Forsta AP Fonden Raises Stock Position in American Express Company $AXP

Forsta AP Fonden lifted its stake in shares of American Express Company (NYSE:AXP) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 169,580 shares of the payment services company’s stock after buying an additional 1,580 shares during the quarter. Forsta AP Fonden’s holdings in American Express were worth $62,736,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Joseph Group Capital Management purchased a new position in shares of American Express during the fourth quarter worth approximately $26,000. Valley Wealth Managers Inc. increased its position in shares of American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after acquiring an additional 46 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the third quarter worth approximately $28,000. Guerra Advisors Inc purchased a new position in shares of American Express during the third quarter worth approximately $28,000. Finally, Torren Management LLC purchased a new position in shares of American Express during the fourth quarter worth approximately $32,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

More American Express News

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

• Positive Sentiment: American Express launched a new business card aimed at niche small and midsize businesses, including interior designers, which suggests continued product expansion and a push to deepen relationships with higher-value commercial customers. American Express Targets Niche SMEs With New Interior Designer Business Card
• Positive Sentiment: American Express cardmembers can now tap and ride on more transit systems across Canada, a small but constructive sign that the company is expanding everyday payment usage and improving card utility. American Express Cardmembers Can Now Tap and Ride on More Transit Systems Across Canada
• Neutral Sentiment: Analyst and conference coverage highlighted American Express at Bernstein’s strategic decisions conference and followed up on its strong first-quarter results, reinforcing the view that fundamentals remain solid even as consumers face pressure. American Express Keeps Buy Rating After Stellar Q1, Despite Clouds Over Consumer Confidence
• Neutral Sentiment: Options-market activity has drawn attention, which can signal expectations for a meaningful move, but the article does not provide a clear fundamental catalyst by itself. Do Options Traders Know Something About American Express Stock We Don’t?
• Neutral Sentiment: Several items were mostly background or general-interest pieces about the company’s history, workforce, or Buffett ownership rather than immediate stock drivers. History of American Express: Company timeline & facts
• Negative Sentiment: There was no major negative company-specific news in the latest set, but broader commentary noted ongoing concerns about consumer confidence, which could temper enthusiasm if spending slows. American Express Keeps Buy Rating After Stellar Q1, Despite Clouds Over Consumer Confidence

American Express Price Performance

Shares of AXP opened at $316.55 on Friday. The company has a market cap of $215.99 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.28 and a beta of 1.08. American Express Company has a twelve month low of $286.15 and a twelve month 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 company has a 50 day moving average of $312.81 and a two-hundred day moving average of $338.90.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue was up 11.4% compared to the same quarter last year. 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. As a group, analysts predict that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.2%. This is a positive change from American Express’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, April 2nd. American Express’s payout ratio is 23.71%.

Analyst Ratings Changes

A number of brokerages have recently commented on AXP. Barclays reduced their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company dropped their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Loop Capital began coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. Finally, BTIG Research reiterated a “sell” rating and set a $285.00 price objective on shares of American Express in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $359.05.

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.