American Express with a $285 price target, signaling lingering valuation concerns despite the recent stock strength.

Wall Street Analysts Forecast Growth

AXP has been the subject of several research reports. Truist Financial reduced their target price on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Royal Bank Of Canada set a $415.00 target price on American Express in a research note on Friday, April 10th. Evercore set a $345.00 target price on American Express in a research note on Wednesday, April 29th. Finally, Bank of America lifted their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $359.05.

American Express Price Performance

AXP stock opened at $341.06 on Wednesday. The company has a market capitalization of $232.72 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The business has a 50-day simple moving average of $317.35 and a two-hundred day simple moving average of $335.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts expect that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is presently 23.71%.

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.