Park National Corp OH Has $4.47 Million Stock Position in American Express Company $AXP

Park National Corp OH reduced its position in shares of American Express Company (NYSE:AXP) by 9.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 14,771 shares of the payment services company’s stock after selling 1,555 shares during the quarter. Park National Corp OH’s holdings in American Express were worth $4,468,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares during the period. Fisher Asset Management LLC raised its stake in shares of American Express by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares during the last quarter. Bank of America Corp DE lifted its holdings in American Express by 7.7% in the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after buying an additional 558,533 shares during the period. Capital World Investors lifted its holdings in American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after buying an additional 2,393,340 shares during the period. Finally, Norges Bank bought a new position in American Express in the fourth quarter valued at approximately $2,464,215,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXP. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. BTIG Research reissued a “sell” rating and issued a $285.00 price target on shares of American Express in a research note on Tuesday, June 16th. Truist Financial reduced their price target on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Royal Bank Of Canada set a $415.00 price objective on American Express in a research note on Friday, April 10th. Finally, Loop Capital assumed coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Hold” and a consensus price target of $360.80.

American Express Stock Up 0.3%

American Express stock opened at $338.86 on Friday. The firm has a market capitalization of $231.22 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.39 and a beta of 1.06. The company’s 50 day simple moving average is $319.14 and its 200 day simple moving average is $335.16. 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 issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.21 billion during 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 business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.64 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued 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 payout ratio is 23.71%.

American Express News Roundup

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

American Express Company 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.