Blue Trust Inc. Sells 3,232 Shares of American Express Company $AXP

Blue Trust Inc. cut its holdings in American Express Company (NYSE:AXP) by 45.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,822 shares of the payment services company’s stock after selling 3,232 shares during the period. Blue Trust Inc.’s holdings in American Express were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AXP. RFG Advisory LLC boosted its stake in shares of American Express by 4.0% in the 1st quarter. RFG Advisory LLC now owns 13,613 shares of the payment services company’s stock worth $4,118,000 after buying an additional 523 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings in American Express by 2.4% during the 1st quarter. Brown Lisle Cummings Inc. now owns 1,893 shares of the payment services company’s stock valued at $573,000 after acquiring an additional 44 shares during the period. OP Asset Management Ltd purchased a new stake in American Express during the 1st quarter worth about $17,620,000. Banque Cantonale Vaudoise boosted its position in shares of American Express by 11.3% in the first quarter. Banque Cantonale Vaudoise now owns 20,503 shares of the payment services company’s stock valued at $6,201,000 after acquiring an additional 2,089 shares during the period. Finally, Apella Capital LLC grew its position in shares of American Express by 31.5% during the 1st quarter. Apella Capital LLC now owns 6,012 shares of the payment services company’s stock valued at $1,994,000 after purchasing an additional 1,439 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Wells Fargo & Company reduced their price target on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $361.55.

American Express Stock Performance

Shares of American Express stock opened at $341.11 on Friday. The firm’s 50-day moving average is $320.91 and its 200 day moving average is $334.24. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market cap of $232.75 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.41 and a beta of 1.06.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping 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 $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same period in the previous year, the business earned $3.64 EPS. The firm’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. Sell-side analysts anticipate that American Express Company will post 17.64 EPS for the current fiscal year.

American Express Announces Dividend

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

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.