Intech Investment Management LLC Has $29.42 Million Stock Holdings in American Express Company $AXP

Intech Investment Management LLC lessened its stake in shares of American Express Company (NYSE:AXP) by 13.5% during the 4th quarter, HoldingsChannel reports. The firm owned 79,534 shares of the payment services company’s stock after selling 12,417 shares during the quarter. Intech Investment Management LLC’s holdings in American Express were worth $29,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Fisher Asset Management LLC boosted its position in shares of American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after acquiring an additional 141,936 shares during the period. Capital World Investors boosted its position in shares of American Express by 0.5% in the third quarter. Capital World Investors now owns 5,122,335 shares of the payment services company’s stock valued at $1,701,435,000 after acquiring an additional 24,297 shares during the period. Capital Research Global Investors boosted its position in shares of American Express by 0.7% in the third quarter. Capital Research Global Investors now owns 4,452,660 shares of the payment services company’s stock valued at $1,479,019,000 after acquiring an additional 29,331 shares during the period. Ameriprise Financial Inc. boosted its position in shares of American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after acquiring an additional 845,283 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of American Express by 2.4% in the third quarter. Legal & General Group Plc now owns 3,483,876 shares of the payment services company’s stock valued at $1,157,204,000 after acquiring an additional 83,189 shares during the period. 84.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Loop Capital assumed coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. Bank of America increased their price objective on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Truist Financial reduced their price objective on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Finally, UBS Group reissued a “neutral” rating and issued a $395.00 price objective on shares of American Express in a research report on Wednesday, February 4th. One 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $359.05.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express was highlighted at Bernstein’s Strategic Decisions Conference, keeping management and strategy in focus for investors and suggesting the company remains confident in its growth, cardmember engagement, and premium spending model. American Express Company (AXP) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Positive Sentiment: American Express said cardmembers can now tap and ride on more transit systems across Canada, a small but supportive move that expands everyday payment acceptance and reinforces AmEx’s convenience for daily spending. American Express Cardmembers Can Now Tap and Ride on More Transit Systems Across Canada
• Positive Sentiment: One analyst note said American Express kept a Buy rating after a strong first quarter, which supports the view that the company’s earnings power remains solid despite broader macro concerns. American Express Stock Keeps Buy Rating After Stellar Q1, Despite Clouds Over Consumer Confidence
• Neutral Sentiment: Several articles compared AXP with peers such as Visa and Mastercard or with another small-business payments product, but these were more sector commentary than direct catalysts for American Express. Can AmEx Boost SMB Engagement With Its Small Business Credit Card?
• Negative Sentiment: Broader commentary about consumer confidence and retail-banking engagement suggests a less certain spending backdrop, which could limit enthusiasm for payment-volume growth if customers pull back. Warren Buffett’s Successor, Greg Abel, Just Sold UnitedHealth Group Stock. Is He Missing a Huge Opportunity?

American Express Stock Up 0.7%

Shares of AXP stock opened at $314.86 on Friday. The stock has a market cap of $214.84 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. American Express Company has a one year low of $286.15 and a one year high of $387.49. The stock has a fifty day moving average price of $312.36 and a 200 day moving average price of $339.06. 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 (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.59 earnings per share for the current year.

American Express Increases Dividend

The company 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 represents a $3.80 annualized dividend and a yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. The ex-dividend date of this dividend was Thursday, April 2nd. 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.