BXM Wealth LLC Trims Stock Position in American Express Company $AXP

BXM Wealth LLC decreased its stake in American Express Company (NYSE:AXP) by 97.4% during the first quarter, Holdings Channel reports. The institutional investor owned 830 shares of the payment services company’s stock after selling 31,347 shares during the quarter. BXM Wealth LLC’s holdings in American Express were worth $251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AXP. Hudson Bay Capital Management LP lifted its holdings in American Express by 159.5% during the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock valued at $10,500,000 after purchasing an additional 19,429 shares in the last quarter. Keybank National Association OH increased its stake in shares of American Express by 3.0% during the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares in the last quarter. Investment Research Partners LLC acquired a new position in shares of American Express during the 3rd quarter worth about $1,573,000. Swiss Life Asset Management Ltd raised its position in shares of American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after purchasing an additional 35,533 shares during the last quarter. Finally, Nordea Investment Management AB lifted its stake in American Express by 6.2% in the 4th quarter. Nordea Investment Management AB now owns 2,474,363 shares of the payment services company’s stock valued at $920,710,000 after buying an additional 144,512 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Up 0.1%

Shares of NYSE:AXP opened at $340.86 on Tuesday. The business has a 50-day moving average price of $321.21 and a 200 day moving average price of $333.89. 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 company has a market capitalization of $232.57 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.40 and a beta of 1.06. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 17.64 EPS for the current year.

American Express Announces Dividend

The business also recently declared 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. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is 23.71%.

More American Express News

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

• Positive Sentiment: Several new articles from Insider Monkey and Yahoo Finance argue that American Express (AXP) remains an attractive buy, pointing to reasonable valuation, strong brand strength, and support from value investors. Is American Express Company (AXP) A Good Stock To Buy Now?
• Positive Sentiment: Coverage around AXP highlighted resilient lending and credit metrics for its U.S. small business and consumer card portfolios, suggesting disciplined underwriting and manageable credit risk. Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
• Positive Sentiment: Reports that American Express is building a stablecoin and blockchain team signal ongoing investment in digital payments innovation, which could improve the company’s competitive position over time. American Express Builds a Stablecoin Team With VP Role Paying Up to $282,000
• Positive Sentiment: Broader “best stocks to buy now” and “next decade of spending” articles featured AXP as a long-term beneficiary of premium consumer spending and earnings growth. Is American Express Built for the Next Decade of Spending?
• Neutral Sentiment: TransUnion’s new marketing chief was noted to have prior experience at American Express, but the article was primarily about TransUnion and does not appear to have a direct material impact on AXP. Is TransUnion’s (TRU) New Marketing Chief Subtly Reframing Its Data‑Driven Growth Story?

Analyst Ratings Changes

Several research firms recently issued reports on AXP. DZ Bank upgraded 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. The Goldman Sachs Group increased their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company decreased their target price on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Evercore set a $345.00 price target on American Express in a research note on Wednesday, April 29th. Finally, Loop Capital started coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus price target of $363.19.

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.