Lee Johnson Capital Management LLC Trims Stock Holdings in American Express Company $AXP

Lee Johnson Capital Management LLC reduced its holdings in shares of American Express Company (NYSE:AXP) by 90.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,597 shares of the payment services company’s stock after selling 14,743 shares during the period. Lee Johnson Capital Management LLC’s holdings in American Express were worth $483,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Trajan Wealth LLC increased its position in shares of American Express by 30.9% during the third quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after acquiring an additional 5,881 shares during the period. Hillsdale Investment Management Inc. raised its stake in shares of American Express by 218.7% during the third quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock valued at $2,837,000 after acquiring an additional 5,860 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of American Express by 11.7% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock valued at $27,524,000 after purchasing an additional 8,651 shares during the period. Parr Mcknight Wealth Management Group LLC boosted its holdings in shares of American Express by 1,243.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock valued at $4,576,000 after purchasing an additional 12,750 shares during the period. Finally, Hudson Bay Capital Management LP grew its stake 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 worth $10,500,000 after purchasing an additional 19,429 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

American Express Stock Performance

Shares of NYSE:AXP opened at $338.86 on Monday. The company has a market capitalization of $231.22 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The firm has a 50 day moving average of $319.14 and a 200 day moving average of $334.98.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 17.64 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 Monday, August 10th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is 23.71%.

Wall Street Analyst Weigh In

AXP has been the topic of several research reports. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Thursday. Barclays lowered their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Truist Financial dropped their price target on American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. decreased their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Express presently has an average rating of “Hold” and a consensus target price of $360.80.

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.