Assenagon Asset Management S.A. Purchases 2,450 Shares of American Express Company $AXP

Assenagon Asset Management S.A. lifted its position in shares of American Express Company (NYSE:AXP) by 9.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 28,803 shares of the payment services company’s stock after purchasing an additional 2,450 shares during the quarter. Assenagon Asset Management S.A.’s holdings in American Express were worth $8,712,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AXP. Evolution Wealth Management Inc. grew its position 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 worth $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in American Express in the 4th quarter worth approximately $26,000. Sfam LLC bought a new stake in American Express in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in American Express in the third quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express during the fourth quarter valued at approximately $28,000. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of American Express stock opened at $341.11 on Monday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a market cap of $232.75 billion, a PE ratio of 21.28, a P/E/G ratio of 1.40 and a beta of 1.06. The business has a 50 day moving average of $320.91 and a 200 day moving average of $334.05. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts forecast that American Express Company will post 17.64 earnings per share for the current year.

American Express Announces Dividend

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

Analyst Upgrades and Downgrades

AXP has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Wells Fargo & Company dropped their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Barclays cut their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. 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. Finally, Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research note on Friday, April 10th. One equities 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. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and an average price target of $361.55.

American Express Company 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.