2,652 Shares in American Express Company $AXP Purchased by PeakShares LLC

PeakShares LLC purchased a new position in American Express Company (NYSE:AXP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,652 shares of the payment services company’s stock, valued at approximately $981,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after acquiring an additional 369,967 shares during the period. Fisher Asset Management LLC grew its holdings in American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after purchasing an additional 141,936 shares during the period. Bank of America Corp DE grew its holdings in American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after purchasing an additional 558,533 shares during the period. Capital World Investors increased its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Finally, Norges Bank acquired a new position in American Express during the fourth quarter worth approximately $2,464,215,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.3%

Shares of NYSE AXP opened at $338.86 on Friday. The stock has a fifty day moving average price of $319.14 and a 200 day moving average price of $335.16. 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 12-month low of $288.34 and a 12-month high of $387.49. The company has a market cap of $231.22 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.39 and a beta of 1.06.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter in the previous year, the firm posted $3.64 earnings per share. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Dividend Announcement

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

American Express News Roundup

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

Wall Street Analyst Weigh In

AXP has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Truist Financial cut their target price on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. BTIG Research reiterated a “sell” rating and issued a $285.00 target price on shares of American Express in a report on Tuesday. Finally, DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $360.80.

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.