Torray Investment Partners LLC cut its holdings in shares of American Express Company (NYSE:AXP) by 91.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,965 shares of the payment services company’s stock after selling 22,310 shares during the period. Torray Investment Partners LLC’s holdings in American Express were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. raised its position in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in shares of American Express in the 4th quarter valued at approximately $26,000. Sfam LLC bought a new stake in American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express during the 3rd quarter worth approximately $28,000. 84.33% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have weighed in on AXP. TD Cowen lifted their price target on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday. Morgan Stanley dropped their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Barclays upped their target price on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Loop Capital began coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price for the company. One equities 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’s stock. According to data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $368.70.
Key Stories Impacting American Express
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
American Express Stock Up 1.1%
NYSE:AXP traded up $3.80 during trading hours on Friday, reaching $350.52. 2,791,983 shares of the stock were exchanged, compared to its average volume of 3,064,715. The stock has a market cap of $239.17 billion, a PE ratio of 21.87, a PEG ratio of 1.43 and a beta of 1.04. American Express Company has a twelve month low of $288.34 and a twelve month high of $387.49. The firm has a 50 day moving average of $325.61 and a 200 day moving average of $332.21. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.
American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 17.67 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. 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 presently 23.71%.
About American Express
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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