AlTi Global Inc. Trims Stock Position in American Express Company $AXP

AlTi Global Inc. trimmed its holdings in American Express Company (NYSE:AXP) by 46.4% during the first quarter, Holdings Channel reports. The institutional investor owned 5,124 shares of the payment services company’s stock after selling 4,440 shares during the period. AlTi Global Inc.’s holdings in American Express were worth $1,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. grew 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 valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in American Express during the fourth quarter worth approximately $26,000. Sfam LLC purchased a new position in American Express during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of research analyst reports. BTIG Research upped their price objective on American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a report on Tuesday, June 30th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Thursday, June 18th. Wells Fargo & Company dropped their price target on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Finally, Bank of America lifted their price objective on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $374.11.

American Express Stock Down 1.0%

Shares of NYSE AXP opened at $351.81 on Tuesday. The stock has a fifty day moving average price of $330.18 and a 200 day moving average price of $330.87. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The company has a market cap of $240.05 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.43 and a beta of 1.04.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $18.60 billion. During the same quarter last year, the company earned $3.64 earnings per share. American Express’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. Research analysts anticipate that American Express Company will post 17.67 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 paid a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) 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.