Swiss National Bank Boosts Holdings in American Express Company $AXP

Swiss National Bank lifted its holdings in American Express Company (NYSE:AXP) by 6.0% in the first quarter, HoldingsChannel reports. The firm owned 1,617,299 shares of the payment services company’s stock after buying an additional 91,760 shares during the quarter. Swiss National Bank’s holdings in American Express were worth $489,201,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. grew its stake in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express during the fourth quarter worth $26,000. Sfam LLC acquired a new stake in shares of American Express in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express in the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express in the third quarter valued at $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXP has been the subject of several analyst reports. Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 target price for the company. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. UBS Group boosted their price objective on American Express from $340.00 to $386.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Piper Sandler lowered shares of American Express from an “overweight” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Bank of America raised their target price on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $374.15.

American Express Stock Performance

Shares of AXP stock opened at $355.44 on Friday. The company has a market cap of $242.52 billion, a P/E ratio of 22.17, a PEG ratio of 1.43 and a beta of 1.04. The firm has a fifty day moving average price of $329.39 and a 200 day moving average price of $331.33. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. 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 quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share 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 return on equity of 33.95% and a net margin of 15.13%.American Express’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Key American Express News

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

• Neutral Sentiment: Jefferies reiterated its Hold rating on American Express, signaling a wait-and-see stance rather than a more bullish upgrade. Jefferies Sticks to Their Hold Rating for American Express (AXP)
• Neutral Sentiment: Barclays also kept a Hold rating on AXP, reinforcing the view that analysts are not seeing an immediate upside catalyst. Barclays Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Zacks-related coverage noted that American Express has been attracting trading attention, but the article does not point to a fresh operational update or earnings surprise. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Another Zacks piece similarly frames AXP as a trending stock without adding a new fundamental driver. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Coverage ahead of earnings highlighted that American Express was expected to report results soon, but the item itself did not provide a new beat/miss or guidance update. American Express (AXP) Projected to Release Earnings on Friday

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.