Cullinan Associates Inc. Sells 2,740 Shares of American Express Company $AXP

Cullinan Associates Inc. decreased its stake in shares of American Express Company (NYSE:AXP) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,540 shares of the payment services company’s stock after selling 2,740 shares during the period. American Express accounts for approximately 1.0% of Cullinan Associates Inc.’s holdings, making the stock its 25th biggest holding. Cullinan Associates Inc.’s holdings in American Express were worth $12,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital Asset Advisory Services LLC lifted its position in shares of 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 in the last quarter. Lantz Financial LLC increased its holdings in shares of American Express by 3.6% in the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after purchasing an additional 28 shares in the last quarter. Financial Management Network Inc. lifted its holdings in American Express by 0.8% during the 4th quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock worth $1,394,000 after buying an additional 29 shares in the last quarter. Central Bank & Trust Co. increased its stake in shares of American Express by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 2,620 shares of the payment services company’s stock valued at $969,000 after buying an additional 29 shares during the period. Finally, Burns J W & Co. Inc. NY increased its stake in shares of American Express by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 1,400 shares of the payment services company’s stock valued at $518,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express News Roundup

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

• Positive Sentiment: American Express is expanding AI across payments, including new tools and security features, which could improve customer experience, fraud prevention, and long-term growth prospects. Can AmEx’s AI Investments Unlock the Next Phase of Growth?
• Positive Sentiment: Bank of America raised its price target on AXP to $391 from $387 and kept a buy rating, signaling continued confidence in upside from current levels. American Express price target raised by Bank of America Corporation
• Positive Sentiment: Some recent commentary says the stock may be a bargain after its pullback this year, with upcoming second-quarter earnings viewed as a potential catalyst for a rebound. Is American Express Stock a Bargain?
• Neutral Sentiment: American Express also broke ground on its new global headquarters at 2 World Trade Center, a long-term strategic project that supports brand and operational growth but is not an immediate earnings driver. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Negative Sentiment: Recent articles note AXP has been under pressure this year and fell more sharply than the broader market in the latest session, reminding investors that sentiment is still somewhat fragile ahead of earnings. American Express (AXP) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analyst Ratings Changes

Several equities analysts have recently issued reports on AXP shares. The Goldman Sachs Group upped their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. 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 report on Thursday, April 16th. Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. Evercore set a $380.00 target price on American Express in a report on Monday, July 6th. Finally, Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $368.70.

American Express Stock Up 1.1%

Shares of NYSE AXP traded up $3.80 during mid-day trading on Friday, reaching $350.52. 2,791,983 shares of the company’s stock were exchanged, compared to its average volume of 3,064,715. American Express Company has a twelve month low of $288.34 and a twelve month high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $239.17 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.44 and a beta of 1.04. The business has a fifty day simple moving average of $325.61 and a 200 day simple moving average of $332.21.

American Express (NYSE:AXP) last issued 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. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts expect that American Express Company will post 17.67 EPS for the current fiscal 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 given 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 dividend 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.