ABN Amro Investment Solutions Sells 2,758 Shares of American Express Company $AXP

ABN Amro Investment Solutions reduced its stake in shares of American Express Company (NYSE:AXP) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 52,045 shares of the payment services company’s stock after selling 2,758 shares during the quarter. ABN Amro Investment Solutions’ holdings in American Express were worth $15,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Evolution Wealth Management Inc. lifted its position 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 during the last quarter. Joseph Group Capital Management bought a new position in American Express in the fourth quarter valued at about $26,000. Sfam LLC bought a new position in American Express in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of American Express in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP opened at $351.01 on Wednesday. The company has a market capitalization of $239.50 billion, a PE ratio of 21.90, a P/E/G ratio of 1.42 and a beta of 1.04. 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 Company has a twelve month low of $288.34 and a twelve month high of $387.49. The firm has a fifty day simple moving average of $330.91 and a 200 day simple moving average of $330.74.

American Express (NYSE:AXPGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.21 billion for 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 company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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

Key Stories Impacting American Express

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AXP shares. Loop Capital started coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a report on Thursday, June 18th. JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $328.00 to $400.00 in a report on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Finally, Barclays raised their target price on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $374.11.

Check Out Our Latest Stock Analysis on American Express

American Express Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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