Atalanta Sosnoff Capital LLC Increases Holdings in American Express Company $AXP

Atalanta Sosnoff Capital LLC lifted its position in shares of American Express Company (NYSE:AXP) by 42.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 206,771 shares of the payment services company’s stock after buying an additional 61,485 shares during the period. American Express makes up 1.5% of Atalanta Sosnoff Capital LLC’s holdings, making the stock its 22nd largest holding. Atalanta Sosnoff Capital LLC’s holdings in American Express were worth $76,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Evolution Wealth Management Inc. lifted its holdings in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new position in American Express in the fourth quarter worth approximately $26,000. Sfam LLC purchased a new position in American Express during the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in American Express during the 3rd quarter worth approximately $28,000. Finally, Torren Management LLC acquired a new stake in shares of American Express during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $325.37 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. The company has a market capitalization of $222.01 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.30 and a beta of 1.06. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49. The company has a 50-day simple moving average of $315.83 and a 200 day simple moving average of $335.98.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. The company had revenue of $14.22 billion during 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 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 company earned $3.64 EPS. 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 year.

American Express Announces Dividend

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 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.71%.

Trending Headlines about American Express

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

• Positive Sentiment: American Express and Delta Air Lines rolled out refreshed SkyMiles card benefits, updated card designs, and new welcome offers for card members, which could help support cardholder growth and spending. American Express Company (AXP) and Delta Refresh SkyMiles Card Benefits
• Positive Sentiment: CNBC’s “Final Trades” highlighted American Express as a top pick, which can add investor attention and reinforce confidence in the stock. American Express, Live Nation And A Health Care Stock: CNBC’s ‘Final Trades’
• Neutral Sentiment: Several recent writeups note that analysts remain cautious on American Express, with consensus ratings around “Hold,” suggesting the market may be waiting for clearer evidence of earnings momentum. American Express Company (NYSE:AXP) Given Consensus Rating of “Hold” by Analysts
• Neutral Sentiment: Coverage also pointed to a cautious post-earnings tone, indicating investors are still assessing whether American Express can sustain growth after its recent results. American Express Draws Cautious Market Attention After Results
• Neutral Sentiment: News that American Express will break ground next month on its tower at Two World Trade Center is strategically important, but it is unlikely to be a near-term stock driver. American Express to break ground on tower next month at Two World Trade Center — major milestone for tragic site

Analyst Ratings Changes

A number of analysts have weighed in on AXP shares. Wells Fargo & Company reduced their price target on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. The Goldman Sachs Group upped 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. BTIG Research reaffirmed a “sell” rating and set a $285.00 price objective on shares of American Express in a research note on Friday, April 24th. Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. Finally, Morgan Stanley decreased their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.