Geode Capital Management LLC Purchases 14,768 Shares of American Express Company $AXP

Geode Capital Management LLC increased its stake in American Express Company (NYSE:AXP) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,708,136 shares of the payment services company’s stock after purchasing an additional 14,768 shares during the quarter. Geode Capital Management LLC owned about 1.84% of American Express worth $4,689,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its position in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after buying an additional 46 shares in the last quarter. Joseph Group Capital Management bought a new stake in shares of American Express in the 4th quarter valued at about $26,000. Guerra Advisors Inc bought a new stake in shares of American Express in the 3rd quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new stake in shares of American Express in the 3rd quarter valued at about $28,000. Finally, Torren Management LLC bought a new position in American Express during the 4th quarter valued at approximately $32,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Performance

Shares of NYSE:AXP opened at $312.67 on Thursday. The firm has a 50 day moving average of $312.07 and a 200 day moving average of $339.44. 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 52 week low of $286.15 and a 52 week high of $387.49. The company has a market capitalization of $213.34 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period in the previous year, the company earned $3.64 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were issued a $0.95 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is currently 23.71%.

Analysts Set New Price Targets

A number of research firms have commented on AXP. JPMorgan Chase & Co. lowered their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Barclays lowered their price target on 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 American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. UBS Group reissued a “neutral” rating and set a $395.00 price target on shares of American Express in a report on Wednesday, February 4th. Finally, Bank of America raised their price objective on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $359.05.

American Express 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.