Wellington Management Group LLP Reduces Stock Holdings in American Express Company $AXP

Wellington Management Group LLP trimmed its position in shares of American Express Company (NYSE:AXP) by 23.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,219,942 shares of the payment services company’s stock after selling 962,501 shares during the period. Wellington Management Group LLP’s holdings in American Express were worth $1,089,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AXP. Evolution Wealth Management Inc. increased its holdings in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Archer Investment Corp bought a new stake in American Express in the 2nd quarter valued at about $25,000. Sfam LLC purchased a new stake in American Express during the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new position in American Express during the third quarter worth about $28,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in American Express during the fourth quarter worth about $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXP. Evercore set a $370.00 target price on shares of American Express in a research note on Monday, July 27th. BTIG Research cut their price objective on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. Piper Sandler lifted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Morgan Stanley lowered their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Finally, TD Cowen increased their target price on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. 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 company’s stock. According to MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Performance

NYSE AXP opened at $333.64 on Friday. The company’s 50 day simple moving average is $342.85 and its two-hundred day simple moving average is $326.18. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The stock has a market capitalization of $225.31 billion, a PE ratio of 20.25, a P/E/G ratio of 1.35 and a beta of 1.04.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s payout ratio is presently 23.06%.

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.