Natixis Advisors LLC Cuts Stock Position in American Express Company $AXP

Natixis Advisors LLC cut its holdings in American Express Company (NYSE:AXP) by 29.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 479,626 shares of the payment services company’s stock after selling 203,889 shares during the quarter. Natixis Advisors LLC’s holdings in American Express were worth $177,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Joseph Group Capital Management purchased a new position in shares of American Express in the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in American Express in the third quarter worth $28,000. Guerra Advisors Inc bought a new stake in American Express in the third quarter worth $28,000. Torren Management LLC bought a new stake in American Express in the fourth quarter worth $32,000. Finally, Entrust Financial LLC bought a new stake in American Express in the fourth quarter worth $41,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Down 0.8%

NYSE:AXP opened at $313.88 on Tuesday. American Express Company has a twelve month low of $286.15 and a twelve month high of $387.49. The company has a market cap of $214.17 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06. The stock has a fifty day simple moving average of $313.18 and a 200-day simple moving average of $338.30. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the company earned $3.64 earnings per share. The business’s revenue for the quarter 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 anticipate that American Express Company will post 17.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Royal Bank Of Canada set a $415.00 price target on American Express in a research report on Friday, April 10th. UBS Group restated a “neutral” rating and issued a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Barclays lowered their price target on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Bank of America raised their price target on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lowered their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Express presently has an average rating of “Hold” and an average target price of $359.05.

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.