American Express Company $AXP Holdings Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 26.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 277,571 shares of the payment services company’s stock after selling 99,185 shares during the period. Los Angeles Capital Management LLC’s holdings in American Express were worth $99,615,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of AXP. Norges Bank bought a new stake in shares of American Express during the fourth quarter valued at about $2,464,215,000. Ameriprise Financial Inc. raised its stake in shares of American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after purchasing an additional 845,283 shares in the last quarter. Amundi raised its stake in shares of American Express by 23.9% during the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after purchasing an additional 537,205 shares in the last quarter. Danske Bank A S bought a new stake in shares of American Express during the third quarter valued at about $153,292,000. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of American Express during the fourth quarter valued at about $166,848,000. 84.33% of the stock is currently owned by institutional investors.

Key American Express News

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

• Positive Sentiment: American Express announced a quarterly dividend of $0.95 per share, reinforcing its shareholder-return profile. The dividend is payable on August 10 to holders of record on July 2. Article Title
• Positive Sentiment: A broader market rally boosted financial stocks, which can help sentiment around American Express as part of the sector. Article Title
• Neutral Sentiment: One article highlighted Navan’s AI-powered travel and expense platform as a challenger to entrenched providers including American Express, but this is more of a competitive backdrop than a direct near-term catalyst. Article Title
• Neutral Sentiment: Coverage also noted that American Express card spending is growing at its fastest pace in three years, which supports the long-term consumer-spending story, though investors remain focused on whether affluent demand can hold up. Article Title
• Negative Sentiment: Several market recaps emphasized that AXP has been trending lower recently, with shares down year to date and trading below key moving averages, suggesting ongoing valuation and momentum pressure. Article Title

American Express Price Performance

Shares of American Express stock opened at $310.48 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The company’s 50-day moving average price is $313.91 and its two-hundred day moving average price is $336.92. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49. The stock has a market cap of $211.85 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.26 and a beta of 1.06.

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

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AXP shares. Loop Capital initiated coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. Royal Bank Of Canada set a $415.00 price target on shares of American Express in a research report on Friday, April 10th. Wells Fargo & Company dropped their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Truist Financial dropped their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $359.05.

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.