Heard Capital LLC Has $128.05 Million Stake in American Express Company $AXP

Heard Capital LLC lessened its position in American Express Company (NYSE:AXP) by 19.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 346,135 shares of the payment services company’s stock after selling 85,605 shares during the period. American Express comprises about 6.0% of Heard Capital LLC’s portfolio, making the stock its 9th biggest holding. Heard Capital LLC’s holdings in American Express were worth $128,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in shares of American Express by 1.3% in the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after acquiring an additional 369,967 shares during the period. Fisher Asset Management LLC grew its position in shares of American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after acquiring an additional 141,936 shares during the period. Capital World Investors grew its position in shares of American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after acquiring an additional 2,393,340 shares during the period. Norges Bank bought a new position in shares of American Express in the 4th quarter valued at about $2,464,215,000. Finally, Nuveen LLC grew its position in shares of American Express by 6.0% in the 4th quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock valued at $1,913,560,000 after acquiring an additional 293,107 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $341.06 on Wednesday. The company has a market capitalization of $232.72 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company has a 50-day simple moving average of $317.35 and a 200 day simple moving average of $335.49. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49.

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. The business had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 17.59 earnings per share for the current year.

American Express Announces Dividend

The firm 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 $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s payout ratio is currently 23.71%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AXP. JPMorgan Chase & Co. reduced their target price on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Bank of America lifted their target price on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Barclays reduced their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Finally, Truist Financial reduced their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, American Express currently has a consensus rating of “Hold” and an average target price of $359.05.

American Express News Roundup

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.

About American Express

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.