K.J. Harrison & Partners Inc Takes $1.21 Million Position in American Express Company $AXP

K.J. Harrison & Partners Inc acquired a new position in shares of American Express Company (NYSE:AXP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,003 shares of the payment services company’s stock, valued at approximately $1,211,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hudson Bay Capital Management LP grew its position in American Express by 159.5% in the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock valued at $10,500,000 after purchasing an additional 19,429 shares in the last quarter. Keybank National Association OH lifted its position in American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after buying an additional 10,495 shares in the last quarter. Investment Research Partners LLC acquired a new position in shares of American Express during the 3rd quarter worth about $1,573,000. Swiss Life Asset Management Ltd grew its holdings in shares of American Express by 34.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after acquiring an additional 35,533 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of American Express by 6.2% in the 4th quarter. Nordea Investment Management AB now owns 2,474,363 shares of the payment services company’s stock valued at $920,710,000 after acquiring an additional 144,512 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Trading Down 0.1%

American Express stock opened at $351.66 on Friday. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a market capitalization of $239.95 billion, a P/E ratio of 21.94, a PEG ratio of 1.45 and a beta of 1.04. The stock has a 50-day simple moving average of $322.50 and a 200 day simple moving average of $333.27.

American Express (NYSE:AXP) last released its quarterly earnings data 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 return on equity of 33.95% and a net margin of 15.13%.The firm had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the company earned $3.64 earnings per share. The business’s revenue for the quarter 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. Analysts expect that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors 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 yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on AXP shares. Loop Capital started coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price on the stock. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Truist Financial boosted their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Barclays dropped their price objective on American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, Bank of America raised their target price on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $366.95.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express was highlighted in multiple articles as an attractive value and momentum stock, with Zacks and other outlets pointing to strong earnings/price momentum and undervaluation versus peers. Article Title
• Positive Sentiment: News that American Express is expanding its premium-card ecosystem beyond airports and into festivals and sporting events reinforces its appeal to affluent customers who generate high spending and fee revenue. Article Title
• Positive Sentiment: Tripadvisor said it will sell TheFork to American Express for $700 million in cash, a deal that suggests AmEx is still actively investing to broaden its travel and membership offerings. Article Title
• Neutral Sentiment: Several articles focused on valuation comparisons and sector commentary rather than a direct company-specific catalyst, including comparisons of AXP versus Intercorp Financial Services and Mastercard. Article Title
• Neutral Sentiment: American Express is approaching its next earnings report, with Wall Street expecting mid-single-digit EPS growth; this keeps attention on fundamentals but does not yet provide a new earnings result. Article Title
• Negative Sentiment: One analysis argued Mastercard may be the safer choice because it has more fee-based, risk-light economics, implicitly reminding investors that American Express carries more credit exposure and sensitivity to consumer health. Article Title

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.