American Express Company $AXP Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. boosted its holdings in shares of American Express Company (NYSE:AXP) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,673 shares of the payment services company’s stock after purchasing an additional 6,690 shares during the quarter. Cibc World Market Inc.’s holdings in American Express were worth $29,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AXP. Trajan Wealth LLC increased its holdings in shares of American Express by 30.9% in the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after acquiring an additional 5,881 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of American Express by 218.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after acquiring an additional 5,860 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. lifted its stake in American Express by 11.7% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock worth $27,524,000 after purchasing an additional 8,651 shares during the last quarter. Parr Mcknight Wealth Management Group LLC boosted its holdings in American Express by 1,243.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock worth $4,576,000 after purchasing an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP boosted its holdings in American Express by 159.5% in the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after purchasing an additional 19,429 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Trading Up 4.1%

NYSE:AXP opened at $312.98 on Friday. The stock has a market cap of $213.56 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 1.22 and a beta of 1.06. 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 1 year low of $286.15 and a 1 year high of $387.49. The business has a fifty day moving average of $313.70 and a 200-day moving average of $337.11.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.22 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%. The company’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts predict that American Express Company will post 17.59 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is 23.71%.

Analysts Set New Price Targets

A number of analysts have weighed in on AXP shares. Wells Fargo & Company dropped their target price 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. Bank of America lifted their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report 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. Morgan Stanley cut their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Finally, Truist Financial decreased their target price on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine 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 stock currently has an average rating of “Hold” and an average target price of $359.05.

Key American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express says card spending is growing at its fastest pace in three years, suggesting resilient demand from affluent consumers and reinforcing the company’s core growth engine. Article Title
• Positive Sentiment: American Express introduced a new Fanatics Rewards card aimed at sports fans, a sign it is still using product launches to deepen engagement and attract new spending. Article Title
• Neutral Sentiment: A broader market rally lifted financial stocks, which may have provided some support to American Express, but the stock was still reacting more to company-specific sentiment than to the sector move. Article Title
• Neutral Sentiment: Several commentary pieces revisited whether AXP is attractive after its year-to-date decline, highlighting valuation concerns rather than any new fundamental problem. Article Title
• Negative Sentiment: Recent market coverage noted that American Express had declined more than the broader market, reflecting ongoing investor caution and recent share-price weakness. Article Title

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.