Maj Invest Holding A S Sells 155,159 Shares of American Express Company $AXP

Maj Invest Holding A S lessened its stake in shares of American Express Company (NYSE:AXP) by 33.3% during the fourth quarter, HoldingsChannel reports. The firm owned 311,080 shares of the payment services company’s stock after selling 155,159 shares during the period. American Express accounts for 5.4% of Maj Invest Holding A S’s portfolio, making the stock its 9th largest position. Maj Invest Holding A S’s holdings in American Express were worth $115,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Valley Wealth Managers Inc. lifted its stake in shares of American Express by 153.3% in the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after acquiring an additional 46 shares in the last quarter. Joseph Group Capital Management acquired a new position in shares of American Express in the fourth quarter worth about $26,000. Guerra Advisors Inc acquired a new position in shares of American Express in the third quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the third quarter worth about $28,000. Finally, Torren Management LLC acquired a new position in shares of American Express in the fourth quarter worth about $32,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. JPMorgan Chase & Co. cut their price target on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Bank of America boosted their price target on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Barclays cut their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Evercore set a $345.00 price target on American Express in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $357.47.

American Express Stock Down 0.3%

NYSE:AXP opened at $312.42 on Tuesday. The firm has a market capitalization of $213.17 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. The stock has a 50 day moving average of $310.84 and a 200-day moving average of $341.93. American Express Company has a 52 week low of $281.46 and a 52 week high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last posted 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. The company had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, April 2nd. American Express’s dividend payout ratio is currently 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.