Parkway Wealth Management Group LLC Trims Holdings in American Express Company $AXP

Parkway Wealth Management Group LLC trimmed its holdings in American Express Company (NYSE:AXP) by 65.7% in the 1st quarter, Holdings Channel reports. The fund owned 818 shares of the payment services company’s stock after selling 1,567 shares during the quarter. Parkway Wealth Management Group LLC’s holdings in American Express were worth $260,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AXP. Sumitomo Mitsui Financial Group Inc. boosted its holdings in 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 worth $27,524,000 after acquiring an additional 8,651 shares in the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of American Express by 159.5% during the third quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock valued at $10,500,000 after acquiring an additional 19,429 shares in the last quarter. Keybank National Association OH raised its position in shares of American Express by 3.0% in the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after purchasing an additional 10,495 shares during the last quarter. Investment Research Partners LLC bought a new position in American Express in the 3rd quarter worth about $1,573,000. Finally, Swiss Life Asset Management Ltd grew its position in American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after purchasing an additional 35,533 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

AXP has been the subject of several recent analyst reports. Truist Financial lifted their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays cut their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Evercore set a $345.00 price objective on shares of American Express in a report on Wednesday, April 29th. Wells Fargo & Company lowered their price objective on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Finally, Morgan Stanley cut their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $361.55.

American Express Stock Performance

Shares of NYSE AXP opened at $341.83 on Friday. The firm’s 50-day moving average price is $320.67 and its 200-day moving average price is $334.20. 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 company has a market cap of $233.24 billion, a PE ratio of 21.32, a PEG ratio of 1.41 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.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.21 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 firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts anticipate that American Express Company will post 17.64 EPS for the current year.

American Express Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio is presently 23.71%.

More American Express News

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

• Positive Sentiment: American Express released its 2026 Dodd-Frank Act stress test results and said it will keep its Stress Capital Buffer at the minimum 2.5% through September 30, 2027, signaling a solid capital position and regulatory stability. American Express Releases 2026 Dodd-Frank Act Stress Test Results
• Positive Sentiment: The company announced a new ABA business card partnership for solo lawyers and small firms, expanding its commercial payments reach and adding another growth avenue in a niche professional market. American Express Releases 2026 Dodd-Frank Act Stress Test Results
• Positive Sentiment: Truist raised its price target on AXP to $375 from $360 and reiterated a Buy rating, reinforcing optimism around earnings and valuation. Benzinga report on Truist price target increase
• Neutral Sentiment: Management also scheduled its second-quarter 2026 earnings webcast for July 24, which keeps investors focused on upcoming results but is not, by itself, a major catalyst. American Express Plans Live Audio Webcast of Second-Quarter 2026 Earnings Conference Call
• Negative Sentiment: Some recent commentary questioned whether American Express can maintain resilience if the broader consumer weakens, highlighting a lingering risk around affluent spending and credit quality. American Express Caters to Affluent Spenders. Can That Cushion It If the Consumer Cracks?

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.