American Express Company $AXP Shares Sold by Profund Advisors LLC

Profund Advisors LLC lessened its stake in American Express Company (NYSE:AXPFree Report) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,067 shares of the payment services company’s stock after selling 1,741 shares during the quarter. Profund Advisors LLC’s holdings in American Express were worth $3,724,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AXP. Valley Wealth Managers Inc. raised its stake in shares of American Express by 153.3% in the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. Joseph Group Capital Management acquired a new stake in American Express during the fourth quarter worth about $26,000. Guerra Advisors Inc acquired a new stake in American Express during the third quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in American Express during the third quarter worth about $28,000. Finally, Torren Management LLC acquired a new stake in American Express during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of several research reports. JPMorgan Chase & Co. dropped 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. Morgan Stanley dropped their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, UBS Group reiterated a “neutral” rating and set a $395.00 price objective on shares of American Express in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Express presently has an average rating of “Hold” and a consensus price target of $357.47.

Get Our Latest Report on AXP

American Express Trading Down 0.9%

American Express stock opened at $309.42 on Wednesday. The firm has a 50 day simple moving average of $311.01 and a 200-day simple moving average of $341.59. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market capitalization of $211.13 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. American Express Company has a 12-month low of $281.46 and a 12-month high of $387.49.

American Express (NYSE:AXPGet Free Report) last posted 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. The business had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts expect that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were issued a dividend of $0.95 per share. The ex-dividend date was Thursday, April 2nd. This is a positive change from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s payout ratio is 23.71%.

American Express News Roundup

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

American Express Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for American Express (NYSE:AXP)

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