American Express Company $AXP Shares Sold by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ decreased its holdings in American Express Company (NYSE:AXP) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 331,156 shares of the payment services company’s stock after selling 29,298 shares during the quarter. American Express comprises approximately 0.5% of Lansforsakringar Fondforvaltning AB publ’s portfolio, making the stock its 28th biggest holding. Lansforsakringar Fondforvaltning AB publ’s holdings in American Express were worth $100,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hudson Bay Capital Management LP grew its position in American Express by 159.5% during the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after buying an additional 19,429 shares during the period. Keybank National Association OH lifted its position in shares of American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after acquiring an additional 10,495 shares during the period. Investment Research Partners LLC purchased a new stake in shares of American Express during the 3rd quarter worth approximately $1,573,000. Swiss Life Asset Management Ltd boosted its stake in shares of American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after acquiring an additional 35,533 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of American Express by 6.2% in the 4th quarter. Nordea Investment Management AB now owns 2,474,363 shares of the payment services company’s stock worth $920,710,000 after acquiring an additional 144,512 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key Stories Impacting American Express

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

• Positive Sentiment: Several new articles from Insider Monkey and Yahoo Finance argue that American Express (AXP) remains an attractive buy, pointing to reasonable valuation, strong brand strength, and support from value investors. Is American Express Company (AXP) A Good Stock To Buy Now?
• Positive Sentiment: Coverage around AXP highlighted resilient lending and credit metrics for its U.S. small business and consumer card portfolios, suggesting disciplined underwriting and manageable credit risk. Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
• Positive Sentiment: Reports that American Express is building a stablecoin and blockchain team signal ongoing investment in digital payments innovation, which could improve the company’s competitive position over time. American Express Builds a Stablecoin Team With VP Role Paying Up to $282,000
• Positive Sentiment: Broader “best stocks to buy now” and “next decade of spending” articles featured AXP as a long-term beneficiary of premium consumer spending and earnings growth. Is American Express Built for the Next Decade of Spending?
• Neutral Sentiment: TransUnion’s new marketing chief was noted to have prior experience at American Express, but the article was primarily about TransUnion and does not appear to have a direct material impact on AXP. Is TransUnion’s (TRU) New Marketing Chief Subtly Reframing Its Data?Driven Growth Story?

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AXP shares. Royal Bank Of Canada set a $415.00 price objective on American Express in a research note on Friday, April 10th. Barclays lowered their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Wells Fargo & Company dropped their price target on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Evercore set a $345.00 price target on American Express in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $363.19.

American Express Trading Up 0.1%

Shares of American Express stock opened at $340.86 on Tuesday. 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 1 year low of $288.34 and a 1 year high of $387.49. The company has a market capitalization of $232.57 billion, a P/E ratio of 21.26, a P/E/G ratio of 1.40 and a beta of 1.06. The business has a 50 day moving average price of $321.21 and a 200 day moving average price of $333.89.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.21 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.64 EPS for the current fiscal year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.95 per share. The ex-dividend date of this dividend 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 (DPR) is presently 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.