Catalyst Funds Management Pty Ltd decreased its stake in shares of American Express Company (NYSE:AXP) by 52.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,240 shares of the payment services company’s stock after selling 3,560 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in American Express were worth $1,199,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Pathfinder Wealth Consulting Inc. bought a new position in shares of American Express in the fourth quarter valued at approximately $315,000. MQS Management LLC bought a new position in American Express during the fourth quarter worth about $913,000. Planning Alternatives Ltd. ADV lifted its stake in shares of American Express by 9.1% during the 4th quarter. Planning Alternatives Ltd. ADV now owns 1,090 shares of the payment services company’s stock valued at $403,000 after buying an additional 91 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of American Express by 25.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,924 shares of the payment services company’s stock valued at $2,191,000 after buying an additional 1,218 shares in the last quarter. Finally, Delta Financial Advisors LLC lifted its stake in shares of American Express by 16.7% during the 4th quarter. Delta Financial Advisors LLC now owns 2,464 shares of the payment services company’s stock valued at $912,000 after buying an additional 353 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.
Analyst Upgrades and Downgrades
AXP has been the topic of several recent analyst reports. UBS Group reiterated a “neutral” rating and issued a $395.00 target price on shares of American Express in a research note on Wednesday, February 4th. BTIG Research reiterated a “sell” rating and issued a $285.00 target price on shares of American Express in a research note on Friday, April 24th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Loop Capital started coverage on shares of American Express in a report on Thursday. They issued a “buy” rating and a $389.00 price target on the stock. Finally, Barclays decreased their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $359.05.
American Express Price Performance
Shares of NYSE:AXP opened at $311.98 on Friday. The company’s fifty day moving average price is $311.35 and its 200-day moving average price is $340.69. The firm has a market capitalization of $212.87 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.27 and a beta of 1.08. American Express Company has a one year low of $281.46 and a one year high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.
American Express (NYSE:AXP – Get Free Report) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter last 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. On average, equities research analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.
American Express Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is 23.71%.
More American Express News
Here are the key news stories impacting American Express this week:
- Positive Sentiment: Analysts highlighted American Express’s resilient premium spending, strong earnings growth, and expanding lifestyle ecosystem as reasons it may have more upside than PayPal. American Express vs. PayPal: Which Fintech Stock Has More Upside?
- Positive Sentiment: American Express expanded its sports-commerce strategy through a Fanatics tie-up, adding a co-branded card and rewards integration that could support card usage and customer engagement. AmEx Expands Sports Commerce Strategy With Fanatics Tie-Up
- Positive Sentiment: American Express was also mentioned as one of Warren Buffett’s long-term “forever” holdings, reinforcing investor confidence in the company’s durable business model and cash-generating ability. Warren Buffett’s favorite stocks to buy and hold forever
- Neutral Sentiment: Other articles simply reiterated American Express’s status as a Buffett-backed dividend and quality financial stock, which supports the investment case but does not represent a new catalyst. 2 Warren Buffett Stocks That Pay You a Passive Income
- Neutral Sentiment: A broader market piece said weakness in American Express is drawing attention to S&P 500 value stocks, which is more of a commentary on relative valuation than a direct negative company-specific development. American Express Weakness Puts S&P 500 Value In Focus
- Neutral Sentiment: Promotional news about new Hilton and Marriott card offers may support future card sign-ups, but it appears to be routine marketing rather than a major earnings-moving event. New Hilton and Marriott credit card offers — earn up to 175,000 points
American Express Company 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.
Further Reading
- Five stocks we like better than American Express
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
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.
