Commerzbank Aktiengesellschaft FI Lowers Holdings in American Express Company $AXP

Commerzbank Aktiengesellschaft FI reduced its stake in shares of American Express Company (NYSE:AXP) by 17.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 19,482 shares of the payment services company’s stock after selling 3,996 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in American Express were worth $5,893,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Capital Asset Advisory Services LLC boosted its stake in shares of American Express by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after buying an additional 28 shares during the last quarter. Lantz Financial LLC raised its position in American Express by 3.6% during the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after acquiring an additional 28 shares in the last quarter. Financial Management Network Inc. boosted its position in American Express by 0.8% in the 4th quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock worth $1,394,000 after purchasing an additional 29 shares in the last quarter. Central Bank & Trust Co. boosted its position in American Express by 1.1% in the 4th quarter. Central Bank & Trust Co. now owns 2,620 shares of the payment services company’s stock worth $969,000 after purchasing an additional 29 shares in the last quarter. Finally, Burns J W & Co. Inc. NY grew its stake in shares of American Express by 2.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 1,400 shares of the payment services company’s stock worth $518,000 after purchasing an additional 29 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP opened at $351.81 on Tuesday. 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 firm has a fifty day moving average of $330.18 and a 200 day moving average of $330.87. The firm has a market cap of $240.05 billion, a PE ratio of 21.95, a PEG ratio of 1.43 and a beta of 1.04. American Express Company has a one year low of $288.34 and a one year high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the firm posted $3.64 earnings per share. The company’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. As a group, research analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

AXP has been the subject of several analyst reports. BTIG Research boosted their target price on shares of American Express from $285.00 to $324.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Barclays increased their target price 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. HSBC lifted their price target on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Finally, Benchmark started coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $374.11.

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.