Equitable Trust Co. Sells 4,501 Shares of American Express Company $AXP

Equitable Trust Co. lessened its holdings in American Express Company (NYSE:AXP) by 8.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 50,724 shares of the payment services company’s stock after selling 4,501 shares during the quarter. Equitable Trust Co.’s holdings in American Express were worth $15,343,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in American Express in the fourth quarter worth approximately $2,464,215,000. Capital World Investors increased its holdings in shares of American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares during the period. Ameriprise Financial Inc. raised its position in shares of American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after acquiring an additional 845,283 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of American Express by 73.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after acquiring an additional 616,498 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after purchasing an additional 558,533 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express News Summary

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

• Positive Sentiment: Bank of America raised its price target on American Express to $391 from $387 and kept a buy rating, signaling confidence in further upside from current levels.
• Positive Sentiment: American Express broke ground on its new global headquarters at 2 World Trade Center, a high-profile milestone that highlights long-term investment in the brand and its New York footprint. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Positive Sentiment: Several recent articles point to solid spending growth, rising revenues, and strong premium-customer positioning, which supports the view that AXP remains a quality long-term financial stock.
• Neutral Sentiment: Market commentary and options-market articles suggest traders are watching for a potential near-term move, but these pieces are more speculative than fundamental.
• Negative Sentiment: AXP was reported to have fallen more than the broader market in the prior session, reflecting some short-term volatility and profit-taking after its recent run-up.

American Express Stock Performance

Shares of American Express stock opened at $346.34 on Friday. The company has a 50 day moving average price of $324.91 and a 200 day moving average price of $332.08. The firm has a market capitalization of $236.32 billion, a P/E ratio of 21.61, a PEG ratio of 1.39 and a beta of 1.04. 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 Company has a 52 week low of $288.34 and a 52 week high of $387.49.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping 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 $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the firm earned $3.64 EPS. American Express’s 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. Sell-side analysts expect that American Express Company will post 17.66 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 issued 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 payout ratio is 23.71%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AXP shares. The Goldman Sachs Group raised their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Loop Capital began coverage on shares of American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. JPMorgan Chase & Co. decreased their price target on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Finally, TD Cowen lifted their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $368.70.

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.