Fisher Asset Management LLC Acquires 141,936 Shares of American Express Company $AXP

Fisher Asset Management LLC boosted its holdings in American Express Company (NYSE:AXP) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 9,023,482 shares of the payment services company’s stock after purchasing an additional 141,936 shares during the quarter. American Express comprises about 1.1% of Fisher Asset Management LLC’s holdings, making the stock its 24th biggest position. Fisher Asset Management LLC’s holdings in American Express were worth $3,338,238,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. grew its position 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 valued at $25,000 after purchasing an additional 46 shares in the last quarter. Joseph Group Capital Management bought a new position in American Express in the fourth quarter valued at $26,000. Guerra Advisors Inc bought a new position in American Express in the third quarter valued at $28,000. Measured Wealth Private Client Group LLC bought a new position in American Express in the third quarter valued at $28,000. Finally, Torren Management LLC bought a new position in American Express in the fourth quarter valued at $32,000. Institutional investors own 84.33% of the company’s stock.

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 Performance

Shares of AXP opened at $311.98 on Monday. The firm has a 50-day moving average of $311.35 and a 200-day moving average of $340.54. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market cap of $212.87 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. American Express Company has a one year low of $281.46 and a one year high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.22 billion during 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%. American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.64 EPS. 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 earnings per share 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 paid a dividend of $0.95 per share. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is 23.71%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Truist Financial decreased their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. BTIG Research reissued a “sell” rating and issued a $285.00 price objective on shares of American Express in a research report on Friday, April 24th. Morgan Stanley decreased their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Finally, Bank of America lifted their price objective on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.