American Express Company $AXP Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its stake in shares of American Express Company (NYSE:AXP) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,029 shares of the payment services company’s stock after purchasing an additional 1,419 shares during the quarter. Sigma Planning Corp’s holdings in American Express were worth $3,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AXP. Evolution Wealth Management Inc. increased its stake in 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 valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in shares of American Express in the 4th quarter worth $26,000. Sfam LLC purchased a new stake in shares of American Express in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express in the fourth quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the third quarter worth about $28,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

More American Express News

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

• Positive Sentiment: JPMorgan upgraded American Express to Overweight and named it a preferred pick, pointing to the company’s stronger spending-linked revenue model even as broader market worries rise.
• Positive Sentiment: American Express raised its Platinum Card annual fee to $895, a roughly 29% increase, and reports say retention remains high — a favorable sign for future card-fee revenue.
• Positive Sentiment: Several articles highlighted American Express as one of Warren Buffett’s key holdings and a stock to watch, which can support investor confidence in the long-term story.
• Positive Sentiment: Research pieces also pointed to strong earnings growth and price momentum, reinforcing expectations for solid fundamentals heading into the July 24 earnings report.
• Neutral Sentiment: American Express was featured in a branded Montauk/EDITION Hotels event, which is positive for marketing and cardholder engagement but unlikely to move the stock materially by itself.
• Neutral Sentiment: Peer-news around Visa’s AI banking assistant and the reported PayPal takeover chatter may influence sentiment for payments names broadly, but the direct impact on AXP is limited.

Analysts Set New Price Targets

AXP has been the subject of several analyst reports. Bank of America increased their price target on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. TD Cowen lifted their price objective on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Piper Sandler downgraded American Express from an “overweight” rating to a “hold” rating in a research note on Monday. Finally, BTIG Research raised their price target on American Express from $285.00 to $324.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $374.15.

American Express Stock Up 1.0%

Shares of NYSE AXP opened at $358.61 on Thursday. 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 Company has a 52 week low of $288.34 and a 52 week high of $387.49. The firm has a 50-day moving average price of $327.75 and a 200 day moving average price of $331.30. The stock has a market capitalization of $244.69 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 1.43 and a beta of 1.04.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same quarter in the previous year, the firm earned $3.64 earnings per share. The firm’s 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 research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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 paid a dividend of $0.95 per share. 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 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.