OLD National Bancorp IN Reduces Holdings in American Express Company $AXP

OLD National Bancorp IN lowered its position in shares of American Express Company (NYSE:AXP) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,243 shares of the payment services company’s stock after selling 5,162 shares during the period. OLD National Bancorp IN’s holdings in American Express were worth $8,969,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Gratus Wealth Advisors LLC increased its position in American Express by 0.8% during the third quarter. Gratus Wealth Advisors LLC now owns 3,712 shares of the payment services company’s stock worth $1,233,000 after buying an additional 28 shares during the period. Murphy & Mullick Capital Management Corp lifted its stake in American Express by 10.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock valued at $105,000 after buying an additional 28 shares during the last quarter. Capital Asset Advisory Services LLC boosted its holdings in shares of American Express by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock valued at $465,000 after acquiring an additional 28 shares during the period. Lantz Financial LLC grew its position in shares of American Express by 3.6% during the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock worth $299,000 after acquiring an additional 28 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its position in shares of American Express by 1.0% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 2,910 shares of the payment services company’s stock worth $967,000 after acquiring an additional 29 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Key American Express News

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

• Positive Sentiment: Q1 EPS topped estimates at $4.28 vs. a $4.01 consensus and cardmember spending grew at the strongest quarterly rate since 2022—driving the upside reaction. American Express (AXP) Stock Gains After Q1 Earnings Beat Expectations
• Positive Sentiment: Company reported higher net income ($3.0B) and management reaffirmed full?year guidance, supported by fee growth, rising card balances and strong travel/discretionary spending. American Express trumps Q1 estimates, reaffirms full-year outlook
• Positive Sentiment: Premium/affluent customers remain a tailwind—spending on luxury goods and premium airfares drove the quarter and underpinned margin strength. Amex cardholders are loading up on luxury goods…
• Neutral Sentiment: Company is rolling out new membership/experiential initiatives (NFL Draft activation) and investing in AI/payment tools—positive for long-term engagement but not immediate EPS drivers. American Express Debuts New Membership Experiences
• Negative Sentiment: Some analysts flagged macro uncertainty; JPMorgan recently trimmed its price target on AXP citing the backdrop, and consensus ratings remain largely in the “Hold” camp—these views cap upside. AXP PT Slashed by JPMorgan on Uncertain Macro Outlook

American Express Stock Performance

NYSE:AXP opened at $329.07 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.59 and a quick ratio of 1.58. The firm has a market cap of $225.67 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.39 and a beta of 1.13. The firm’s fifty day moving average price is $314.60 and its 200 day moving average price is $344.56. American Express Company has a 1-year low of $257.21 and a 1-year high of $387.49.

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 company had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.00% and a return on equity of 33.49%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $3.64 EPS. On average, sell-side analysts expect that American Express Company will post 17.53 EPS for the current year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s payout ratio is presently 24.69%.

Analyst Ratings Changes

Several research firms recently commented on AXP. UBS Group reiterated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. 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. Credit Suisse Group set a $328.00 target price on shares of American Express in a research note on Monday, January 12th. Barclays lowered their price target on American Express from $367.00 to $323.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, TD Cowen restated a “hold” rating on shares of American Express in a research report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $359.67.

Insiders Place Their Bets

In other news, insider Howard Grosfield sold 8,134 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $346.73, for a total value of $2,820,301.82. Following the completion of the sale, the insider directly owned 9,433 shares of the company’s stock, valued at $3,270,704.09. This trade represents a 46.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ravikumar Radhakrishnan sold 15,000 shares of American Express stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $356.58, for a total value of $5,348,700.00. Following the completion of the sale, the insider owned 8,945 shares in the company, valued at approximately $3,189,608.10. This trade represents a 62.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 73,944 shares of company stock valued at $26,114,366. Corporate insiders own 0.14% of the company’s stock.

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.