American Express Company $AXP Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its holdings in American Express Company (NYSE:AXP) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,349 shares of the payment services company’s stock after selling 1,740 shares during the quarter. Anchor Capital Advisors LLC’s holdings in American Express were worth $19,736,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AXP. Brighton Jones LLC increased its position in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after acquiring an additional 1,273 shares during the period. Sivia Capital Partners LLC increased its position in shares of American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of American Express during the 2nd quarter valued at $428,000. Howland Capital Management LLC increased its position in shares of American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after purchasing an additional 90 shares during the period. Finally, HUB Investment Partners LLC increased its position in shares of American Express by 19.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after purchasing an additional 481 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AXP. Wells Fargo & Company lowered their price target 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. The Goldman Sachs Group lifted their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada set a $415.00 target price on American Express in a report on Friday, April 10th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. decreased their target price on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $359.05.

American Express Stock Performance

Shares of NYSE AXP opened at $310.94 on Wednesday. American Express Company has a 52-week low of $286.15 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 capitalization of $212.16 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.28 and a beta of 1.06. The stock’s fifty day simple moving average is $313.18 and its 200 day simple moving average is $338.30.

American Express (NYSE:AXP) last issued 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. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the company posted $3.64 earnings per share. American Express’s revenue for the quarter 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. As a group, sell-side analysts forecast that American Express Company will post 17.59 earnings per share for the current fiscal year.

About American Express

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.