Handelsbanken Fonder AB Sells 2,026 Shares of American Express Company $AXP

Handelsbanken Fonder AB trimmed its stake in shares of American Express Company (NYSE:AXP) by 1.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 204,470 shares of the payment services company’s stock after selling 2,026 shares during the quarter. Handelsbanken Fonder AB’s holdings in American Express were worth $75,644,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Valley Wealth Managers Inc. lifted its position in shares of American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares during the period. Joseph Group Capital Management acquired a new position in American Express during the fourth quarter valued at approximately $26,000. Guerra Advisors Inc acquired a new position in American Express during the third quarter valued at approximately $28,000. Measured Wealth Private Client Group LLC bought a new stake in American Express during the third quarter worth $28,000. Finally, Torren Management LLC bought a new stake in American Express during the fourth quarter worth $32,000. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AXP. Royal Bank Of Canada set a $415.00 price target on American Express in a report on Friday, April 10th. Bank of America boosted their price target on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. BTIG Research reissued a “sell” rating and set a $285.00 price target on shares of American Express in a report on Friday, April 24th. Barclays lowered their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Finally, Weiss Ratings cut American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $357.47.

American Express Trading Down 0.3%

Shares of AXP stock opened at $312.42 on Tuesday. The firm has a market capitalization of $213.17 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.27 and a beta of 1.08. American Express Company has a twelve month low of $281.46 and a twelve month high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The stock’s fifty day simple moving average is $310.84 and its 200 day simple moving average is $341.93.

American Express (NYSE:AXP) last released its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating 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 firm had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the previous year, the company posted $3.64 EPS. The business’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. As a group, sell-side analysts predict that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were given a $0.95 dividend. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s dividend payout ratio is presently 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.