Palumbo Wealth Management LLC Makes New $631,000 Investment in American Express Company $AXP

Palumbo Wealth Management LLC purchased a new position in shares of American Express Company (NYSE:AXP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,706 shares of the payment services company’s stock, valued at approximately $631,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valley Wealth Managers Inc. boosted its holdings in shares of American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after buying an additional 46 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of American Express during the 3rd quarter worth approximately $27,000. Guerra Advisors Inc bought a new position in shares of American Express during the 3rd quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of American Express during the 3rd quarter worth approximately $28,000. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in shares of American Express by 210.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock worth $29,000 after buying an additional 59 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXP has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of American Express in a report on Friday, March 27th. Truist Financial cut their price target on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. BTIG Research cut their target price on American Express from $328.00 to $285.00 and set a “sell” rating on the stock in a report on Monday, March 16th. UBS Group reiterated a “neutral” rating and issued a $395.00 target price on shares of American Express in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. cut their target price on American Express from $385.00 to $375.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $350.86.

Trending Headlines about American Express

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

• Positive Sentiment: Platinum card refresh is lifting engagement and customer spend, which supports revenue and loyalty even as AmEx invests to upgrade benefits. This underpins hopes for continued spend growth from premium cardholders. AXP Platinum Refresh Article
• Positive Sentiment: New multi‑year partnerships across dining, sports and lifestyle (including NFL and dining deals) are being highlighted by analysts as customer‑engagement drivers that can raise branded spend and card retention. Partnerships & Valuation Article
• Positive Sentiment: Several outlets and analysts (TipRanks, MarketBeat contrarian pieces) view AXP as undervalued after the pullback, arguing the company is widening its moat and that fundamentals (EPS growth, dividend increases) justify a buy for long‑term investors. TipRanks Moat Article
• Neutral Sentiment: Fintech competitor Aspire is expanding into the U.S. market to compete with corporate financial stacks; this adds competitive noise in the commercial/SMB payments space but isn’t an immediate threat to AmEx’s core consumer premium franchise. Aspire US Expansion Article
• Negative Sentiment: Barclays cut its price target to $323 and moved to an “equal weight” rating, signaling reduced upside from peers and tempering near‑term analyst sentiment. That reset is weighing on valuation expectations. Barclays Price Target Cut Article
• Negative Sentiment: Rising benefits and rewards costs tied to the Platinum refresh are pressuring margins; several writeups note stronger spend but tighter profit per dollar of spend, which could compress near‑term margins until yields or pricing adjusts. Zacks Margin Pressure Article

Insider Buying and Selling

In related news, insider Howard Grosfield sold 8,134 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the sale, the insider directly owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Denise Pickett sold 23,385 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $356.91, for a total value of $8,346,340.35. Following the completion of the sale, the insider directly owned 7,754 shares of the company’s stock, valued at $2,767,480.14. The trade was a 75.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 73,944 shares of company stock valued at $26,114,366. 0.20% of the stock is owned by corporate insiders.

American Express Price Performance

Shares of AXP opened at $306.35 on Wednesday. The stock has a market cap of $210.09 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.27 and a beta of 1.13. The business’s fifty day moving average is $321.30 and its 200 day moving average is $345.53. American Express Company has a 12-month low of $226.26 and a 12-month high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.01). The company had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.04 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Friday, April 3rd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, April 2nd. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is currently 24.69%.

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.