BI Asset Management Fondsmaeglerselskab A S Reduces Position in American Express Company $AXP

BI Asset Management Fondsmaeglerselskab A S trimmed its position in American Express Company (NYSE:AXP) by 37.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,876 shares of the payment services company’s stock after selling 31,180 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Express were worth $15,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its stake in 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 during the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express in the fourth quarter worth about $26,000. Sfam LLC purchased a new position in shares of American Express in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of American Express during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express News Summary

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada set a $415.00 price target on shares of American Express in a report on Friday, April 10th. Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. Truist Financial dropped their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, BTIG Research reissued a “sell” rating and set a $285.00 target price on shares of American Express in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus price target of $360.80.

American Express Stock Up 0.3%

Shares of AXP opened at $338.86 on Friday. The company has a market capitalization of $231.22 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.39 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. The stock’s 50-day moving average price is $319.14 and its 200-day moving average price is $335.16. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $18.60 billion. During the same period last year, the business earned $3.64 earnings per share. American Express’s quarterly revenue 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 predict that American Express Company will post 17.64 EPS for the current year.

American Express Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) 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.