Downshift Financial LLC Makes New Investment in American Express Company $AXP

Downshift Financial LLC bought a new stake in American Express Company (NYSE:AXP) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 1,979 shares of the payment services company’s stock, valued at approximately $703,000.

A number of other hedge funds have also made changes to their positions in AXP. Norges Bank acquired a new position in American Express in the fourth quarter valued at about $2,464,215,000. Capital World Investors increased its holdings in shares of 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 buying an additional 2,393,340 shares in the last quarter. Ameriprise Financial Inc. increased its holdings 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 worth $1,310,515,000 after buying an additional 845,283 shares in the last quarter. Bank of America Corp DE raised its stake in shares of American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after acquiring an additional 558,533 shares during the last quarter. Finally, Amundi boosted its holdings in shares of American Express by 23.9% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 0.3%

NYSE:AXP opened at $338.86 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The stock’s fifty day simple moving average is $319.14 and its 200-day simple moving average is $335.16. The firm has a market capitalization of $231.22 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.39 and a beta of 1.06.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the prior year, the company posted $3.64 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts expect that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Wall Street Analyst Weigh In

AXP has been the topic of a number of research analyst reports. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a research note on Thursday. Morgan Stanley decreased their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Bank of America raised their target price on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Loop Capital started coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $360.80.

Trending Headlines about American Express

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

About American Express

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.