Swiss National Bank Has $564.37 Million Holdings in American Express Company $AXP

Swiss National Bank cut its stake in American Express Company (NYSE:AXP) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,525,539 shares of the payment services company’s stock after selling 90,040 shares during the period. Swiss National Bank’s holdings in American Express were worth $564,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AXP. Norges Bank acquired a new position in shares of American Express in the 4th quarter worth approximately $2,464,215,000. Capital World Investors raised its holdings 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 worth $2,780,424,000 after buying an additional 2,393,340 shares in the last quarter. Ameriprise Financial Inc. boosted its position in American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares in the last quarter. Amundi boosted its position in American Express by 23.9% in the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after buying an additional 537,205 shares in the last quarter. Finally, Danske Bank A S acquired a new position in American Express in the third quarter valued at about $153,292,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Up 1.8%

NYSE:AXP opened at $318.95 on Friday. The stock’s fifty day moving average price is $315.36 and its two-hundred day moving average price is $336.06. American Express Company has a 52-week low of $286.15 and a 52-week high of $387.49. 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 market cap of $217.63 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.27 and a beta of 1.06.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $18.60 billion. During the same quarter in the prior year, the business earned $3.64 EPS. The business’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, analysts anticipate that American Express Company will post 17.59 EPS for the current year.

American Express Dividend Announcement

The company 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. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio is currently 23.71%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. BTIG Research restated a “sell” rating and issued a $285.00 price target on shares of American Express in a research report on Friday, April 24th. JPMorgan Chase & Co. lowered their target price on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Bank of America raised their target price on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, The Goldman Sachs Group raised their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $359.05.

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.