Banyan Capital Management Inc. Lowers Holdings in American Express Company $AXP

Banyan Capital Management Inc. decreased its position in American Express Company (NYSE:AXP) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,700 shares of the payment services company’s stock after selling 1,551 shares during the period. American Express makes up approximately 1.4% of Banyan Capital Management Inc.’s holdings, making the stock its 22nd biggest position. Banyan Capital Management Inc.’s holdings in American Express were worth $3,237,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. raised 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 buying an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in American Express in the 4th quarter worth approximately $26,000. Sfam LLC purchased a new position in American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the 4th quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express during the 3rd quarter valued at $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express News Summary

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

• Positive Sentiment: American Express is expanding AI across payments, including new tools and security features, which could improve customer experience, fraud prevention, and long-term growth prospects. Can AmEx’s AI Investments Unlock the Next Phase of Growth?
• Positive Sentiment: Bank of America raised its price target on AXP to $391 from $387 and kept a buy rating, signaling continued confidence in upside from current levels. American Express price target raised by Bank of America Corporation
• Positive Sentiment: Some recent commentary says the stock may be a bargain after its pullback this year, with upcoming second-quarter earnings viewed as a potential catalyst for a rebound. Is American Express Stock a Bargain?
• Neutral Sentiment: American Express also broke ground on its new global headquarters at 2 World Trade Center, a long-term strategic project that supports brand and operational growth but is not an immediate earnings driver. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Negative Sentiment: Recent articles note AXP has been under pressure this year and fell more sharply than the broader market in the latest session, reminding investors that sentiment is still somewhat fragile ahead of earnings. American Express (AXP) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analyst Ratings Changes

A number of analysts have commented on AXP shares. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Evercore set a $380.00 price objective on American Express in a report on Monday, July 6th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Thursday, June 18th. Wells Fargo & Company lowered their target price 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. Finally, Truist Financial raised their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $368.70.

American Express Stock Performance

AXP stock traded up $3.80 during midday trading on Friday, reaching $350.52. 2,791,983 shares of the company’s stock traded hands, compared to its average volume of 3,064,715. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The stock has a market cap of $239.17 billion, a P/E ratio of 21.87, a PEG ratio of 1.44 and a beta of 1.04. 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 stock’s 50-day moving average is $325.61 and its 200 day moving average is $332.21.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.64 earnings per share. 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 17.67 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors 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 dividend yield of 1.1%. American Express’s payout ratio is 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.