American Express Company $AXP Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its stake in shares of American Express Company (NYSE:AXP) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,150 shares of the payment services company’s stock after selling 2,796 shares during the period. Bleakley Financial Group LLC’s holdings in American Express were worth $5,792,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Evolution Wealth Management Inc. boosted its stake in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in American Express in the 4th quarter valued at about $26,000. Sfam LLC purchased a new position in American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the 4th quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of American Express during the 4th quarter worth about $29,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXP has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley upgraded shares of American Express from a “positive” rating to an “overweight” rating in a research report on Monday. The Goldman Sachs Group lifted their target price on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Guggenheim began coverage on American Express in a report on Monday. They issued a “buy” rating for the company. Finally, Truist Financial increased their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.15.

American Express Trading Up 0.2%

NYSE AXP opened at $355.04 on Wednesday. The company has a market cap of $242.26 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.43 and a beta of 1.04. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The company has a 50-day moving average of $327.02 and a 200-day moving average of $331.47.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period last year, the company earned $3.64 earnings per share. 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 predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.71%.

American Express News Summary

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

• Positive Sentiment: JPMorgan upgraded American Express (AXP) to Overweight and raised its price target, signaling confidence in earnings durability and upside potential. American Express (AXP) Gets A JPMorgan Upgrade As Consumer Spending Concerns Build
• Positive Sentiment: Analysts said American Express’s affluent customer base is better insulated from geopolitical and economic stress than many peers, which may support spending and fee revenue. JPMorgan Believes American Express Can Ride Out Iran War Better Than Rivals – Says Affluent Customer Base ‘Relatively Shielded’ From Fallout
• Positive Sentiment: Evercore ISI raised its price target on AXP, adding to the bullish analyst momentum around the stock. Evercore ISI Raises PT on American Express Company (AXP) Stock
• Neutral Sentiment: American Express has been highlighted in multiple “stock to watch” and Buffett-focused pieces, which reflects investor interest but does not add new fundamentals. American Express Is Warren Buffett’s Second-Biggest Stock. Is It Still a Buy Near Highs?
• Neutral Sentiment: EDITON Hotels announced an American Express-sponsored event, which is brand-relevant but unlikely to materially affect near-term earnings. Meet Us in Montauk: EDITION Hotels Ushers in ‘The Summer EDITION’ Presented by American Express
• Negative Sentiment: Some commentary cautioned that AXP is trading near highs, suggesting upside could be more limited if spending growth slows or valuation becomes a bigger concern. American Express Is Warren Buffett’s Second-Biggest Stock. Is It Still a Buy Near Highs?

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.