Strs Ohio Lowers Position in American Express Company $AXP

Strs Ohio trimmed its position in shares of American Express Company (NYSE:AXP) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,478 shares of the payment services company’s stock after selling 2,840 shares during the quarter. Strs Ohio’s holdings in American Express were worth $66,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of American Express in the 2nd quarter worth about $1,897,335,000. Laurel Wealth Advisors LLC increased its stake in shares of American Express by 31,595.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,742,009 shares of the payment services company’s stock worth $555,666,000 after purchasing an additional 1,736,513 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Express by 11.1% in the 2nd quarter. Geode Capital Management LLC now owns 13,487,316 shares of the payment services company’s stock worth $4,282,984,000 after purchasing an additional 1,349,746 shares during the period. Ameriprise Financial Inc. lifted its stake in American Express by 26.1% in the second quarter. Ameriprise Financial Inc. now owns 3,125,133 shares of the payment services company’s stock valued at $988,676,000 after purchasing an additional 646,039 shares during the last quarter. Finally, Provident Trust Co. grew its holdings in American Express by 136.6% during the second quarter. Provident Trust Co. now owns 1,108,971 shares of the payment services company’s stock valued at $353,740,000 after purchasing an additional 640,214 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Trending Headlines about American Express

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

• Positive Sentiment: Banks initially rallied after the proposal, which appears to have prompted short covering and a bounce in financial names as markets weighed the political and implementation risks versus the headline. Trump calls for Congress to enact 10% credit card interest rate cap; bank stocks rise
• Neutral Sentiment: Bank CEOs (Wells Fargo’s Charlie Scharf and BofA’s Brian Moynihan) are publicly engaging with the White House, warning a flat 10% cap could reduce credit availability — their comments keep the conversation alive but also open a path for negotiated/regulatory changes rather than an immediate policy shock. Wells Fargo CEO on Trump’s call for a credit card rate cap
• Neutral Sentiment: Morning market coverage highlights the story as a top catalyst for financials, suggesting today’s move is driven more by headlines and political risk repricing than by fundamentals yet. Trump’s Greenland ‘framework,’ Dimon’s credit card cap rebuke, YouTube’s AI slop plan and more in Morning Squawk
• Negative Sentiment: The White House proposal itself is a clear risk to card issuers’ interest income and margins; a legally enforced 10% cap for a year would significantly compress AXP’s yield on revolvers and could force tighter underwriting or reduced credit access. President Trump: I would like to see a one-year cap of 10% on credit card rates
• Negative Sentiment: Industry leaders including JPMorgan’s Jamie Dimon warn the cap could be an “economic disaster,” and media reporting notes rising short interest in financials — both signals investors are weighing downside regulatory and credit?access consequences for card portfolios. JPMorgan CEO Dimon says credit card rate cap will be an economic disaster
• Negative Sentiment: Separately, valuation and regulatory?risk writeups (e.g., Yahoo Finance) are flagging that a policy move would materially affect AXP’s earnings power, keeping a longer?term overhang even if the immediate market reaction is positive. A Look At American Express (AXP) Valuation As White House Rate Cap Proposal Raises Investor Concerns

Analyst Upgrades and Downgrades

Several analysts have issued reports on AXP shares. Truist Financial boosted their target price on American Express from $395.00 to $420.00 and gave the company a “buy” rating in a research note on Monday, December 22nd. Wells Fargo & Company lifted their price objective on American Express from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, December 17th. TD Cowen reaffirmed a “hold” rating on shares of American Express in a report on Thursday, January 8th. Evercore ISI set a $400.00 target price on shares of American Express in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on American Express from $360.00 to $385.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $353.95.

Insider Buying and Selling at American Express

In related news, CMO Elizabeth Rutledge sold 50,000 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $360.21, for a total value of $18,010,500.00. Following the completion of the transaction, the chief marketing officer directly owned 85,577 shares in the company, valued at $30,825,691.17. This trade represents a 36.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

American Express Price Performance

Shares of American Express stock opened at $367.92 on Friday. The business has a 50 day moving average of $367.95 and a 200 day moving average of $342.03. American Express Company has a 52 week low of $220.43 and a 52 week high of $387.49. The company has a quick ratio of 1.59, a current ratio of 1.61 and a debt-to-equity ratio of 1.78. The company has a market cap of $253.44 billion, a PE ratio of 24.69, a P/E/G ratio of 1.51 and a beta of 1.15.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, January 30th. The payment services company reported ($11.85) EPS for the quarter, missing the consensus estimate of $3.56 by ($15.41). American Express had a return on equity of 33.41% and a net margin of 14.97%.The company had revenue of ($17,139.00) million during the quarter, compared to analysts’ expectations of $18.91 billion. As a group, equities research analysts forecast that American Express Company will post 15.33 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 2nd will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, January 2nd. American Express’s payout ratio is 22.01%.

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.