American Express Company $AXP Shares Bought by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lifted its stake in shares of American Express Company (NYSE:AXP) by 1,383.8% in the first quarter, Holdings Channel reports. The institutional investor owned 113,810 shares of the payment services company’s stock after buying an additional 106,140 shares during the quarter. ABN AMRO Bank N.V.’s holdings in American Express were worth $34,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AXP. Realta Investment Advisors raised its holdings in American Express by 6.4% in the first quarter. Realta Investment Advisors now owns 4,175 shares of the payment services company’s stock valued at $1,263,000 after acquiring an additional 250 shares in the last quarter. Sterling Capital Management LLC grew its holdings in American Express by 1,540.6% during the 1st quarter. Sterling Capital Management LLC now owns 132,937 shares of the payment services company’s stock worth $40,211,000 after acquiring an additional 124,834 shares in the last quarter. Beaumont Asset Management L.L.C. increased its position in shares of American Express by 15.3% in the 1st quarter. Beaumont Asset Management L.L.C. now owns 5,533 shares of the payment services company’s stock worth $1,674,000 after purchasing an additional 735 shares during the last quarter. Cambient Family Office LLC increased its position in shares of American Express by 5.1% in the 1st quarter. Cambient Family Office LLC now owns 5,342 shares of the payment services company’s stock worth $1,616,000 after purchasing an additional 259 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. raised its stake in shares of American Express by 11.8% in the 1st quarter. Rooted Wealth Advisors Inc. now owns 957 shares of the payment services company’s stock valued at $316,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $341.11 on Friday. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. The company has a market cap of $232.75 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The firm has a fifty day moving average of $320.91 and a 200-day moving average of $334.24.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping the consensus estimate of $4.01 by $0.27. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior 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, equities analysts anticipate that American Express Company will post 17.64 earnings per share for the current year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

AXP has been the topic of several research analyst reports. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Evercore set a $345.00 target price on American Express in a report on Wednesday, April 29th. Wells Fargo & Company decreased their target price on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Finally, Barclays lowered their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $361.55.

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.