CIBC Asset Management Inc Increases Stock Position in American Express Company $AXP

CIBC Asset Management Inc boosted its stake in American Express Company (NYSE:AXP) by 51.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,325 shares of the payment services company’s stock after acquiring an additional 48,507 shares during the period. CIBC Asset Management Inc’s holdings in American Express were worth $53,023,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new position in American Express in the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in American Express in the third quarter valued at $28,000. Torren Management LLC acquired a new position in American Express in the fourth quarter valued at $32,000. Entrust Financial LLC acquired a new position in American Express in the fourth quarter valued at $41,000. Finally, Marquette Asset Management LLC increased its stake in American Express by 101.7% in the fourth quarter. Marquette Asset Management LLC now owns 117 shares of the payment services company’s stock valued at $43,000 after purchasing an additional 59 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on AXP shares. UBS Group restated a “neutral” rating and issued a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. Wells Fargo & Company dropped their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research note on Friday, April 10th. Finally, Truist Financial dropped their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $359.05.

American Express Trading Down 3.2%

Shares of AXP opened at $300.90 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm’s 50-day moving average is $313.49 and its two-hundred day moving average is $337.42. American Express Company has a twelve month low of $286.15 and a twelve month high of $387.49. The firm has a market capitalization of $205.31 billion, a P/E ratio of 18.77, a PEG ratio of 1.26 and a beta of 1.06.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share 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 company had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period in the prior year, the business posted $3.64 earnings per share. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts predict that American Express Company will post 17.59 earnings per share for the current fiscal year.

About American Express

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.