American Express Company $AXP Shares Purchased by AMG National Trust Bank

AMG National Trust Bank lifted its holdings in shares of American Express Company (NYSE:AXP) by 28.2% during the first quarter, Holdings Channel.com reports. The fund owned 32,591 shares of the payment services company’s stock after acquiring an additional 7,178 shares during the period. AMG National Trust Bank’s holdings in American Express were worth $9,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its position in American Express by 6,600.0% during the 4th 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 stake in shares of American Express in the fourth quarter worth about $26,000. Sfam LLC acquired a new stake in American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express during the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Key American Express News

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

• Positive Sentiment: JPMorgan upgraded American Express to overweight and raised its price target to $400, signaling confidence in further upside. Benzinga report
• Positive Sentiment: JPMorgan said American Express should better withstand Middle East conflict-related fallout than rivals because its cardholders skew more affluent and defensive. Yahoo Finance article
• Positive Sentiment: Evercore ISI also raised its price target on AXP to $380 from $345, reinforcing expectations for solid near-term trends. Yahoo Finance article
• Positive Sentiment: RBC Capital reaffirmed its buy rating on American Express, adding to the broader positive analyst sentiment. The Globe and Mail article
• Neutral Sentiment: Coverage pieces highlighted AXP as a stock to watch and discussed whether its momentum can continue, but did not introduce a new fundamental catalyst. Seeking Alpha article
• Neutral Sentiment: American Express also drew attention from a note saying it remains a buy despite its valuation, which supports sentiment but underscores the stock is not cheap. CNBC article

American Express Stock Up 1.0%

Shares of NYSE AXP opened at $354.26 on Tuesday. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The stock has a market cap of $241.72 billion, a PE ratio of 22.10, a P/E/G ratio of 1.41 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 company has a 50-day moving average of $326.23 and a 200 day moving average of $331.67.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last 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, sell-side analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on AXP. BTIG Research raised their price objective on shares of American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. Piper Sandler downgraded shares of American Express from an “overweight” rating to a “neutral” rating in a report on Monday. TD Cowen raised their price target on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a report on Monday. Finally, Wells Fargo & Company decreased their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $374.15.

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.