American Express Company $AXP Shares Sold by Vermillion Wealth Management Inc.

Vermillion Wealth Management Inc. reduced its position in American Express Company (NYSE:AXP) by 99.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 269 shares of the payment services company’s stock after selling 92,000 shares during the quarter. Vermillion Wealth Management Inc.’s holdings in American Express were worth $100,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Trajan Wealth LLC boosted its stake in shares of American Express by 30.9% in the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock valued at $8,271,000 after buying an additional 5,881 shares during the period. Hillsdale Investment Management Inc. boosted its stake in shares of American Express by 218.7% in 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 buying an additional 5,860 shares during the period. Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of American Express by 11.7% in 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 buying an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC boosted its stake in shares of American Express by 1,243.9% in 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 buying an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP boosted its stake in shares of American Express by 159.5% in 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 buying an additional 19,429 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

AXP stock opened at $310.48 on Friday. The business has a 50 day moving average price of $313.91 and a 200 day moving average price of $336.92. The stock has a market cap of $211.85 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.26 and a beta of 1.06. American Express Company has a fifty-two week low of $286.15 and a fifty-two week high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s payout ratio is presently 23.71%.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express announced a quarterly dividend of $0.95 per share, reinforcing its shareholder-return profile. The dividend is payable on August 10 to holders of record on July 2. Article Title
• Positive Sentiment: A broader market rally boosted financial stocks, which can help sentiment around American Express as part of the sector. Article Title
• Neutral Sentiment: One article highlighted Navan’s AI-powered travel and expense platform as a challenger to entrenched providers including American Express, but this is more of a competitive backdrop than a direct near-term catalyst. Article Title
• Neutral Sentiment: Coverage also noted that American Express card spending is growing at its fastest pace in three years, which supports the long-term consumer-spending story, though investors remain focused on whether affluent demand can hold up. Article Title
• Negative Sentiment: Several market recaps emphasized that AXP has been trending lower recently, with shares down year to date and trading below key moving averages, suggesting ongoing valuation and momentum pressure. Article Title

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AXP shares. JPMorgan Chase & Co. decreased their price objective 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. Evercore set a $345.00 price objective on American Express in a research note on Wednesday, April 29th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Morgan Stanley decreased 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. Finally, Truist Financial decreased 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock 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.