Raiffeisen Bank International AG Decreases Stock Holdings in American Express Company $AXP

Raiffeisen Bank International AG reduced its stake in shares of American Express Company (NYSE:AXP) by 0.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 170,088 shares of the payment services company’s stock after selling 1,546 shares during the quarter. Raiffeisen Bank International AG’s holdings in American Express were worth $57,980,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Evolution Wealth Management Inc. lifted its position in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Sfam LLC acquired a new stake in shares of American Express in the 4th quarter worth approximately $26,000. Archer Investment Corp purchased a new position in American Express in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express in the 4th quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in American Express during the fourth quarter worth $29,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on AXP. Piper Sandler boosted their target price on American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. UBS Group dropped their price target on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. BTIG Research cut their price target on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. Guggenheim assumed coverage on shares of American Express in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Express has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Stock Down 0.1%

Shares of NYSE AXP opened at $329.79 on Friday. The firm has a market cap of $222.71 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The firm’s 50 day moving average price is $341.96 and its 200 day moving average price is $325.36.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the firm posted $4.08 EPS. American Express’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.68 earnings per share for the current year.

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.