Huntington National Bank Cuts Position in American Express Company $AXP

Huntington National Bank lessened its stake in American Express Company (NYSE:AXP) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 116,267 shares of the payment services company’s stock after selling 2,673 shares during the quarter. Huntington National Bank’s holdings in American Express were worth $43,013,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AXP. Trajan Wealth LLC increased its holdings 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 acquiring an additional 5,881 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings 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 acquiring an additional 5,860 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. increased its holdings 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 acquiring an additional 8,651 shares in the last quarter. Parr Mcknight Wealth Management Group LLC increased its holdings 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 acquiring an additional 12,750 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased its holdings 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 acquiring an additional 19,429 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP opened at $312.67 on Thursday. The company’s 50 day simple moving average is $312.07 and its 200 day simple moving average is $339.44. 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 1 year low of $286.15 and a 1 year high of $387.49. The stock has a market capitalization of $213.34 billion, a PE ratio of 19.51, a P/E/G ratio of 1.26 and a beta of 1.08.

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 net margin of 15.13% and a return on equity of 33.95%. The business had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period last year, the company earned $3.64 earnings per share. The company’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, sell-side analysts expect that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were given a $0.95 dividend. This is a boost from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. American Express’s dividend payout ratio is 23.71%.

Analyst Ratings Changes

AXP has been the subject of several recent research reports. Barclays dropped their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a report on Friday, April 10th. Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. BTIG Research restated a “sell” rating and set a $285.00 target price on shares of American Express in a report on Friday, April 24th. Finally, Truist Financial lowered their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One 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 stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and an average target price of $359.05.

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.