Macquarie Group Ltd. Decreases Stock Holdings in American Express Company $AXP

Macquarie Group Ltd. trimmed its holdings in American Express Company (NYSE:AXP) by 79.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,857 shares of the payment services company’s stock after selling 427,951 shares during the quarter. Macquarie Group Ltd.’s holdings in American Express were worth $40,604,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Fisher Asset Management LLC lifted its stake in American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after purchasing an additional 141,936 shares in the last quarter. Capital World Investors lifted its stake in American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares in the last quarter. Norges Bank purchased a new position in American Express in the 4th quarter worth approximately $2,464,215,000. Nuveen LLC lifted its stake in 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 purchasing an additional 293,107 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in American Express by 0.3% in the 4th quarter. Capital Research Global Investors now owns 4,467,637 shares of the payment services company’s stock worth $1,652,810,000 after purchasing an additional 14,977 shares in the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Up 2.2%

Shares of NYSE AXP opened at $325.37 on Friday. The company has a 50 day simple moving average of $315.83 and a 200-day simple moving average of $335.98. The company has a market capitalization of $222.01 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.30 and a beta of 1.06. 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 1 year low of $286.15 and a 1 year high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter last year, the firm earned $3.64 EPS. The business’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. On average, equities research analysts predict that American Express Company will post 17.59 earnings per share for the current year.

American Express Dividend Announcement

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

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express and Delta Air Lines rolled out refreshed SkyMiles card benefits, updated card designs, and new welcome offers for card members, which could help support cardholder growth and spending. American Express Company (AXP) and Delta Refresh SkyMiles Card Benefits
• Positive Sentiment: CNBC’s “Final Trades” highlighted American Express as a top pick, which can add investor attention and reinforce confidence in the stock. American Express, Live Nation And A Health Care Stock: CNBC’s ‘Final Trades’
• Neutral Sentiment: Several recent writeups note that analysts remain cautious on American Express, with consensus ratings around “Hold,” suggesting the market may be waiting for clearer evidence of earnings momentum. American Express Company (NYSE:AXP) Given Consensus Rating of “Hold” by Analysts
• Neutral Sentiment: Coverage also pointed to a cautious post-earnings tone, indicating investors are still assessing whether American Express can sustain growth after its recent results. American Express Draws Cautious Market Attention After Results
• Neutral Sentiment: News that American Express will break ground next month on its tower at Two World Trade Center is strategically important, but it is unlikely to be a near-term stock driver. American Express to break ground on tower next month at Two World Trade Center — major milestone for tragic site

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AXP shares. Loop Capital started coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. The Goldman Sachs Group raised their price target on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. cut their price target on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, BTIG Research restated a “sell” rating and set a $285.00 price target on shares of American Express in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $359.05.

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.