Hsbc Holdings PLC Reduces Stock Holdings in American Express Company $AXP

Hsbc Holdings PLC lessened its position in shares of American Express Company (NYSE:AXP) by 11.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,668,075 shares of the payment services company’s stock after selling 225,720 shares during the quarter. Hsbc Holdings PLC’s holdings in American Express were worth $505,067,000 at the end of the most recent quarter.

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

American Express News Summary

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

• Neutral Sentiment: Jefferies reiterated its Hold rating on American Express, signaling a wait-and-see stance rather than a more bullish upgrade. Jefferies Sticks to Their Hold Rating for American Express (AXP)
• Neutral Sentiment: Barclays also kept a Hold rating on AXP, reinforcing the view that analysts are not seeing an immediate upside catalyst. Barclays Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Zacks-related coverage noted that American Express has been attracting trading attention, but the article does not point to a fresh operational update or earnings surprise. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Another Zacks piece similarly frames AXP as a trending stock without adding a new fundamental driver. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Coverage ahead of earnings highlighted that American Express was expected to report results soon, but the item itself did not provide a new beat/miss or guidance update. American Express (AXP) Projected to Release Earnings on Friday

Analysts Set New Price Targets

Several brokerages recently issued reports on AXP. Royal Bank Of Canada downgraded American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Benchmark assumed coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Truist Financial boosted their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Piper Sandler downgraded American Express from an “overweight” rating to a “hold” rating in a research report on Monday, July 13th. Finally, TD Cowen increased their price objective on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $374.15.

American Express Stock Performance

Shares of AXP opened at $355.44 on Friday. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. The company’s 50 day simple moving average is $329.39 and its 200 day simple moving average is $331.33. The company has a market capitalization of $242.52 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

American Express (NYSE:AXP) last released 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. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s payout ratio is currently 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.