Noesis Capital Mangement Corp grew its stake in shares of American Express Company (NYSE:AXP) by 1.8% during the 1st quarter, Holdings Channel reports. The firm owned 108,971 shares of the payment services company’s stock after buying an additional 1,907 shares during the period. American Express comprises about 4.9% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 5th biggest position. Noesis Capital Mangement Corp’s holdings in American Express were worth $32,962,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new stake in American Express during the fourth quarter worth approximately $2,464,215,000. Capital World Investors lifted its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of American Express by 73.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after acquiring an additional 616,498 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after buying an additional 558,533 shares in the last quarter. Finally, Amundi lifted its holdings in shares of American Express by 23.9% in the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock worth $925,449,000 after acquiring an additional 537,205 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.
Wall Street Analysts Forecast Growth
AXP has been the topic of a number of research reports. Piper Sandler lowered shares of American Express from an “overweight” rating to a “hold” rating in a report on Monday. Morgan Stanley upgraded American Express from a “positive” rating to an “overweight” rating in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a report on Monday. HSBC boosted their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday. Finally, UBS Group increased their price target on shares of American Express from $340.00 to $386.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Express presently has an average rating of “Moderate Buy” and an average price target of $374.15.
American Express News Roundup
Here are the key news stories impacting American Express this week:
- Positive Sentiment: JPMorgan upgraded American Express to Overweight and named it a preferred pick, pointing to the company’s stronger spending-linked revenue model even as broader market worries rise.
- Positive Sentiment: American Express raised its Platinum Card annual fee to $895, a roughly 29% increase, and reports say retention remains high — a favorable sign for future card-fee revenue.
- Positive Sentiment: Several articles highlighted American Express as one of Warren Buffett’s key holdings and a stock to watch, which can support investor confidence in the long-term story.
- Positive Sentiment: Research pieces also pointed to strong earnings growth and price momentum, reinforcing expectations for solid fundamentals heading into the July 24 earnings report.
- Neutral Sentiment: American Express was featured in a branded Montauk/EDITION Hotels event, which is positive for marketing and cardholder engagement but unlikely to move the stock materially by itself.
- Neutral Sentiment: Peer-news around Visa’s AI banking assistant and the reported PayPal takeover chatter may influence sentiment for payments names broadly, but the direct impact on AXP is limited.
American Express Stock Up 1.0%
Shares of American Express stock opened at $358.61 on Thursday. The company’s 50 day moving average price is $327.75 and its 200-day moving average price is $331.30. The stock has a market capitalization of $244.69 billion, a price-to-earnings ratio of 22.37, a P/E/G ratio of 1.43 and a beta of 1.04. 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 Company has a 52-week low of $288.34 and a 52-week high of $387.49.
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. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.67 EPS for the current year.
American Express Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. 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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