American Express Company $AXP Stock Position Lowered by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in shares of American Express Company (NYSE:AXP) by 1.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,015,893 shares of the payment services company’s stock after selling 13,037 shares during the period. PNC Financial Services Group Inc.’s holdings in American Express were worth $307,287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AXP. Oslo Pensjonsforsikring AS purchased a new position in American Express during the 1st quarter valued at about $657,000. Mathes Company Inc. increased its holdings in shares of American Express by 3.8% in the 1st quarter. Mathes Company Inc. now owns 15,285 shares of the payment services company’s stock valued at $4,623,000 after purchasing an additional 562 shares during the period. Andra AP fonden lifted its position in shares of American Express by 33.3% in the first quarter. Andra AP fonden now owns 89,320 shares of the payment services company’s stock worth $27,018,000 after purchasing an additional 22,320 shares in the last quarter. Wilkerson Advisory Group LLC boosted its holdings in shares of American Express by 48.1% during the first quarter. Wilkerson Advisory Group LLC now owns 117 shares of the payment services company’s stock worth $35,000 after purchasing an additional 38 shares during the period. Finally, Glenview Trust Co boosted its holdings in shares of American Express by 170.1% during the first quarter. Glenview Trust Co now owns 48,695 shares of the payment services company’s stock worth $14,729,000 after purchasing an additional 30,667 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the topic of several research reports. Guggenheim initiated coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating on the stock. HSBC lifted their target price on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. Bank of America boosted their price target on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wells Fargo & Company dropped their price target 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. Finally, BTIG Research increased their price objective on American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $374.11.

Key American Express News

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

• Positive Sentiment: American Express and Bottomline announced an expanded partnership to improve B2B payment connectivity through Buyer Initiated Payments, adding new payment and automated invoice reporting capabilities that could support long-term transaction growth. Bottomline and American Express Partner to Expand B2B Payment Connectivity Through Paymode
• Positive Sentiment: Amex said its new B2B payment feature and reporting tools are designed to make invoice-based payments easier for buyers and suppliers, which could strengthen customer retention and commercial payments usage. American Express Launches Intelligent Capabilities to Help Streamline Buyer and Supplier Payments
• Neutral Sentiment: Investors are also focused on AXP’s second-quarter 2026 earnings report due July 24, with consensus calling for $4.40 in EPS and $19.62 billion in revenue, making the stock sensitive to any guidance or performance surprise. Can AmEx Beat Q2 Earnings on Higher Network Volumes & Interest Income?
• Neutral Sentiment: KEO Capital also renewed its American Express licensing agreement in Mexico, reinforcing a long-running partnership and suggesting continued international commercial card activity. KEO Capital Renews American Express Licensing Agreement in Mexico
• Negative Sentiment: Some market commentary continues to compare AXP unfavorably with Visa, noting Visa’s asset-light model and AI/payment initiatives as potential reasons it may be viewed as the stronger long-term pick. Visa vs. American Express: Which Payments Giant Is the Better Pick?

American Express Price Performance

Shares of NYSE:AXP opened at $351.01 on Wednesday. The stock has a market capitalization of $239.50 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.42 and a beta of 1.04. The business has a 50-day moving average of $330.91 and a two-hundred day moving average of $330.74. American Express Company has a fifty-two week low of $288.34 and a fifty-two week 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.

American Express (NYSE:AXP) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 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 firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter last year, the firm posted $3.64 EPS. The business’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. On average, equities research analysts predict that American Express Company will post 17.67 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 is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio is presently 23.71%.

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.