Leonteq Securities AG purchased a new stake in American Express Company (NYSE:AXP) in the 4th quarter, Holdings Channel.com reports. The fund purchased 4,140 shares of the payment services company’s stock, valued at approximately $1,532,000.
Several other hedge funds have also modified their holdings of the stock. ABN Amro Investment Solutions boosted its position in shares of American Express by 18.9% in the fourth quarter. ABN Amro Investment Solutions now owns 54,803 shares of the payment services company’s stock worth $20,274,000 after acquiring an additional 8,704 shares during the last quarter. BlueStem Wealth Partners LLC increased its holdings in shares of American Express by 4.4% during the 4th quarter. BlueStem Wealth Partners LLC now owns 826 shares of the payment services company’s stock worth $306,000 after buying an additional 35 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of American Express by 61.1% during the 4th quarter. IFP Advisors Inc now owns 9,700 shares of the payment services company’s stock worth $3,589,000 after buying an additional 3,678 shares during the last quarter. Midwest Professional Planners LTD. increased its holdings in shares of American Express by 4.3% during the 4th quarter. Midwest Professional Planners LTD. now owns 13,095 shares of the payment services company’s stock worth $4,844,000 after buying an additional 540 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its holdings in shares of American Express by 120.2% during the 4th quarter. Adell Harriman & Carpenter Inc. now owns 2,050 shares of the payment services company’s stock worth $758,000 after buying an additional 1,119 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Barclays dropped their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. The Goldman Sachs Group upped their price objective on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Evercore set a $345.00 price objective on American Express in a report on Wednesday, April 29th. Finally, Loop Capital assumed coverage on American Express in a report on Thursday. They set a “buy” rating and a $389.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Express currently has an average rating of “Hold” and an average target price of $359.05.
American Express Stock Up 0.0%
Shares of NYSE AXP opened at $309.93 on Friday. American Express Company has a 12-month low of $281.46 and a 12-month high of $387.49. The company has a market cap of $211.48 billion, a P/E ratio of 19.33, a P/E/G ratio of 1.26 and a beta of 1.08. 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 has a fifty day moving average price of $311.23 and a 200 day moving average price of $340.89.
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the prior year, the firm earned $3.64 EPS. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express Company will post 17.59 EPS for the current fiscal year.
American Express Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were issued a $0.95 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is currently 23.71%.
More American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: American Express announced a strategic partnership with Fanatics that includes a co-branded Fanatics American Express card, exclusive fan experiences, and broader payment acceptance across select Fanatics channels, which could help drive new card acquisitions and spending volume. Article Title
- Positive Sentiment: AmEx expanded its sports-commerce strategy with Fanatics through a rewards integration and new card offering, reinforcing its premium brand and loyalty ecosystem. Article Title
- Positive Sentiment: Multiple commentary pieces pointed to American Express as one of Warren Buffett’s favorite long-term holdings, which can support investor confidence in AXP’s durable business model and valuation. Article Title
- Positive Sentiment: American Express and Main Street America awarded more than $10 million in grants to over 500 small businesses, underscoring the company’s ongoing support for Main Street merchants and small-business relationships. Article Title
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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