American Express Company $AXP Shares Sold by Allworth Financial LP

Allworth Financial LP decreased its holdings in American Express Company (NYSE:AXP) by 7.4% in the fourth quarter, Holdings Channel reports. The fund owned 161,393 shares of the payment services company’s stock after selling 12,852 shares during the period. Allworth Financial LP’s holdings in American Express were worth $59,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in American Express by 27.0% during the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after buying an additional 845,283 shares in the last quarter. Amundi increased its stake in shares of American Express by 23.9% in the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock worth $925,449,000 after acquiring an additional 537,205 shares during the last quarter. Danske Bank A S acquired a new position in shares of American Express during the 3rd quarter valued at about $153,292,000. PFA Pension Forsikringsaktieselskab purchased a new position in American Express during the fourth quarter worth about $166,848,000. Finally, Capital Wealth Planning LLC boosted its holdings in American Express by 18.5% in the 3rd quarter. Capital Wealth Planning LLC now owns 2,169,242 shares of the payment services company’s stock valued at $720,535,000 after purchasing an additional 337,991 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company decreased their price target on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Evercore set a $345.00 price objective on American Express in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $357.47.

American Express Stock Performance

NYSE AXP opened at $309.25 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market cap of $211.01 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.28 and a beta of 1.08. The stock has a 50-day moving average of $310.58 and a two-hundred day moving average of $342.93. American Express Company has a 1-year low of $281.46 and a 1-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 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. The business had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts anticipate that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

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