American Express Company $AXP Stock Holdings Increased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its holdings in shares of American Express Company (NYSE:AXP) by 1.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 174,364 shares of the payment services company’s stock after acquiring an additional 2,339 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in American Express were worth $52,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Griffith & Werner Inc. increased its holdings in shares of American Express by 15.5% during the first quarter. Griffith & Werner Inc. now owns 5,879 shares of the payment services company’s stock valued at $1,778,000 after purchasing an additional 787 shares during the period. Personal CFO Solutions LLC lifted its holdings in American Express by 20.0% in the first quarter. Personal CFO Solutions LLC now owns 10,622 shares of the payment services company’s stock worth $3,213,000 after purchasing an additional 1,772 shares during the period. Stenger Family Office LLC lifted its holdings in American Express by 17.1% in the first quarter. Stenger Family Office LLC now owns 20,010 shares of the payment services company’s stock worth $6,053,000 after purchasing an additional 2,925 shares during the period. Arbor Trust Wealth Advisors LLC grew its position in American Express by 7.2% in the 1st quarter. Arbor Trust Wealth Advisors LLC now owns 1,947 shares of the payment services company’s stock valued at $589,000 after buying an additional 130 shares in the last quarter. Finally, Marino Stram & Associates LLC grew its position in American Express by 1.9% in the 1st quarter. Marino Stram & Associates LLC now owns 2,630 shares of the payment services company’s stock valued at $796,000 after buying an additional 48 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXP. Evercore set a $380.00 price target on shares of American Express in a research report on Monday. BTIG Research increased their price objective on shares of American Express from $285.00 to $324.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. Wells Fargo & Company lowered their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Royal Bank Of Canada set a $415.00 target price on American Express in a report on Friday, April 10th. Finally, Morgan Stanley cut their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $368.50.

American Express News Summary

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

• Positive Sentiment: UBS raised its price target on American Express to $386 from $340, implying meaningful upside from current levels, even while keeping a neutral stance. Benzinga report on UBS target hike
• Positive Sentiment: Barclays lifted its target to $364 from $322, reflecting improved expectations for AXP and signaling continued analyst confidence in the stock. Benzinga report on Barclays target hike
• Positive Sentiment: Other commentary highlighted solid spending growth, rising revenue, and expanding digital capabilities, suggesting American Express is still executing well operationally. Yahoo Finance article on American Express fundamentals
• Positive Sentiment: Several articles pointed to options-market activity that could indicate traders are positioning for a larger move in AXP, which may be supportive if sentiment turns positive. Yahoo Finance options market article
• Neutral Sentiment: TD Cowen also nudged its target higher to $338, but kept a hold rating, reinforcing a broadly cautious-but-not-bearish Street view. Benzinga report on TD Cowen target hike
• Negative Sentiment: Shares fell more than the broader market in the latest session, indicating investors are taking profits or rotating out despite the supportive analyst updates. Zacks market move article
• Negative Sentiment: Costco’s reported credit-card change could be a reminder of competitive and partnership risks in the card ecosystem, though the direct impact on American Express is unclear. TheStreet Costco credit card change article

American Express Price Performance

Shares of American Express stock opened at $336.29 on Thursday. American Express Company has a 52 week low of $288.34 and a 52 week 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. The stock has a market cap of $229.46 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. The company’s 50-day moving average price is $324.31 and its two-hundred day moving average price is $332.29.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio is currently 23.71%.

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.