American Express Company $AXP Holdings Lowered by State of Wisconsin Investment Board

State of Wisconsin Investment Board trimmed its stake in shares of American Express Company (NYSE:AXP) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 302,405 shares of the payment services company’s stock after selling 5,359 shares during the quarter. State of Wisconsin Investment Board’s holdings in American Express were worth $111,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. raised its holdings in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new stake in shares of American Express in the 4th quarter worth approximately $26,000. Sfam LLC bought a new stake in shares of American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Express in the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of American Express in the 3rd quarter worth approximately $28,000. 84.33% of the stock is currently owned by institutional investors.

American Express News Summary

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

• Positive Sentiment: American Express is expanding its dining network in Europe through the TheFork acquisition, which could strengthen customer engagement and support long-term growth. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: Investors may like the strategic fit of TheFork with AmEx’s existing Resy and Tock assets, reinforcing its premium dining and experiences strategy. Amex Looks to Spend $700 Million to Buy TheFork From Tripadvisor
• Neutral Sentiment: Analysts remain divided, with BTIG reaffirming a sell rating and a $285 price target, signaling valuation concerns despite the recent share strength. American Express had its sell rating reaffirmed by BTIG Research

Analyst Ratings Changes

AXP has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. JPMorgan Chase & Co. dropped their target price on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada set a $415.00 target price on shares of American Express in a report on Friday, April 10th. Wells Fargo & Company dropped their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, The Goldman Sachs Group boosted their target price on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus price target of $359.05.

American Express Stock Performance

American Express stock opened at $341.06 on Wednesday. The firm’s 50 day simple moving average is $317.35 and its 200-day simple moving average is $335.49. The company has a market cap of $232.72 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last released 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 business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the firm posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts predict that American Express Company will post 17.59 EPS for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.71%.

American Express Profile

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.