L2 Asset Management LLC Trims Stake in American Express Company $AXP

L2 Asset Management LLC trimmed its stake in American Express Company (NYSE:AXP) by 62.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,232 shares of the payment services company’s stock after selling 5,280 shares during the period. L2 Asset Management LLC’s holdings in American Express were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of AXP. Trajan Wealth LLC increased its position in American Express by 30.9% during the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after purchasing an additional 5,881 shares during the period. Hillsdale Investment Management Inc. increased its position in American Express by 218.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after purchasing an additional 5,860 shares during the period. Sumitomo Mitsui Financial Group Inc. increased its position in American Express by 11.7% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock valued at $27,524,000 after purchasing an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC increased its position in American Express by 1,243.9% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock valued at $4,576,000 after purchasing an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP increased its position in American Express by 159.5% during the 3rd quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock valued at $10,500,000 after purchasing an additional 19,429 shares during the period. 84.33% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express announced a $700 million acquisition of TheFork, expanding its European dining network and strengthening its premium experiences strategy. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: The deal builds on AmEx’s earlier investments in Resy and Tock, reinforcing its efforts to drive card usage and customer retention through dining and travel perks. Amex Looks to Spend $700 Million to Buy TheFork From Tripadvisor
• Neutral Sentiment: The acquisition is expected to close by late 2026, so the financial impact will take time to materialize and still depends on regulatory approvals. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Neutral Sentiment: American Express also rolled out other travel and sports-related benefits, including updated Delta SkyMiles perks and a Fanatics partnership, which supports the company’s broader premium value proposition. American Express Targets Travelers And Sports Fans While Shares Trade Below Estimates

Analysts Set New Price Targets

A number of research firms have commented on AXP. Truist Financial cut their target price 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. Wells Fargo & Company cut their target price 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. Bank of America raised their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. Barclays lowered their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Finally, Royal Bank Of Canada set a $415.00 price target on shares of American Express in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $359.05.

American Express Stock Up 3.1%

NYSE:AXP opened at $335.55 on Tuesday. 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 market capitalization of $228.96 billion, a P/E ratio of 20.93, a P/E/G ratio of 1.32 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company’s 50-day simple moving average is $316.53 and its 200-day simple moving average is $335.66.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal 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 paid a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is 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.