American Express Company $AXP Shares Sold by Boston Partners

Boston Partners reduced its holdings in American Express Company (NYSE:AXP) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,083,328 shares of the payment services company’s stock after selling 96,568 shares during the period. American Express comprises 0.8% of Boston Partners’ holdings, making the stock its 24th largest position. Boston Partners’ holdings in American Express were worth $769,361,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Evolution Wealth Management Inc. increased its stake 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 in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express in the fourth quarter worth approximately $26,000. Sfam LLC acquired a new stake in shares of American Express in the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express in the third quarter worth approximately $28,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Trading Up 2.2%

AXP opened at $325.37 on Friday. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49. The business has a fifty day simple moving average of $315.83 and a 200-day simple moving average of $335.98. The firm has a market cap of $222.01 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.30 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 (NYSE:AXP) last released its quarterly 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. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same period last year, the business posted $3.64 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be issued a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.2%. American Express’s payout ratio is 23.71%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Wells Fargo & Company lowered their price target on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Truist Financial lowered their price target on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Bank of America upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $359.05.

Key American Express News

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

• Positive Sentiment: American Express and Delta Air Lines rolled out refreshed SkyMiles card benefits, updated card designs, and new welcome offers for card members, which could help support cardholder growth and spending. American Express Company (AXP) and Delta Refresh SkyMiles Card Benefits
• Positive Sentiment: CNBC’s “Final Trades” highlighted American Express as a top pick, which can add investor attention and reinforce confidence in the stock. American Express, Live Nation And A Health Care Stock: CNBC’s ‘Final Trades’
• Neutral Sentiment: Several recent writeups note that analysts remain cautious on American Express, with consensus ratings around “Hold,” suggesting the market may be waiting for clearer evidence of earnings momentum. American Express Company (NYSE:AXP) Given Consensus Rating of “Hold” by Analysts
• Neutral Sentiment: Coverage also pointed to a cautious post-earnings tone, indicating investors are still assessing whether American Express can sustain growth after its recent results. American Express Draws Cautious Market Attention After Results
• Neutral Sentiment: News that American Express will break ground next month on its tower at Two World Trade Center is strategically important, but it is unlikely to be a near-term stock driver. American Express to break ground on tower next month at Two World Trade Center — major milestone for tragic site

About American Express

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.