American Express Company $AXP Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA lowered its stake in shares of American Express Company (NYSE:AXP) by 7.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,462 shares of the payment services company’s stock after selling 1,636 shares during the quarter. American Express comprises about 1.0% of CHICAGO TRUST Co NA’s holdings, making the stock its 20th largest position. CHICAGO TRUST Co NA’s holdings in American Express were worth $6,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fulton Bank N.A. increased its holdings in shares of American Express by 12.6% in the first quarter. Fulton Bank N.A. now owns 9,892 shares of the payment services company’s stock valued at $2,992,000 after purchasing an additional 1,110 shares during the period. TKG Advisors LLC lifted its holdings in shares of American Express by 0.8% during the first quarter. TKG Advisors LLC now owns 18,271 shares of the payment services company’s stock worth $5,527,000 after purchasing an additional 153 shares during the period. Argent Advisors Inc. grew its position in American Express by 0.5% in the 1st quarter. Argent Advisors Inc. now owns 10,195 shares of the payment services company’s stock valued at $3,084,000 after buying an additional 53 shares during the last quarter. Cane Capital Partners LLC purchased a new position in American Express in the 1st quarter valued at $1,557,000. Finally, Vertrix Wealth Management LLC acquired a new position in American Express in the 1st quarter valued at $4,978,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

More American Express News

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

• Positive Sentiment: Piper Sandler upgraded American Express from neutral to strong-buy, which likely boosted investor confidence in the stock’s outlook.
• Positive Sentiment: American Express and Resy, with the National Restaurant Association Educational Foundation, launched a new Restaurant Academy to train restaurant leaders, reinforcing the company’s brand relationships in dining and hospitality. Article Title
• Positive Sentiment: American Express expanded its Membership Rewards usefulness by letting U.S. cardholders redeem points through Apple Pay, a move that could improve cardholder engagement and loyalty. Article Title
• Positive Sentiment: Multiple articles highlighted American Express’s growth, resilience, and long-term appeal, including commentary that the company remains one of Warren Buffett’s oldest stock picks, helping reinforce a premium valuation narrative. Article Title
• Neutral Sentiment: A fast-company article said Amex wants to help the restaurant industry solve management problems, but it read more like a brand/industry profile than a direct earnings or revenue catalyst. Article Title
• Neutral Sentiment: One note also mentioned a price target increase from BTIG, but the firm kept a sell rating, making the signal mixed rather than clearly positive.

Analyst Ratings Changes

Several research firms have recently commented on AXP. Truist Financial raised their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Thursday, June 18th. BTIG Research raised their price objective on shares of American Express from $285.00 to $324.00 and gave the company a “sell” rating in a research report on Tuesday. Morgan Stanley lowered their price objective on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Finally, The Goldman Sachs Group increased their target price on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Express presently has an average rating of “Moderate Buy” and a consensus target price of $366.95.

American Express Stock Performance

Shares of AXP opened at $347.52 on Thursday. The company has a 50-day simple moving average of $321.69 and a 200-day simple moving average of $333.36. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $237.12 billion, a PE ratio of 21.68, a P/E/G ratio of 1.39 and a beta of 1.04. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the firm earned $3.64 earnings per share. The firm’s 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. Equities research analysts predict that American Express Company will post 17.65 earnings per share for the current fiscal year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders 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 dividend yield of 1.1%. American Express’s payout ratio is 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.