American Express Company $AXP Shares Purchased by Notis McConarty Edward

Notis McConarty Edward increased its stake in shares of American Express Company (NYSE:AXP) by 49.8% in the 4th quarter, HoldingsChannel reports. The firm owned 7,944 shares of the payment services company’s stock after buying an additional 2,640 shares during the quarter. American Express makes up 1.4% of Notis McConarty Edward’s portfolio, making the stock its 27th largest position. Notis McConarty Edward’s holdings in American Express were worth $2,939,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AXP. Evolution Wealth Management Inc. raised its position in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new stake in American Express in the 4th quarter worth approximately $26,000. Sfam LLC purchased a new stake in American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in American Express in the 3rd quarter worth approximately $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express News Summary

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

• Positive Sentiment: American Express agreed to buy TheFork for $700 million, adding more than 50,000 European restaurants to its dining network and expanding the company’s premium lifestyle offerings. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: Analysts and market commentary suggest the deal could improve AmEx’s competitive positioning in dining and experiences, which may support customer acquisition and cardholder spending over time. Analysts Offer Insights on Financial Companies: Visa (V) and American Express (AXP)
• Neutral Sentiment: BTIG reaffirmed its sell rating on American Express with a $285 price target, signaling lingering valuation concerns despite the recent stock strength.

Analysts Set New Price Targets

Several research firms have commented on AXP. Bank of America lifted their target price on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Morgan Stanley lowered their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. The Goldman Sachs Group lifted their target price on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. 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 target price for the company. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $359.05.

American Express Stock Up 1.7%

Shares of NYSE AXP opened at $341.06 on Wednesday. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The firm has a fifty day moving average of $317.35 and a 200-day moving average of $335.49. The stock has a market capitalization of $232.72 billion, a PE ratio of 21.28, a P/E/G ratio of 1.36 and a beta of 1.06. 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 (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the previous year, the company earned $3.64 EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts anticipate that American Express Company will post 17.59 EPS for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is currently 23.71%.

American Express Company 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.