American Express Company $AXP Holdings Trimmed by Martin Investment Management LLC

Martin Investment Management LLC reduced its position in shares of American Express Company (NYSE:AXP) by 7.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 31,764 shares of the payment services company’s stock after selling 2,495 shares during the period. American Express accounts for 3.1% of Martin Investment Management LLC’s investment portfolio, making the stock its 10th biggest position. Martin Investment Management LLC’s holdings in American Express were worth $11,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AXP. Joseph Group Capital Management acquired a new position in American Express during the fourth quarter valued at $26,000. Guerra Advisors Inc purchased a new stake in American Express in the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in American Express during the 3rd quarter worth about $28,000. Torren Management LLC purchased a new position in American Express during the 4th quarter valued at about $32,000. Finally, Entrust Financial LLC purchased a new position in American Express during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AXP shares. Morgan Stanley reduced their price target on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Wells Fargo & Company dropped their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Truist Financial cut their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. UBS Group reissued a “neutral” rating and set a $395.00 target price on shares of American Express in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada set a $415.00 price target on shares of American Express in a report on Friday, April 10th. 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 given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $359.05.

American Express Stock Down 0.8%

American Express stock opened at $313.88 on Tuesday. 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 1-year low of $286.15 and a 1-year high of $387.49. The firm’s fifty day simple moving average is $313.18 and its 200-day simple moving average is $338.30. The company has a market capitalization of $214.17 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.29 and a beta of 1.06.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (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 $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the prior year, the company posted $3.64 earnings per share. American Express’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. Sell-side analysts forecast that American Express Company will post 17.59 earnings per share for the current fiscal year.

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.