Canoe Financial LP Decreases Stake in American Express Company $AXP

Canoe Financial LP cut its stake in American Express Company (NYSE:AXP) by 94.8% in the first quarter, Holdings Channel reports. The firm owned 16,500 shares of the payment services company’s stock after selling 303,244 shares during the period. Canoe Financial LP’s holdings in American Express were worth $4,991,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of AXP. Evolution Wealth Management Inc. increased its position in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management purchased a new stake in American Express during the 4th quarter valued at about $26,000. Sfam LLC purchased a new stake in American Express during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the third quarter valued at about $28,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $341.11 on Monday. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The stock has a market cap of $232.75 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06. The business has a 50-day simple moving average of $320.91 and a 200-day simple moving average of $334.05.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.21 billion for 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 revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 17.64 EPS for the current year.

American Express Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.71%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AXP. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Barclays cut their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Wells Fargo & Company reduced their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research note on Friday, April 10th. Finally, DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $361.55.

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.