Banco Bilbao Vizcaya Argentaria S.A. Purchases 2,378 Shares of American Express Company $AXP

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in American Express Company (NYSE:AXP) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 87,952 shares of the payment services company’s stock after acquiring an additional 2,378 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in American Express were worth $32,605,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AXP. Trajan Wealth LLC increased its holdings in American Express by 30.9% in the third quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after purchasing an additional 5,881 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings 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 worth $2,837,000 after buying an additional 5,860 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. grew its position 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 worth $27,524,000 after buying an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC increased 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 acquiring an additional 12,750 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased 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 acquiring an additional 19,429 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Key American Express News

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

• Positive Sentiment: American Express agreed to buy Tripadvisor’s TheFork platform for about $700 million in cash, expanding its European dining network and potentially making its premium card offerings more attractive to customers. TheFork Joins AmEx’s Growing Global Dining Network in $700M Deal
• Positive Sentiment: Several reports noted that the TheFork deal could be viewed as value-creating and supportive of American Express’s long-term growth strategy, reinforcing its push into dining and experiences. TheFork Joins AmEx’s Growing Global Dining Network in $700M Deal
• Neutral Sentiment: Analyst commentary remains mixed, with some firms highlighting American Express as an attractive value/growth name while others continue to recommend caution, creating an uneven sentiment backdrop for the shares. Analysts Have Conflicting Sentiments on These Financial Companies: Progressive (PGR) and American Express (AXP)
• Neutral Sentiment: BTIG reiterated a sell rating and a $285 price target, which suggests some downside risk and may temper enthusiasm around the recent gains. Benzinga report on BTIG rating

Wall Street Analyst Weigh In

AXP has been the topic of several research analyst reports. Barclays cut their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Loop Capital started coverage on shares of American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. Evercore set a $345.00 target price on American Express in a research note on Wednesday, April 29th. The Goldman Sachs Group upped their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express has an average rating of “Hold” and an average price target of $359.05.

American Express Stock Down 0.1%

American Express stock opened at $340.25 on Thursday. The firm has a market capitalization of $232.16 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 1.38 and a beta of 1.06. The firm’s fifty day moving average price is $318.05 and its two-hundred day moving average price is $335.33. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. 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 (NYSE:AXP) last posted its earnings results 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 net margin of 15.13% and a return on equity of 33.95%. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the previous year, the firm posted $3.64 earnings per share. The firm’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, equities research analysts predict that American Express Company will post 17.6 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

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.