Nuveen LLC Acquires 293,107 Shares of American Express Company $AXP

Nuveen LLC lifted its holdings in shares of American Express Company (NYSE:AXP) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,172,484 shares of the payment services company’s stock after purchasing an additional 293,107 shares during the quarter. American Express accounts for 0.5% of Nuveen LLC’s holdings, making the stock its 23rd largest position. Nuveen LLC’s holdings in American Express were worth $1,913,560,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AXP. Evolution Wealth Management Inc. increased its holdings in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new position in American Express in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in American Express in the third quarter valued at approximately $28,000. Torren Management LLC bought a new position in American Express in the fourth quarter valued at approximately $32,000. Finally, Entrust Financial LLC bought a new position in American Express in the fourth quarter valued at approximately $41,000. 84.33% of the stock is owned by institutional investors.

American Express Price Performance

AXP stock opened at $318.95 on Friday. The firm has a market cap of $217.63 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.27 and a beta of 1.06. 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 12-month low of $286.15 and a 12-month high of $387.49. The company’s fifty day simple moving average is $315.36 and its 200 day simple moving average is $336.06.

American Express (NYSE:AXP) last announced its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share 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 firm had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the business earned $3.64 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AXP. JPMorgan Chase & Co. decreased their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Truist Financial cut their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, Wells Fargo & Company cut their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. One 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $359.05.

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.