Bleakley Financial Group LLC Trims Stock Position in American Express Company $AXP

Bleakley Financial Group LLC trimmed its stake in shares of American Express Company (NYSE:AXP) by 12.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,150 shares of the payment services company’s stock after selling 2,796 shares during the quarter. Bleakley Financial Group LLC’s holdings in American Express were worth $5,792,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. raised its stake in shares of 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 buying an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express in the 4th quarter valued at approximately $26,000. Sfam LLC purchased a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express in the third quarter valued at approximately $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in American Express during the fourth quarter worth $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Up 0.2%

Shares of AXP stock opened at $355.04 on Wednesday. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The stock has a market cap of $242.26 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.43 and a beta of 1.04. The business has a fifty day simple moving average of $327.02 and a 200-day simple moving average of $331.47. 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 released its quarterly earnings data 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 for 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 business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm 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 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 presently 23.71%.

More American Express News

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

• Positive Sentiment: JPMorgan upgraded American Express (AXP) to Overweight and raised its price target, signaling confidence in earnings durability and upside potential. American Express (AXP) Gets A JPMorgan Upgrade As Consumer Spending Concerns Build
• Positive Sentiment: Analysts said American Express’s affluent customer base is better insulated from geopolitical and economic stress than many peers, which may support spending and fee revenue. JPMorgan Believes American Express Can Ride Out Iran War Better Than Rivals – Says Affluent Customer Base ‘Relatively Shielded’ From Fallout
• Positive Sentiment: Evercore ISI raised its price target on AXP, adding to the bullish analyst momentum around the stock. Evercore ISI Raises PT on American Express Company (AXP) Stock
• Neutral Sentiment: American Express has been highlighted in multiple “stock to watch” and Buffett-focused pieces, which reflects investor interest but does not add new fundamentals. American Express Is Warren Buffett’s Second-Biggest Stock. Is It Still a Buy Near Highs?
• Neutral Sentiment: EDITON Hotels announced an American Express-sponsored event, which is brand-relevant but unlikely to materially affect near-term earnings. Meet Us in Montauk: EDITION Hotels Ushers in ‘The Summer EDITION’ Presented by American Express
• Negative Sentiment: Some commentary cautioned that AXP is trading near highs, suggesting upside could be more limited if spending growth slows or valuation becomes a bigger concern. American Express Is Warren Buffett’s Second-Biggest Stock. Is It Still a Buy Near Highs?

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AXP shares. Guggenheim started coverage on American Express in a research report on Monday. They issued a “buy” rating for the company. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. Benchmark began coverage on shares of American Express in a report on Monday. They issued a “buy” rating for the company. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and increased their price target for the company from $328.00 to $400.00 in a report on Monday. Finally, Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $374.15.

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.