W.G. Shaheen & Associates DBA Whitney & Co Grows Stock Position in American Express Company $AXP

W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in American Express Company (NYSE:AXP) by 37.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,386 shares of the payment services company’s stock after acquiring an additional 1,729 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in American Express were worth $1,932,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Evolution Wealth Management Inc. boosted its stake in 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 worth $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new position in American Express during the 4th quarter valued at approximately $26,000. Sfam LLC purchased a new position in shares of American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the third quarter valued at $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of AXP opened at $361.23 on Friday. The business’s 50-day moving average is $328.60 and its two-hundred day moving average is $331.16. The company has a market capitalization of $246.48 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.44 and a beta of 1.04. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

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 analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.66 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.71%.

Trending Headlines about American Express

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

• Positive Sentiment: American Express raised the annual fee on its Platinum card to $895, a 29% increase that could lift card-fee revenue if retention stays strong, as recent reports suggest. American Express Raised Its Platinum Annual Fee to $895. Here’s What the 29% Hike Means for Card-Fee Revenue.
• Positive Sentiment: Analyst coverage continues to frame American Express as a strong financial-services name, which can support investor confidence heading into the next earnings report. Analysts Offer Insights on Financial Companies: American Express (AXP) and Metlife (MET)
• Positive Sentiment: Some investors are looking for a pre-earnings setup in American Express before the July 24 report, suggesting expectations for another solid quarter. The 1 Simple Reason to Buy American Express Before July 24 Earnings
• Neutral Sentiment: One article asks whether American Express is overpriced, but it appears to be a valuation discussion rather than a new operational issue. Is American Express (NYSE:AXP) Priced Too High?
• Neutral Sentiment: Broader payment-industry news, including Visa’s AI banking tool and PayPal-related takeover speculation, may influence sentiment for card networks, but it does not directly change American Express fundamentals. Visa Strengthens Value-Added Services With AI Assistant for Banks

Analyst Ratings Changes

A number of brokerages recently issued reports on AXP. Wells Fargo & Company reduced their target price on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $328.00 to $400.00 in a research note on Monday. Benchmark started coverage on American Express in a report on Monday. They issued a “buy” rating on the stock. Morgan Stanley raised American Express from a “positive” rating to an “overweight” rating in a report on Monday. Finally, The Goldman Sachs Group upped their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $374.15.

American Express Company 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.