Orange Investment Advisors Inc. reduced its position in shares of American Express Company (NYSE:AXP) by 4.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,968 shares of the payment services company’s stock after selling 1,480 shares during the quarter. American Express accounts for approximately 1.4% of Orange Investment Advisors Inc.’s holdings, making the stock its 18th biggest position. Orange Investment Advisors Inc.’s holdings in American Express were worth $10,577,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AXP. Hudson Bay Capital Management LP increased its holdings in American Express by 159.5% in the 3rd quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after acquiring an additional 19,429 shares in the last quarter. Keybank National Association OH lifted its holdings in American Express by 3.0% during the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after purchasing an additional 10,495 shares in the last quarter. Investment Research Partners LLC bought a new position in shares of American Express in the third quarter worth approximately $1,573,000. Swiss Life Asset Management Ltd boosted its position in shares of American Express by 34.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after purchasing an additional 35,533 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of American Express by 6.2% in the fourth quarter. Nordea Investment Management AB now owns 2,474,363 shares of the payment services company’s stock worth $920,710,000 after purchasing an additional 144,512 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Evercore set a $345.00 price objective on shares of American Express in a research report on Wednesday, April 29th. The Goldman Sachs Group increased their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Bank of America raised 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. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada set a $415.00 target price on American Express in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has assigned 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 $361.55.
American Express Price Performance
Shares of NYSE:AXP opened at $341.11 on Monday. The firm has a market cap of $232.75 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 1.40 and a beta of 1.06. The firm has a fifty day moving average price of $320.91 and a 200 day moving average price of $334.05. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.
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 analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts expect that American Express Company will post 17.64 earnings per share 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 issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is 23.71%.
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.
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