Clarkston Capital Partners LLC lessened its stake in shares of American Express Company (NYSE:AXP – Free Report) by 88.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,664 shares of the payment services company’s stock after selling 116,166 shares during the period. Clarkston Capital Partners LLC’s holdings in American Express were worth $4,436,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in AXP. Infusive Asset Management Inc. increased its stake in American Express by 88.1% during the 1st quarter. Infusive Asset Management Inc. now owns 22,192 shares of the payment services company’s stock valued at $6,713,000 after purchasing an additional 10,392 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of American Express by 4.4% in the first quarter. Bank of Nova Scotia now owns 136,050 shares of the payment services company’s stock worth $41,154,000 after buying an additional 5,749 shares in the last quarter. Gibbs Wealth Management grew its holdings in shares of American Express by 59.1% during the first quarter. Gibbs Wealth Management now owns 1,257 shares of the payment services company’s stock valued at $380,000 after buying an additional 467 shares during the last quarter. Sei Investments Co. grew its holdings in shares of American Express by 7.6% during the first quarter. Sei Investments Co. now owns 271,525 shares of the payment services company’s stock valued at $82,122,000 after buying an additional 19,071 shares during the last quarter. Finally, MWA Asset Management increased its position in shares of American Express by 21.7% during the first quarter. MWA Asset Management now owns 2,699 shares of the payment services company’s stock valued at $817,000 after acquiring an additional 482 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.
Key Headlines Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express announced a new global partnership with ALL Accor that will add elite status matching and Membership Rewards points transfers for eligible cardholders, expanding the appeal of its premium travel and loyalty ecosystem. American Express and ALL Accor Expand the Power of Membership with New Global Partnership
- Positive Sentiment: American Express also expanded its B2B payments tools, including new automation features and a Bottomline partnership, which could strengthen commercial payments growth and improve efficiency. Here’s How AXP Strengthens Its B2B Payments Beyond the Platinum Card
- Positive Sentiment: Jim Cramer highlighted strong travel spending trends as a tailwind for American Express, pointing to its premium cardholder base and high-margin annual-fee model. Jim Cramer Highlights Strong Travel Numbers as Fuel for American Express
- Neutral Sentiment: Multiple previews say investors are focused on Friday’s Q2 earnings release, with analysts watching for results to confirm whether spending strength and credit quality can support the stock’s recent momentum. American Express (AXP) Reports Q2 Earnings Tomorrow. Let’s See What Analysts Expect.
- Neutral Sentiment: Options traders are pricing in a sizable post-earnings move, signaling elevated expectations and the potential for volatility after the report. What American Express (AXP) Options Traders Are Expecting Ahead of Earnings
- Negative Sentiment: Near-term trading may stay cautious because the company is entering earnings with investors debating whether the print will meet high expectations, which can pressure the shares if results disappoint. Will American Express Stock Rise or Fall After Earnings?
Analyst Upgrades and Downgrades
View Our Latest Analysis on AXP
American Express Trading Down 2.3%
Shares of AXP stock opened at $340.61 on Friday. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The stock’s 50-day moving average price is $332.26 and its 200-day moving average price is $330.36. The stock has a market capitalization of $232.41 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04.
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.64 earnings per share. Equities research analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.
American Express Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is currently 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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