American Express Company $AXP Holdings Raised by Focused Investors LLC

Focused Investors LLC boosted its stake in shares of American Express Company (NYSE:AXP) by 15.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 502,450 shares of the payment services company’s stock after purchasing an additional 67,900 shares during the quarter. American Express comprises approximately 4.9% of Focused Investors LLC’s holdings, making the stock its 9th biggest position. Focused Investors LLC’s holdings in American Express were worth $151,981,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Kavar Capital Partners Group LLC raised its stake in shares of American Express by 11.8% during the 1st quarter. Kavar Capital Partners Group LLC now owns 2,643 shares of the payment services company’s stock valued at $799,000 after buying an additional 279 shares during the last quarter. Uhlmann Price Securities LLC purchased a new stake in shares of American Express in the first quarter worth about $2,807,000. Genesis Private Wealth LLC grew its holdings in American Express by 4.8% during the first quarter. Genesis Private Wealth LLC now owns 853 shares of the payment services company’s stock worth $258,000 after acquiring an additional 39 shares during the period. Diversified Trust Co grew its holdings in American Express by 12.7% during the first quarter. Diversified Trust Co now owns 41,956 shares of the payment services company’s stock worth $12,691,000 after acquiring an additional 4,720 shares during the period. Finally, Solitude Financial Services raised its position in American Express by 30.9% during the first quarter. Solitude Financial Services now owns 8,473 shares of the payment services company’s stock valued at $2,788,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors 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 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?

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AXP. Bank of America boosted their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. BTIG Research reaffirmed a “sell” rating and set a $285.00 price objective on shares of American Express in a research note on Tuesday, June 16th. Evercore set a $345.00 target price on shares of American Express in a report on Wednesday, April 29th. Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. decreased their target price on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $360.80.

American Express Stock Up 0.3%

American Express stock opened at $338.86 on Monday. The stock has a market capitalization of $231.22 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The business has a 50 day simple moving average of $319.14 and a 200-day simple moving average of $334.98. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping 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 business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the prior year, the company posted $3.64 EPS. The business’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, analysts anticipate that American Express Company will post 17.64 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders 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 dividend payout ratio is currently 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.