FARMERS & MERCHANTS TRUST Co OF LONG BEACH Sells 2,270 Shares of American Express Company $AXP

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in American Express Company (NYSE:AXP) by 14.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 13,833 shares of the payment services company’s stock after selling 2,270 shares during the quarter. American Express accounts for 1.0% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s portfolio, making the stock its 26th largest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in American Express were worth $4,184,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of American Express by 10.4% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 1,096 shares of the payment services company’s stock worth $332,000 after purchasing an additional 103 shares in the last quarter. Spectrum Planning & Advisory Services Inc. grew its holdings in American Express by 4.7% during the first quarter. Spectrum Planning & Advisory Services Inc. now owns 1,122 shares of the payment services company’s stock valued at $339,000 after purchasing an additional 50 shares during the period. Evolve Private Wealth LLC increased its position in American Express by 4.6% in the first quarter. Evolve Private Wealth LLC now owns 20,572 shares of the payment services company’s stock worth $6,223,000 after buying an additional 905 shares in the last quarter. Allegheny Financial Group raised its stake in shares of American Express by 0.9% in the first quarter. Allegheny Financial Group now owns 3,956 shares of the payment services company’s stock worth $1,197,000 after buying an additional 35 shares during the period. Finally, Fisher Funds Management LTD raised its stake in shares of American Express by 132.7% in the first quarter. Fisher Funds Management LTD now owns 84,377 shares of the payment services company’s stock worth $25,520,000 after buying an additional 48,121 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Key Headlines 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?

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AXP. Bank of America boosted their price objective on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Thursday. Royal Bank Of Canada set a $415.00 price target on shares of American Express in a report on Friday, April 10th. Barclays dropped their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Finally, The Goldman Sachs Group increased 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 investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average price target of $360.80.

American Express Stock Up 0.3%

Shares of AXP opened at $338.86 on Monday. The business’s 50 day moving average is $319.14 and its 200 day moving average is $334.98. The company has a market capitalization of $231.22 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $18.60 billion. During the same period in the previous year, the firm earned $3.64 EPS. The firm’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. Research analysts expect that American Express Company will post 17.64 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 given a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio is currently 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.