Aigen Investment Management LP acquired a new stake in shares of American Express Company (NYSE:AXP) during the 4th quarter, Holdings Channel reports. The fund acquired 2,874 shares of the payment services company’s stock, valued at approximately $1,063,000.
Several other institutional investors and hedge funds have also recently modified their holdings of AXP. Brighton Jones LLC raised its position in shares of American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC raised its position in shares of American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. bought a new stake in shares of American Express during the 2nd quarter valued at $428,000. Howland Capital Management LLC raised its position in shares of American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after purchasing an additional 90 shares during the period. Finally, HUB Investment Partners LLC raised its position in shares of American Express by 19.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after purchasing an additional 481 shares during the period. 84.33% of the stock is currently owned by institutional investors.
American Express News Summary
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
American Express Stock Performance
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $18.60 billion. During the same period in the previous year, the firm posted $3.64 EPS. American Express’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. As a group, analysts anticipate that American Express Company will post 17.59 EPS for the current fiscal year.
American Express Announces Dividend
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio is 23.71%.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Barclays decreased their price objective on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company reduced their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Bank of America lifted their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. BTIG Research reiterated a “sell” rating and issued a $285.00 price target on shares of American Express in a report on Friday, April 24th. Finally, Loop Capital assumed coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $359.05.
Read Our Latest Report on American Express
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.
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