Saxon Interests Inc. reduced its stake in American Express Company (NYSE:AXP – Free Report) by 50.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,351 shares of the payment services company’s stock after selling 2,434 shares during the quarter. Saxon Interests Inc.’s holdings in American Express were worth $711,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hudson Bay Capital Management LP boosted its holdings in American Express by 159.5% during the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after purchasing an additional 19,429 shares during the last quarter. Keybank National Association OH increased its stake in American Express by 3.0% in the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after buying an additional 10,495 shares during the last quarter. Investment Research Partners LLC bought a new stake in American Express during the 3rd quarter worth about $1,573,000. Swiss Life Asset Management Ltd lifted its position in American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after buying an additional 35,533 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of American Express by 6.2% during the 4th quarter. Nordea Investment Management AB now owns 2,474,363 shares of the payment services company’s stock worth $920,710,000 after buying an additional 144,512 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. decreased their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Barclays upped their price objective on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Truist Financial raised their target price on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $368.50.
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Barclays raised its price target on American Express to $364 from $322, implying some upside even though it kept an equal-weight rating. Barclays price target raise
- Positive Sentiment: UBS increased its price target to $386 from $340, suggesting material upside, but maintained a neutral stance. UBS price target raise
- Positive Sentiment: Brokerage sentiment remains constructive overall, with consensus coverage still described as “moderate buy,” which can support the stock’s valuation. Consensus recommendation
- Neutral Sentiment: TD Cowen nudged its target higher to $338 but kept a hold rating, reinforcing a cautious view rather than a strong bullish one. TD Cowen target update
- Neutral Sentiment: A separate article highlighted American Express as a quality, low-stress stock idea, which is supportive for sentiment but not a company-specific catalyst. Jefferies stock ideas
- Negative Sentiment: A fund update said American Express was a leading performance detractor, falling due to AI disruption concerns, which may be weighing on investor sentiment. Bretton Fund letter
American Express Trading Down 1.8%
Shares of NYSE:AXP opened at $349.45 on Wednesday. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company has a market capitalization of $238.44 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.47 and a beta of 1.04. The company has a 50-day simple moving average of $323.96 and a 200 day simple moving average of $332.57.
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results 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 return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the business earned $3.64 earnings per share. The business’s revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts forecast that American Express Company will post 17.65 earnings per share for the current year.
American Express Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors 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 yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend 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.
Featured Stories
- Five stocks we like better than American Express
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Receive News & Ratings for American Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Express and related companies with MarketBeat.com's FREE daily email newsletter.
