Banque Transatlantique SA Has $9.85 Million Stock Holdings in American Express Company $AXP

Banque Transatlantique SA grew its stake in shares of American Express Company (NYSE:AXP) by 651.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,652 shares of the payment services company’s stock after acquiring an additional 23,105 shares during the quarter. Banque Transatlantique SA’s holdings in American Express were worth $9,847,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AXP. Evolution Wealth Management Inc. raised its position 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 in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Sfam LLC acquired a new stake in shares of American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the fourth quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in American Express in the fourth quarter valued at approximately $29,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Performance

Shares of American Express stock opened at $338.86 on Friday. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The firm has a market capitalization of $231.22 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.40 and a beta of 1.06. The company’s 50 day moving average price is $318.70 and its two-hundred day moving average price is $335.13.

American Express (NYSE:AXPGet Free Report) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.21 billion for 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%. The company’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a dividend of $0.95 per share. 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 payout ratio is currently 23.71%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AXP. The Goldman Sachs Group upped their target price on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Loop Capital initiated coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Bank of America boosted their price target on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Barclays dropped their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Finally, Truist Financial reduced their price objective on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. One research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $360.80.

Read Our Latest Stock Analysis on American Express

American Express News Roundup

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American Express Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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