Elefante Mark B Grows Stock Position in American Express Company $AXP

Elefante Mark B lifted its stake in American Express Company (NYSE:AXP) by 47.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,642 shares of the payment services company’s stock after purchasing an additional 2,134 shares during the quarter. American Express comprises about 1.5% of Elefante Mark B’s holdings, making the stock its 25th largest holding. Elefante Mark B’s holdings in American Express were worth $2,457,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. increased its holdings in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

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.

American Express Price Performance

AXP stock opened at $341.06 on Wednesday. The business has a fifty day moving average of $317.35 and a two-hundred day moving average of $335.49. 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 stock has a market cap of $232.72 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. American Express Company has a 52-week low of $288.34 and a 52-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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. The company had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts anticipate that American Express Company will post 17.59 earnings per share for the current year.

American Express Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently commented on AXP shares. The Goldman Sachs Group increased their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. cut their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Morgan Stanley cut their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Finally, Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $359.05.

About American Express

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.