American Express Company $AXP Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC decreased its stake in shares of American Express Company (NYSE:AXP) by 16.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,786 shares of the payment services company’s stock after selling 4,914 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in American Express were worth $9,170,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp increased its position in American Express by 10.0% during the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after purchasing an additional 28 shares during the last quarter. Capital Asset Advisory Services LLC increased its position in American Express by 2.4% during the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after purchasing an additional 28 shares during the last quarter. Lantz Financial LLC increased its position in American Express by 3.6% during the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock worth $299,000 after purchasing an additional 28 shares during the last quarter. Financial Management Network Inc. increased its position in American Express by 0.8% during the fourth quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock worth $1,394,000 after purchasing an additional 29 shares during the last quarter. Finally, Central Bank & Trust Co. increased its position in American Express by 1.1% during the fourth quarter. Central Bank & Trust Co. now owns 2,620 shares of the payment services company’s stock worth $969,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of AXP stock opened at $313.76 on Thursday. The company has a market capitalization of $214.09 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06. The firm has a fifty day simple moving average of $315.03 and a 200-day simple moving average of $336.30. 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 twelve month low of $286.15 and a twelve month high of $387.49.

American Express (NYSE:AXPGet Free Report) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The business 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 quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. BTIG Research reaffirmed a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Friday, April 24th. Bank of America upped their price target on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group upped their price target on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Truist Financial dropped 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. Finally, Wells Fargo & Company cut their target price 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Express has a consensus rating of “Hold” and a consensus target price of $359.05.

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American Express Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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