Y Intercept Hong Kong Ltd lowered its stake in American Express Company (NYSE:AXP) by 85.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,023 shares of the payment services company’s stock after selling 11,545 shares during the period. Y Intercept Hong Kong Ltd’s holdings in American Express were worth $612,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in AXP. Evolution Wealth Management Inc. boosted 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 valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management purchased a new stake in shares of American Express during the fourth quarter worth about $26,000. Sfam LLC bought a new stake in shares of American Express in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express in the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the third quarter valued at approximately $28,000. Institutional investors own 84.33% of the company’s stock.
Trending Headlines about American Express
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 Price Performance
American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous 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, analysts expect that American Express Company will post 17.67 earnings per share for the current year.
American Express Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.71%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on AXP shares. BTIG Research increased their target price on American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group lifted their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada cut American Express from an “outperform” rating to a “sector perform” rating in a research note on Monday. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $328.00 to $400.00 in a research report on Monday. Finally, HSBC lifted their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Express currently has an average rating of “Moderate Buy” and a consensus price target of $374.15.
Check Out Our Latest Stock Analysis on American Express
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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