Nations Financial Group Inc. IA ADV Buys 1,932 Shares of American Express Company $AXP

Nations Financial Group Inc. IA ADV increased its stake in American Express Company (NYSE:AXP) by 28.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 8,807 shares of the payment services company’s stock after acquiring an additional 1,932 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in American Express were worth $2,664,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after acquiring an additional 369,967 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of American Express by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after acquiring an additional 141,936 shares in the last quarter. Bank of America Corp DE raised its stake in shares of American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after acquiring an additional 558,533 shares in the last quarter. Capital World Investors boosted its holdings in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Finally, Norges Bank purchased a new stake in shares of American Express in the fourth quarter valued at approximately $2,464,215,000. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

AXP has been the topic of several research reports. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Thursday. Royal Bank Of Canada set a $415.00 price target on American Express in a research report on Friday, April 10th. Evercore set a $345.00 price target on American Express in a research note on Wednesday, April 29th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company lowered 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 note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average price target of $360.80.

Check Out Our Latest Analysis on American Express

Key Headlines Impacting American Express

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

American Express Stock Performance

Shares of NYSE:AXP opened at $338.86 on Monday. The firm has a 50 day moving average of $319.14 and a 200 day moving average of $334.98. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $231.22 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49.

American Express (NYSE:AXPGet Free Report) last announced its earnings results 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 return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter last year, the firm earned $3.64 EPS. The business’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. On average, sell-side analysts predict that American Express Company will post 17.64 earnings per share for the current fiscal year.

American Express Dividend Announcement

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 $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is 23.71%.

American Express Profile

(Free Report)

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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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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