Dempze Nancy E Buys 2,953 Shares of American Express Company $AXP

Dempze Nancy E raised its stake in shares of American Express Company (NYSE:AXP) by 58.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,011 shares of the payment services company’s stock after buying an additional 2,953 shares during the period. American Express accounts for approximately 1.5% of Dempze Nancy E’s portfolio, making the stock its 24th biggest holding. Dempze Nancy E’s holdings in American Express were worth $2,964,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AXP. Trajan Wealth LLC grew its position in shares of American Express by 30.9% in the third quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after purchasing an additional 5,881 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in shares of American Express by 218.7% in the third quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after purchasing an additional 5,860 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. grew its position in shares of American Express by 11.7% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock valued at $27,524,000 after purchasing an additional 8,651 shares during the last quarter. Parr Mcknight Wealth Management Group LLC grew its position in shares of American Express by 1,243.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock valued at $4,576,000 after purchasing an additional 12,750 shares during the last quarter. Finally, Hudson Bay Capital Management LP grew its position in shares of American Express by 159.5% in the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock valued at $10,500,000 after purchasing an additional 19,429 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Up 1.7%

AXP stock opened at $341.06 on Wednesday. American Express Company has a twelve month low of $288.34 and a twelve month high of $387.49. The company has a market cap of $232.72 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. The business’s 50-day simple moving average is $317.35 and its 200 day simple moving average is $335.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

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

American Express Dividend Announcement

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

Trending Headlines about American Express

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

• Positive Sentiment: American Express agreed to buy TheFork for $700 million, adding more than 50,000 European restaurants to its dining network and expanding the company’s premium lifestyle offerings. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: Analysts and market commentary suggest the deal could improve AmEx’s competitive positioning in dining and experiences, which may support customer acquisition and cardholder spending over time. Analysts Offer Insights on Financial Companies: Visa (V) and American Express (AXP)
• Neutral Sentiment: BTIG reaffirmed its sell rating on American Express with a $285 price target, signaling lingering valuation concerns despite the recent stock strength.

Wall Street Analysts Forecast Growth

AXP has been the topic of several research analyst reports. Royal Bank Of Canada set a $415.00 price target on American Express in a research report on Friday, April 10th. JPMorgan Chase & Co. decreased their target price on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley decreased their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Truist Financial decreased their target price on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.