Parkway Wealth Management Group LLC Sells 1,567 Shares of American Express Company $AXP

Parkway Wealth Management Group LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 65.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 818 shares of the payment services company’s stock after selling 1,567 shares during the quarter. Parkway Wealth Management Group LLC’s holdings in American Express were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXP. Norges Bank purchased a new position in American Express in the 4th quarter worth approximately $2,464,215,000. Capital World Investors grew its holdings in shares of 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 worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of American Express by 27.0% in the third quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock worth $1,310,515,000 after purchasing an additional 845,283 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 worth $2,904,218,000 after buying an additional 558,533 shares during the period. Finally, Amundi raised its holdings in American Express by 23.9% during the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after buying an additional 537,205 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.2%

NYSE:AXP opened at $341.83 on Friday. The company has a 50-day moving average price of $320.67 and a 200-day moving average price of $334.20. The stock has a market cap of $233.24 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.41 and a beta of 1.06. 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 $288.34 and a 12 month high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating 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 $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter in the previous year, the company earned $3.64 earnings per share. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts predict that American Express Company will post 17.64 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio is 23.71%.

Wall Street Analysts Forecast Growth

AXP has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. The Goldman Sachs Group raised their target price on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. BTIG Research reaffirmed a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Tuesday, June 16th. Finally, Barclays dropped their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $361.55.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express released its 2026 Dodd-Frank Act stress test results and said it will keep its Stress Capital Buffer at the minimum 2.5% through September 30, 2027, signaling a solid capital position and regulatory stability. American Express Releases 2026 Dodd-Frank Act Stress Test Results
• Positive Sentiment: The company announced a new ABA business card partnership for solo lawyers and small firms, expanding its commercial payments reach and adding another growth avenue in a niche professional market. American Express Releases 2026 Dodd-Frank Act Stress Test Results
• Positive Sentiment: Truist raised its price target on AXP to $375 from $360 and reiterated a Buy rating, reinforcing optimism around earnings and valuation. Benzinga report on Truist price target increase
• Neutral Sentiment: Management also scheduled its second-quarter 2026 earnings webcast for July 24, which keeps investors focused on upcoming results but is not, by itself, a major catalyst. American Express Plans Live Audio Webcast of Second-Quarter 2026 Earnings Conference Call
• Negative Sentiment: Some recent commentary questioned whether American Express can maintain resilience if the broader consumer weakens, highlighting a lingering risk around affluent spending and credit quality. American Express Caters to Affluent Spenders. Can That Cushion It If the Consumer Cracks?

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.