American Express Company $AXP Stock Holdings Reduced by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. lowered its holdings in American Express Company (NYSE:AXP) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,949 shares of the payment services company’s stock after selling 4,293 shares during the quarter. American Express makes up 1.2% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 22nd biggest position. Neville Rodie & Shaw Inc.’s holdings in American Express were worth $17,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Archer Investment Corp bought a new position in American Express in the second quarter worth approximately $25,000. Frazier Financial Advisors LLC boosted its position in American Express by 66.7% during the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock valued at $30,000 after acquiring an additional 40 shares in the last quarter. Evolution Wealth Management Inc. increased its holdings in shares of American Express by 58.2% in the 1st quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company’s stock valued at $32,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of American Express by 2,550.0% in the 1st quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock valued at $32,000 after acquiring an additional 102 shares during the period. Finally, Cedar Mountain Advisors LLC raised its position in shares of American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after acquiring an additional 35 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of NYSE:AXP traded up $0.63 during trading on Monday, hitting $303.41. 1,012,053 shares of the stock traded hands, compared to its average volume of 3,234,906. The company has a fifty day moving average price of $327.48 and a two-hundred day moving average price of $324.74. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a market cap of $204.90 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.29 and a beta of 1.08.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.68 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.3%. American Express’s dividend payout ratio is presently 23.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Guggenheim assumed coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Piper Sandler increased their price target on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Benchmark started coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Loop Capital cut their price objective on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Finally, Barclays cut their price target on shares of American Express from $364.00 to $342.00 and set an “equal weight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $364.62.

About American Express

American Express Company (NYSE: AXP) is a global financial services company that provides payment, lending, travel and related products to consumers, small businesses and corporate customers. Its offerings include consumer and business charge and credit cards, payment solutions, commercial financing, deposit products and rewards programs.

American Express also operates a worldwide merchant network and provides businesses with payment acceptance services, transaction-processing capabilities and data-driven marketing solutions.