Rockefeller Capital Management L.P. Sells 16,294 Shares of American Express Company $AXP

Rockefeller Capital Management L.P. cut its stake in shares of American Express Company (NYSE:AXP) by 4.2% in the 4th quarter, HoldingsChannel reports. The fund owned 373,859 shares of the payment services company’s stock after selling 16,294 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in American Express were worth $138,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after purchasing an additional 369,967 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in American Express by 1.6% during 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 during the last quarter. Bank of America Corp DE boosted its stake in American Express by 7.7% in the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after purchasing an additional 558,533 shares during the period. Capital World Investors boosted 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 valued at $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Finally, Norges Bank acquired a new position in American Express in the 4th quarter valued at $2,464,215,000. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

Shares of NYSE AXP opened at $338.86 on Friday. The business has a fifty day moving average price of $319.14 and a two-hundred day moving average price of $335.16. The stock has a market capitalization of $231.22 billion, a PE ratio of 21.14, a P/E/G ratio of 1.39 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 fifty-two week low of $288.34 and a fifty-two week 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, topping 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 company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period in the prior year, the firm posted $3.64 EPS. American Express’s quarterly 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. As a group, equities analysts predict that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders 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 dividend yield of 1.1%. American Express’s payout ratio is presently 23.71%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AXP shares. Barclays lowered their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Evercore set a $345.00 target price on shares of American Express in a research report on Wednesday, April 29th. Bank of America upped their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wells Fargo & Company lowered their price target 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. Finally, The Goldman Sachs Group lifted their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $360.80.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

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.