Alberta Investment Management Corp Boosts Position in American Express Company $AXP

Alberta Investment Management Corp raised its stake in shares of American Express Company (NYSE:AXP) by 2.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,200 shares of the payment services company’s stock after buying an additional 3,200 shares during the quarter. Alberta Investment Management Corp’s holdings in American Express were worth $58,526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of AXP. Evolution Wealth Management Inc. grew its holdings in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express during the fourth quarter worth about $26,000. Sfam LLC purchased a new position in shares of American Express during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the third quarter worth about $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $335.55 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. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The stock has a 50 day moving average price of $316.53 and a two-hundred day moving average price of $335.66. The company has a market capitalization of $228.96 billion, a P/E ratio of 20.93, a PEG ratio of 1.32 and a beta of 1.06.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the company posted $3.64 earnings per share. The business’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s payout ratio is presently 23.71%.

American Express News Roundup

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

• Positive Sentiment: American Express said it will buy TheFork for $700 million in cash, expanding its dining network in Europe to about 75,000 bookable venues and reinforcing its lifestyle and travel perks strategy. Reuters article
• Positive Sentiment: The acquisition fits into AmEx’s broader effort to deepen engagement with premium customers through dining, travel, and experiences, which could help support card spending and loyalty over time. PYMNTS article
• Neutral Sentiment: Tripadvisor confirmed it agreed to sell TheFork as part of a strategic review, but the deal is more directly significant for AmEx because it strengthens its dining platform rather than changing core payments operations. Yahoo Finance article

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price objective on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Bank of America boosted their target price on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. dropped their target price on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Express currently has an average rating of “Hold” and a consensus price target of $359.05.

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.