D.A. Davidson & CO. Lowers Stock Holdings in American Express Company $AXP

D.A. Davidson & CO. reduced its position in American Express Company (NYSE:AXP) by 4.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,421 shares of the payment services company’s stock after selling 1,505 shares during the quarter. D.A. Davidson & CO.’s holdings in American Express were worth $11,017,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AXP. Brighton Jones LLC raised its position in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC grew its position in American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after buying an additional 200 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in American Express in the 2nd quarter worth about $428,000. Howland Capital Management LLC increased its stake in American Express by 4.2% in the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after acquiring an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC raised its holdings in shares of American Express by 19.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after acquiring an additional 481 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express News Roundup

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

• Positive Sentiment: American Express raised the annual fee on its Platinum card to $895, a 29% increase that could lift card-fee revenue if retention stays strong, as recent reports suggest. American Express Raised Its Platinum Annual Fee to $895. Here’s What the 29% Hike Means for Card-Fee Revenue.
• Positive Sentiment: Analyst coverage continues to frame American Express as a strong financial-services name, which can support investor confidence heading into the next earnings report. Analysts Offer Insights on Financial Companies: American Express (AXP) and Metlife (MET)
• Positive Sentiment: Some investors are looking for a pre-earnings setup in American Express before the July 24 report, suggesting expectations for another solid quarter. The 1 Simple Reason to Buy American Express Before July 24 Earnings
• Neutral Sentiment: One article asks whether American Express is overpriced, but it appears to be a valuation discussion rather than a new operational issue. Is American Express (NYSE:AXP) Priced Too High?
• Neutral Sentiment: Broader payment-industry news, including Visa’s AI banking tool and PayPal-related takeover speculation, may influence sentiment for card networks, but it does not directly change American Express fundamentals. Visa Strengthens Value-Added Services With AI Assistant for Banks

American Express Price Performance

Shares of American Express stock opened at $361.23 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The company has a fifty day moving average of $328.60 and a 200-day moving average of $331.16. The stock has a market capitalization of $246.48 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04.

American Express (NYSE:AXP) last issued its 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 for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts expect that American Express Company will post 17.66 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AXP. Evercore began coverage on American Express in a research report on Monday. They set a “neutral” rating for the company. Bank of America boosted their price target on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. The Goldman Sachs Group raised their price objective on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Morgan Stanley raised shares of American Express from a “positive” rating to an “overweight” rating in a report on Monday. Finally, Loop Capital initiated coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.