Vise Technologies Inc. purchased a new stake in American Express Company (NYSE:AXP – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 44,965 shares of the payment services company’s stock, valued at approximately $13,674,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Global Assets Advisory LLC increased its holdings in American Express by 5.9% in the 3rd quarter. Global Assets Advisory LLC now owns 2,955 shares of the payment services company’s stock valued at $897,000 after purchasing an additional 165 shares during the last quarter. Summit Global Investments raised its position in American Express by 76.7% in the third quarter. Summit Global Investments now owns 3,136 shares of the payment services company’s stock valued at $954,000 after purchasing an additional 1,361 shares during the period. Invera Wealth Advisors LLC lifted its stake in American Express by 9.8% during the third quarter. Invera Wealth Advisors LLC now owns 1,252 shares of the payment services company’s stock worth $381,000 after purchasing an additional 112 shares in the last quarter. MGO One Seven LLC lifted its stake in American Express by 1.6% during the third quarter. MGO One Seven LLC now owns 19,691 shares of the payment services company’s stock worth $5,988,000 after purchasing an additional 313 shares in the last quarter. Finally, Americana Partners LLC boosted its position in shares of American Express by 4.8% during the third quarter. Americana Partners LLC now owns 25,145 shares of the payment services company’s stock worth $7,647,000 after buying an additional 1,150 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.
American Express Stock Down 0.0%
Shares of NYSE:AXP opened at $319.03 on Monday. The firm’s 50 day moving average price is $317.18 and its 200 day moving average price is $326.44. The stock has a market cap of $213.93 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 1.35 and a beta of 1.09. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64.
American Express (NYSE:AXP – Get Free Report) last posted its quarterly earnings results on Friday, October 23rd. The payment services company reported $4.68 EPS for the quarter, topping the consensus estimate of $4.50 by $0.18. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $20.12 billion. During the same quarter in the previous year, the business posted $4.14 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. As a group, equities research analysts predict that American Express Company will post 17.88 earnings per share for the current fiscal year.
American Express Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 9th. American Express’s payout ratio is 21.40%.
Analyst Upgrades and Downgrades
AXP has been the topic of several research reports. President Capital increased their target price on American Express from $359.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their price objective on American Express from $360.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Truist Financial decreased their target price on American Express from $375.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, September 23rd. Finally, Citigroup lowered their target price on American Express from $340.00 to $335.00 and set a “neutral” rating for the company in a research note on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $365.19.
Read Our Latest Stock Analysis on American Express
Key Stories Impacting American Express
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express introduced a new redemption option allowing eligible consumer and business cash-back cardmembers to deposit Reward Dollars into American Express High Yield Savings Accounts and Business Checking Accounts. The feature could improve customer retention, deepen relationships across the company’s card and banking products, and support deposit growth. American Express Connects Cash Back to High Yield Savings Accounts and Business Checking Accounts
- Positive Sentiment: The launch of Canada’s first Hilton Honors American Express co-branded card expands the company’s international partnership with Hilton and could generate additional spending, fees, and customer acquisition. American Express and Hilton Launch Canada’s First Hilton Honors Credit Card
- Positive Sentiment: American Express benefited from positive payments-sector sentiment after Mastercard reported better-than-expected revenue and earnings, although the effect may be temporary. Mastercard Rises on Revenue and EPS Beat
- Neutral Sentiment: American Express issued $1.5 billion of fixed-to-floating-rate notes carrying a 5.447% rate. The financing provides capital, but increases interest expense and leverage exposure. American Express Issues New Fixed-to-Floating Rate Notes
- Neutral Sentiment: Analyst coverage remains mixed. Commentary favors Mastercard for faster growth, more diversified revenue, and lower credit risk, while other coverage highlights AXP’s strong profitability, revenue growth, share repurchases, and Berkshire Hathaway’s sizable stake.
- Negative Sentiment: A U.S. Bank risk executive is reportedly moving to American Express as the company deals with regulatory penalties related to anti-money-laundering compliance failures. The leadership addition may strengthen risk controls, but the penalties and compliance scrutiny create reputational and cost risks. U.S. Bank Risk Chief Heads to Amex
- Negative Sentiment: Relative-value analysis argues that Mastercard currently offers better growth prospects and lower credit risk than American Express, potentially limiting investor enthusiasm for AXP despite its lower valuation.
American Express Company Profile
American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.
The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.
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