American Express Company $AXP Shares Bought by One Way Holdings LLC

One Way Holdings LLC boosted its holdings in shares of American Express Company (NYSE:AXP) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 80,987 shares of the payment services company’s stock after buying an additional 3,761 shares during the period. One Way Holdings LLC’s holdings in American Express were worth $24,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AXP. BlackRock Inc. purchased a new position in shares of American Express during the second quarter valued at $14,208,662,000. State Street Corp increased its position in American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after buying an additional 11,739,541 shares during the last quarter. Bank of America Corp DE boosted its position in American Express by 8.4% during the second quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock worth $2,695,702,000 after purchasing an additional 614,981 shares during the period. Corient Private Wealth LP acquired a new position in American Express during the 2nd quarter worth $253,945,000. Finally, Bank of New York Mellon Corp acquired a new position in American Express during the 2nd quarter valued at $1,263,787,000. 84.33% of the stock is currently owned by institutional investors.

American Express Trading Down 0.0%

Shares of American Express stock opened at $319.03 on Monday. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.64. The business’s 50 day moving average is $317.18 and its 200-day moving average is $326.44. The stock has a market cap of $213.93 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.35 and a beta of 1.09.

American Express (NYSE:AXP) last issued its quarterly earnings data on Friday, October 23rd. The payment services company reported $4.68 earnings per share for the quarter, beating the consensus estimate of $4.50 by $0.18. The company had revenue of $20.06 billion for the quarter, compared to analyst estimates of $20.12 billion. American Express had a net margin of 15.80% and a return on equity of 34.19%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm earned $4.14 earnings per share. American Express has set its FY 2026 guidance at 17.600-17.900 EPS. Equities research analysts predict that American Express Company will post 17.88 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 9th will be paid a $0.95 dividend. 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 Friday, October 9th. American Express’s payout ratio is currently 21.40%.

Wall Street Analysts Forecast Growth

AXP has been the topic of several analyst reports. Evercore set a $330.00 target price on shares of American Express in a report on Tuesday, October 27th. Piper Sandler lifted their price objective on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. UBS Group reduced their target price on American Express from $384.00 to $345.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. TD Cowen cut their target price on shares of American Express from $338.00 to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Finally, BTIG Research lowered their price objective on shares of American Express from $315.00 to $230.00 and set a “sell” rating for the company in a research report on Monday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $365.19.

About American Express

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.