Hendley & Co. Inc. Lowers Stake in American Express Company $AXP

Hendley & Co. Inc. reduced its stake in shares of American Express Company (NYSE:AXP) by 67.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,090 shares of the payment services company’s stock after selling 2,300 shares during the quarter. Hendley & Co. Inc.’s holdings in American Express were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in AXP. Trajan Wealth LLC increased its holdings in American Express by 30.9% in the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after buying an additional 5,881 shares during the period. Hillsdale Investment Management Inc. increased its holdings in American Express by 218.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock worth $2,837,000 after buying an additional 5,860 shares during the period. Sumitomo Mitsui Financial Group Inc. increased its holdings in American Express by 11.7% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock worth $27,524,000 after buying an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC increased its holdings in American Express by 1,243.9% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock worth $4,576,000 after buying an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP increased its holdings in American Express by 159.5% in the 3rd quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after buying an additional 19,429 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on AXP shares. Morgan Stanley lowered their price objective on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. JPMorgan Chase & Co. lowered their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Wells Fargo & Company lowered their price objective 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. Finally, Royal Bank Of Canada set a $415.00 target price on American Express in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Express presently has a consensus rating of “Hold” and an average price target of $357.47.

American Express Stock Up 0.3%

NYSE AXP opened at $313.69 on Friday. The business has a fifty day moving average price of $310.73 and a 200 day moving average price of $342.41. American Express Company has a one year low of $281.46 and a one year 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. The company has a market cap of $214.04 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.27 and a beta of 1.08.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the prior year, the company earned $3.64 EPS. The firm’s revenue 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. Research analysts anticipate that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

The business 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 is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s dividend payout ratio is 23.71%.

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.