Sumitomo Mitsui Financial Group Inc. Raises Stake in American Express Company $AXP

Sumitomo Mitsui Financial Group Inc. increased its holdings in American Express Company (NYSE:AXP) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,871 shares of the payment services company’s stock after buying an additional 4,008 shares during the period. American Express comprises about 0.6% of Sumitomo Mitsui Financial Group Inc.’s holdings, making the stock its 28th largest position. Sumitomo Mitsui Financial Group Inc.’s holdings in American Express were worth $32,138,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nuveen LLC boosted its position in shares of American Express by 6.0% in the 4th quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock worth $1,913,560,000 after buying an additional 293,107 shares in the last quarter. Xponance LLC boosted its position in shares of American Express by 4.5% in the 4th quarter. Xponance LLC now owns 103,029 shares of the payment services company’s stock worth $38,116,000 after buying an additional 4,396 shares in the last quarter. Canopy Partners LLC boosted its position in shares of American Express by 1.0% in the 4th quarter. Canopy Partners LLC now owns 6,211 shares of the payment services company’s stock worth $2,298,000 after buying an additional 61 shares in the last quarter. Winning Points Advisors LLC purchased a new stake in shares of American Express in the 4th quarter worth about $277,000. Finally, Prudent Man Investment Management Inc. boosted its position in shares of American Express by 601.6% in the 4th quarter. Prudent Man Investment Management Inc. now owns 449 shares of the payment services company’s stock worth $166,000 after buying an additional 385 shares in the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXP has been the topic of several recent research reports. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research report on Friday, April 10th. Truist Financial decreased their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. The Goldman Sachs Group boosted their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Wells Fargo & Company decreased their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $359.05.

American Express Price Performance

NYSE:AXP opened at $318.95 on Friday. The firm has a market cap of $217.63 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The company’s 50-day moving average is $315.36 and its two-hundred day moving average is $336.06. American Express Company has a 12-month low of $286.15 and a 12-month high of $387.49.

American Express (NYSE:AXP) last released 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. The company had revenue of $14.22 billion for 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 firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts expect that American Express Company will post 17.59 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is 23.71%.

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.