American Express Company $AXP Shares Sold by Martin Investment Management LLC

Martin Investment Management LLC lowered its position in American Express Company (NYSE:AXP) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,764 shares of the payment services company’s stock after selling 2,495 shares during the quarter. American Express comprises approximately 3.1% of Martin Investment Management LLC’s investment portfolio, making the stock its 10th biggest holding. Martin Investment Management LLC’s holdings in American Express were worth $11,751,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AXP. Joseph Group Capital Management bought a new position in American Express in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in American Express during the 3rd quarter valued at $28,000. Guerra Advisors Inc bought a new stake in American Express during the 3rd quarter valued at $28,000. Torren Management LLC acquired a new position in American Express during the 4th quarter worth $32,000. Finally, Entrust Financial LLC acquired a new position in American Express during the 4th quarter worth $41,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the topic of a number of research analyst reports. BTIG Research reissued a “sell” rating and set a $285.00 price target on shares of American Express in a report on Friday, April 24th. Barclays lowered their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Truist Financial decreased their price objective 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. Finally, Loop Capital started coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $359.05.

American Express Price Performance

Shares of NYSE:AXP opened at $313.88 on Tuesday. The company has a market capitalization of $214.17 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 1.29 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 stock has a fifty day moving average of $313.18 and a 200-day moving average of $338.30. American Express Company has a one year low of $286.15 and a one year high of $387.49.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (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 business had revenue of $14.22 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the previous year, the firm posted $3.64 EPS. 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, equities analysts anticipate that American Express Company will post 17.59 EPS for the current fiscal year.

About American Express

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.