American Express Company $AXP Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in American Express Company (NYSE:AXP) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 158,200 shares of the payment services company’s stock after purchasing an additional 3,200 shares during the period. Alberta Investment Management Corp’s holdings in American Express were worth $58,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of AXP. Evolution Wealth Management Inc. increased its holdings in shares of American Express by 6,600.0% during the 4th 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 in the last quarter. Joseph Group Capital Management purchased a new stake in American Express during the fourth quarter worth $26,000. Sfam LLC acquired a new stake in American Express during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express during the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express in the third quarter valued at $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Key American Express News

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

• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, implying meaningful upside from recent levels. Finviz
• Positive Sentiment: One market note says AXP is breaking out through technical resistance, which can attract momentum traders and support the stock. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Positive Sentiment: Recent coverage also highlights American Express as an attractive long-term investment and suggests the company still has room to benefit from continued demand in digital payments and premium spending. What Makes American Express Company (AXP) an Attractive Bet?
• Neutral Sentiment: Several articles compare AXP with peers like Mastercard and ask whether the stock still has upside after a strong multi-year run, reflecting ongoing debate over valuation rather than a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Analyst roundups show mixed sentiment on AXP, which may limit conviction even as the stock trades near recent highs. Analysts Conflicted on These Financial Names: Suncorp Group (OtherSNMYF), Westpac Banking (OtherWEBNF) and American Express (AXP)
• Negative Sentiment: Some commentary suggests Mastercard may offer more upside than American Express, which could weigh on AXP by comparison as investors rotate toward faster-growing payments names. Mastercard vs. American Express: Which Stock Has More Upside Now?

American Express Trading Down 0.5%

AXP stock opened at $338.86 on Friday. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The business’s 50-day moving average is $318.70 and its 200 day moving average is $335.13. 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 stock has a market cap of $231.22 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.40 and a beta of 1.06.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating 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 $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter last year, the firm posted $3.64 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts anticipate that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Dividend Announcement

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

Analysts Set New Price Targets

AXP has been the topic of several recent analyst reports. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Thursday. Royal Bank Of Canada set a $415.00 price target on American Express in a research note on Friday, April 10th. Morgan Stanley reduced 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. Evercore set a $345.00 price target on American Express in a research report on Wednesday, April 29th. Finally, Bank of America raised their price objective on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $360.80.

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.