ABN AMRO Bank N.V. Grows Holdings in American Express Company $AXP

ABN AMRO Bank N.V. boosted its position in American Express Company (NYSE:AXP) by 742.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,670 shares of the payment services company’s stock after buying an additional 6,760 shares during the quarter. ABN AMRO Bank N.V.’s holdings in American Express were worth $2,845,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of American Express by 1.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,881,546 shares of the payment services company’s stock valued at $2,950,095,000 after buying an additional 146,586 shares during the last quarter. Capital World Investors raised its holdings in American Express by 0.5% in the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after acquiring an additional 24,297 shares in the last quarter. Capital Research Global Investors raised its holdings in American Express by 0.7% in the third quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock valued at $1,479,019,000 after acquiring an additional 29,331 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in American Express by 27.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after acquiring an additional 845,283 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in American Express by 2.4% during the 3rd quarter. Legal & General Group Plc now owns 3,483,876 shares of the payment services company’s stock worth $1,157,204,000 after acquiring an additional 83,189 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of AXP opened at $312.35 on Tuesday. The company has a market cap of $213.12 billion, a P/E ratio of 19.49, a PEG ratio of 1.29 and a beta of 1.08. The stock has a fifty day moving average price of $310.41 and a 200 day moving average price of $343.51. 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 $281.46 and a 12 month high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) 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 company had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period last year, the business posted $3.64 earnings per share. The firm’s quarterly 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. On average, research analysts forecast that American Express Company will post 17.59 earnings per share for the current year.

American Express Increases Dividend

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

Analysts Set New Price Targets

AXP has been the subject of several research analyst reports. Bank of America boosted their target price on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Credit Suisse Group set a $328.00 price target on American Express in a research note on Monday, January 12th. Morgan Stanley lowered their price objective on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. UBS Group restated a “neutral” rating and set a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. Finally, Truist Financial reduced their target price on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Eight research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $357.47.

Insider Transactions at American Express

In other American Express news, insider Howard Grosfield sold 8,134 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the transaction, the insider owned 9,433 shares in the company, valued at approximately $3,270,704.09. This represents a 46.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by insiders.

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.