TD Asset Management Inc Lowers Stock Position in American Express Company $AXP

TD Asset Management Inc lowered its position in shares of American Express Company (NYSE:AXP) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,997,465 shares of the payment services company’s stock after selling 41,928 shares during the quarter. TD Asset Management Inc owned about 0.29% of American Express worth $738,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXP. Norges Bank purchased a new position in American Express during the fourth quarter valued at $2,464,215,000. Ameriprise Financial Inc. lifted its position in American Express by 27.0% during 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 during the period. Amundi lifted its position in American Express by 23.9% during 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 during the period. Danske Bank A S purchased a new position in American Express during the third quarter valued at $153,292,000. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of American Express in the 4th quarter worth about $166,848,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AXP shares. The Goldman Sachs Group lifted their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. 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 research report on Friday, April 24th. Evercore set a $345.00 price target on American Express in a research report on Wednesday, April 29th. BTIG Research reaffirmed a “sell” rating and issued a $285.00 price target on shares of American Express in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. One equities research 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. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus target price of $359.05.

American Express Price Performance

NYSE AXP opened at $300.90 on Thursday. American Express Company has a one year low of $286.15 and a one year high of $387.49. The stock has a 50-day moving average of $313.49 and a 200 day moving average of $337.42. The company has a market capitalization of $205.31 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.26 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.

American Express (NYSE:AXP) last released its quarterly earnings data 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. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the company earned $3.64 EPS. American Express’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts forecast that American Express Company will post 17.59 EPS for the current year.

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.