Ghe LLC Sells 12,587 Shares of American Express Company $AXP

Ghe LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 69.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,415 shares of the payment services company’s stock after selling 12,587 shares during the period. Ghe LLC’s holdings in American Express were worth $1,638,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AXP. Y.D. More Investments Ltd grew its stake in shares of American Express by 29.7% in the first quarter. Y.D. More Investments Ltd now owns 1,486 shares of the payment services company’s stock worth $446,000 after acquiring an additional 340 shares during the last quarter. Hibernia Wealth Partners LLC raised its stake in American Express by 4.5% during the 1st quarter. Hibernia Wealth Partners LLC now owns 1,637 shares of the payment services company’s stock valued at $495,000 after purchasing an additional 71 shares during the last quarter. Lifeworks Advisors LLC boosted its holdings in American Express by 39.5% in the 1st quarter. Lifeworks Advisors LLC now owns 3,600 shares of the payment services company’s stock valued at $1,089,000 after purchasing an additional 1,019 shares during the period. Navigate Wealth Management LLC acquired a new stake in American Express in the 1st quarter worth $254,000. Finally, LGT Fund Management Co Ltd. increased its holdings in shares of American Express by 259.7% during the 1st quarter. LGT Fund Management Co Ltd. now owns 11,286 shares of the payment services company’s stock worth $3,414,000 after purchasing an additional 8,148 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express News Roundup

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

• Positive Sentiment: American Express is expanding AI across payments, including new tools and security features, which could improve customer experience, fraud prevention, and long-term growth prospects. Can AmEx’s AI Investments Unlock the Next Phase of Growth?
• Positive Sentiment: Bank of America raised its price target on AXP to $391 from $387 and kept a buy rating, signaling continued confidence in upside from current levels. American Express price target raised by Bank of America Corporation
• Positive Sentiment: Some recent commentary says the stock may be a bargain after its pullback this year, with upcoming second-quarter earnings viewed as a potential catalyst for a rebound. Is American Express Stock a Bargain?
• Neutral Sentiment: American Express also broke ground on its new global headquarters at 2 World Trade Center, a long-term strategic project that supports brand and operational growth but is not an immediate earnings driver. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Negative Sentiment: Recent articles note AXP has been under pressure this year and fell more sharply than the broader market in the latest session, reminding investors that sentiment is still somewhat fragile ahead of earnings. American Express (AXP) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AXP. Piper Sandler initiated coverage on American Express in a report on Monday, June 29th. They set an “overweight” rating and a $396.00 price objective on the stock. Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Barclays lifted their price target on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. The Goldman Sachs Group boosted their price target on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $368.70.

American Express Trading Down 0.0%

Shares of AXP opened at $350.52 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The company has a market cap of $239.17 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 1.41 and a beta of 1.04. The stock has a fifty day moving average price of $325.61 and a two-hundred day moving average price of $331.86. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49.

American Express (NYSE:AXP) last posted 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. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter last year, the company posted $3.64 EPS. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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

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.