Bank Julius Baer & Co. Ltd Zurich decreased its position in American Express Company (NYSE:AXP) by 81.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,226 shares of the payment services company’s stock after selling 5,435 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in American Express were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new stake in American Express in the 4th quarter valued at about $26,000. Valley Wealth Managers Inc. grew its holdings in American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after buying an additional 46 shares during the period. Manning & Napier Advisors LLC purchased a new stake in American Express in the 3rd quarter valued at about $27,000. Measured Wealth Private Client Group LLC purchased a new stake in American Express in the 3rd quarter valued at about $28,000. Finally, Guerra Advisors Inc purchased a new stake in American Express in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.
Wall Street Analysts Forecast Growth
AXP has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Bank of America lifted their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. Royal Bank Of Canada set a $415.00 price target on American Express in a report on Friday, April 10th. BTIG Research reiterated a “sell” rating and set a $285.00 target price on shares of American Express in a report on Friday, April 24th. Finally, Morgan Stanley decreased their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Express has an average rating of “Hold” and a consensus target price of $357.47.
American Express Stock Up 0.3%
NYSE AXP opened at $313.69 on Friday. The stock has a market cap of $214.04 billion, a PE ratio of 19.57, a P/E/G ratio of 1.27 and a beta of 1.08. American Express Company has a fifty-two week low of $281.46 and a fifty-two week high of $387.49. The business has a 50 day moving average price of $310.73 and a two-hundred day moving average price of $342.41. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.
American Express (NYSE:AXP – Get Free Report) last released 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. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts predict that American Express Company will post 17.59 EPS for the current fiscal year.
American Express Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is currently 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 Articles
- Five stocks we like better than American Express
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP – Free Report).
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.
