TD Asset Management Inc Sells 41,928 Shares of American Express Company $AXP

TD Asset Management Inc trimmed its holdings in American Express Company (NYSE:AXP) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,997,465 shares of the payment services company’s stock after selling 41,928 shares during the quarter. TD Asset Management Inc’s holdings in American Express were worth $738,962,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AXP. Trajan Wealth LLC grew its stake in shares of American Express by 30.9% during the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after acquiring an additional 5,881 shares during the period. Hillsdale Investment Management Inc. grew its stake in shares of American Express by 218.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after acquiring an additional 5,860 shares during the period. Sumitomo Mitsui Financial Group Inc. grew its stake in shares of American Express by 11.7% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock valued at $27,524,000 after acquiring an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC grew its stake in shares of American Express by 1,243.9% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock valued at $4,576,000 after acquiring an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP grew its stake in shares of American Express by 159.5% during the 3rd quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock valued at $10,500,000 after acquiring an additional 19,429 shares during the period. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Down 3.2%

NYSE AXP opened at $300.90 on Thursday. The stock’s 50 day moving average is $313.49 and its 200 day moving average is $337.42. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 12 month low of $286.15 and a 12 month high of $387.49. The stock has a market cap of $205.31 billion, a PE ratio of 18.77, a P/E/G ratio of 1.26 and a beta of 1.06.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the previous year, the firm earned $3.64 EPS. The firm’s revenue 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. Research analysts predict that American Express Company will post 17.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AXP has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. BTIG Research reiterated a “sell” rating and set a $285.00 price objective on shares of American Express in a research note on Friday, April 24th. Truist Financial cut their price objective on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. The Goldman Sachs Group boosted their price objective on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Evercore set a $345.00 price objective on American Express in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Express 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.