Vise Technologies Inc. Has $12.19 Million Stock Holdings in American Express Company $AXP

Vise Technologies Inc. increased its stake in shares of American Express Company (NYSE:AXP) by 44.6% during the fourth quarter, HoldingsChannel reports. The fund owned 32,951 shares of the payment services company’s stock after buying an additional 10,165 shares during the period. Vise Technologies Inc.’s holdings in American Express were worth $12,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AXP. Norges Bank acquired a new stake in shares of American Express during the fourth quarter worth $2,464,215,000. Ameriprise Financial Inc. raised 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 acquiring an additional 845,283 shares during the period. Amundi raised its holdings 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 worth $925,449,000 after acquiring an additional 537,205 shares during the period. Danske Bank A S acquired a new stake in shares of American Express during the third quarter worth $153,292,000. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of American Express during the fourth quarter worth $166,848,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

More American Express News

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

• Positive Sentiment: American Express declared a quarterly dividend of $0.95 per share, reinforcing its cash-generation strength and commitment to returning capital to shareholders. Dividend announcement
• Positive Sentiment: American Express card spending is growing at its fastest pace in three years, suggesting healthy demand among its affluent customer base and supporting revenue trends. American Express Card Spending article
• Positive Sentiment: The company launched a new Fanatics Rewards Card targeting sports fans, which could help American Express expand into a younger and more engaged customer segment. American Express Taps Sports Fans With New Fanatics Rewards Card
• Neutral Sentiment: Coverage about American Express moving its headquarters to 2 World Trade Center points to a strategic repositioning story, but it is not likely to have an immediate effect on earnings or valuation. Why American Express is moving its HQ to 2 World Trade Center
• Neutral Sentiment: Recent commentary notes the stock has fallen significantly this year, which may reflect broader valuation pressure even as fundamentals remain solid. Is It Time To Reassess American Express (AXP) After This Year’s Share Price Pullback?
• Negative Sentiment: Investor articles also note that American Express has recently underperformed, with shares down sharply year to date, which may be limiting near-term upside despite the positive operating news. American Express declines more than market

Wall Street Analyst Weigh In

A number of brokerages recently commented on AXP. Morgan Stanley dropped their price objective 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. Truist Financial lowered 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 note on Monday, March 23rd. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company lowered 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 note on Thursday, April 9th. Finally, Loop Capital began coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. One investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $359.05.

American Express Stock Performance

Shares of AXP opened at $312.98 on Friday. The company has a market cap of $213.56 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 1.22 and a beta of 1.06. 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 firm has a 50-day moving average of $313.70 and a 200-day moving average of $337.11. American Express Company has a one year low of $286.15 and a one year high of $387.49.

American Express (NYSE:AXP) last posted 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 firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 Announces Dividend

The firm 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 $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s payout ratio is currently 23.71%.

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.