American Express Company $AXP Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd reduced its position in American Express Company (NYSE:AXP) by 56.5% in the 1st quarter, Holdings Channel reports. The fund owned 47,474 shares of the payment services company’s stock after selling 61,629 shares during the period. Mediolanum International Funds Ltd’s holdings in American Express were worth $14,123,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. grew its position 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 valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in American Express in the fourth quarter valued at $26,000. Sfam LLC purchased a new position in American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express during the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in American Express in the 4th quarter worth about $29,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting American Express

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AXP. Benchmark assumed coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. TD Cowen upped their price target on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Finally, Barclays increased their price target on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. One 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 assigned a Sell rating to the company. According to MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and an average target price of $374.15.

American Express Stock Performance

American Express stock opened at $355.44 on Monday. The stock’s 50-day moving average is $329.39 and its 200-day moving average is $331.02. The company has a market cap of $242.53 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping 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 $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter in the previous year, the business earned $3.64 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

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

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.