Park National Corp OH Sells 1,555 Shares of American Express Company $AXP

Park National Corp OH cut its stake in American Express Company (NYSE:AXP) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,771 shares of the payment services company’s stock after selling 1,555 shares during the period. Park National Corp OH’s holdings in American Express were worth $4,468,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AXP. Uhlmann Price Securities LLC bought a new stake in shares of American Express in the 1st quarter worth about $2,807,000. Genesis Private Wealth LLC increased its position in shares of American Express by 4.8% during the 1st quarter. Genesis Private Wealth LLC now owns 853 shares of the payment services company’s stock worth $258,000 after purchasing an additional 39 shares in the last quarter. Diversified Trust Co lifted its holdings in American Express by 12.7% during the 1st quarter. Diversified Trust Co now owns 41,956 shares of the payment services company’s stock valued at $12,691,000 after purchasing an additional 4,720 shares during the last quarter. Solitude Financial Services lifted its holdings in American Express by 30.9% during the 1st quarter. Solitude Financial Services now owns 8,473 shares of the payment services company’s stock valued at $2,788,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Westmount Partners LLC boosted its position in American Express by 63.0% in the first quarter. Westmount Partners LLC now owns 3,562 shares of the payment services company’s stock valued at $1,077,000 after buying an additional 1,377 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on AXP shares. Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Wells Fargo & Company reduced their target price on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. BTIG Research restated a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Tuesday, June 16th. Finally, JPMorgan Chase & Co. dropped their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $360.80.

American Express Stock Up 0.3%

Shares of NYSE:AXP opened at $338.86 on Friday. 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 firm has a market cap of $231.22 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.39 and a beta of 1.06. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The company’s 50-day moving average price is $319.14 and its two-hundred day moving average price is $335.16.

American Express (NYSE:AXP) last announced 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 net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the previous year, the firm posted $3.64 earnings per share. The company’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, research analysts forecast that American Express Company will post 17.64 EPS for the current fiscal year.

American Express Announces Dividend

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

More American Express News

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

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.