Sustainable Growth Advisers LP Sells 191,137 Shares of American Express Company $AXP

Sustainable Growth Advisers LP reduced its stake in American Express Company (NYSE:AXP) by 23.6% in the 4th quarter, Holdings Channel reports. The firm owned 617,890 shares of the payment services company’s stock after selling 191,137 shares during the period. American Express accounts for approximately 1.6% of Sustainable Growth Advisers LP’s holdings, making the stock its 24th biggest position. Sustainable Growth Advisers LP’s holdings in American Express were worth $228,588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Norges Bank acquired a new stake in American Express in the 4th quarter worth approximately $2,464,215,000. Ameriprise Financial Inc. lifted its holdings in American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after purchasing an additional 845,283 shares during the last quarter. Amundi lifted its holdings in 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 purchasing an additional 537,205 shares during the last quarter. Danske Bank A S acquired a new stake in American Express in the 3rd quarter worth approximately $153,292,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in American Express in the 4th quarter worth approximately $166,848,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on AXP. Morgan Stanley reduced their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Wells Fargo & Company reduced their target price on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Barclays reduced their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Finally, Evercore set a $345.00 target price on American Express in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and an average price target of $359.05.

American Express Stock Performance

AXP opened at $313.88 on Tuesday. The stock has a market cap of $214.17 billion, a PE ratio of 19.58, a P/E/G ratio of 1.29 and a beta of 1.06. 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 $286.15 and a 1 year high of $387.49. The stock’s 50 day simple moving average is $313.18 and its 200-day simple moving average is $338.30.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) 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 return on equity of 33.95% and a net margin of 15.13%.American Express’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts forecast that American Express Company will post 17.59 EPS for the current year.

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.