American Express Company $AXP Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in American Express Company (NYSE:AXP) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,971,263 shares of the payment services company’s stock after acquiring an additional 27,039 shares during the period. Bank of New York Mellon Corp’s holdings in American Express were worth $1,469,169,000 at the end of the most recent reporting period.

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

American Express Stock Performance

Shares of AXP opened at $310.94 on Wednesday. The company has a market capitalization of $212.16 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06. 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 Company has a one year low of $286.15 and a one year high of $387.49. The company’s fifty day moving average price is $313.18 and its 200 day moving average price is $338.30.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.59 earnings per share for the current year.

Analyst Ratings Changes

AXP has been the subject of several research reports. BTIG Research restated a “sell” rating and set a $285.00 price objective on shares of American Express in a research report on Friday, April 24th. The Goldman Sachs Group lifted their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Loop Capital assumed coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. Morgan Stanley cut their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.