New Age Alpha Advisors LLC Sells 5,590 Shares of American Express Company $AXP

New Age Alpha Advisors LLC reduced its stake in American Express Company (NYSE:AXP) by 20.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,169 shares of the payment services company’s stock after selling 5,590 shares during the period. New Age Alpha Advisors LLC’s holdings in American Express were worth $7,831,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AXP. Joseph Group Capital Management purchased a new stake in American Express in the fourth quarter worth about $26,000. Valley Wealth Managers Inc. grew its holdings in 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 purchasing an additional 46 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in American Express in the third quarter worth about $28,000. Guerra Advisors Inc purchased a new stake in American Express in the third quarter worth about $28,000. Finally, Torren Management LLC purchased a new stake in American Express in the fourth quarter worth about $32,000. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on AXP. Truist Financial cut their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Wells Fargo & Company cut their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a report on Friday, April 10th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Finally, Loop Capital began coverage on shares of American Express in a report on Thursday. They issued a “buy” rating and a $389.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $359.05.

Trending Headlines about American Express

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 Stock Up 0.1%

AXP opened at $311.98 on Monday. 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 Company has a 1-year low of $281.46 and a 1-year high of $387.49. The company has a market capitalization of $212.87 billion, a PE ratio of 19.46, a PEG ratio of 1.27 and a beta of 1.08. The firm’s 50 day simple moving average is $311.35 and its two-hundred day simple moving average is $340.54.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping 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 business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts forecast that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is 23.71%.

American Express 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.