American Express Company $AXP Holdings Reduced by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC trimmed its holdings in American Express Company (NYSE:AXP) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 164,011 shares of the payment services company’s stock after selling 21,027 shares during the quarter. American Express accounts for approximately 6.2% of Iron Gate Global Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Iron Gate Global Advisors LLC’s holdings in American Express were worth $60,677,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Gotham Asset Management LLC boosted its holdings in American Express by 11.9% in the fourth quarter. Gotham Asset Management LLC now owns 24,048 shares of the payment services company’s stock valued at $8,897,000 after purchasing an additional 2,557 shares during the last quarter. Element Capital Management LLC purchased a new stake in American Express in the fourth quarter valued at $1,911,000. Evolve Private Wealth LLC purchased a new stake in American Express in the fourth quarter valued at $7,276,000. Engineers Gate Manager LP purchased a new stake in American Express in the fourth quarter valued at $566,000. Finally, Concentric Capital Strategies LP purchased a new stake in American Express in the fourth quarter valued at $3,023,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express News Roundup

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

• Positive Sentiment: American Express agreed to buy Tripadvisor’s TheFork platform for about $700 million in cash, expanding its European dining network and potentially making its premium card offerings more attractive to customers. TheFork Joins AmEx’s Growing Global Dining Network in $700M Deal
• Positive Sentiment: Several reports noted that the TheFork deal could be viewed as value-creating and supportive of American Express’s long-term growth strategy, reinforcing its push into dining and experiences. TheFork Joins AmEx’s Growing Global Dining Network in $700M Deal
• Neutral Sentiment: Analyst commentary remains mixed, with some firms highlighting American Express as an attractive value/growth name while others continue to recommend caution, creating an uneven sentiment backdrop for the shares. Analysts Have Conflicting Sentiments on These Financial Companies: Progressive (PGR) and American Express (AXP)
• Neutral Sentiment: BTIG reiterated a sell rating and a $285 price target, which suggests some downside risk and may temper enthusiasm around the recent gains. Benzinga report on BTIG rating

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays lowered 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. Loop Capital assumed coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Bank of America upped their price objective on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Evercore set a $345.00 price objective on shares of American Express in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $359.05.

American Express Stock Down 0.1%

AXP stock opened at $340.25 on Thursday. The company has a market cap of $232.16 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.38 and a beta of 1.06. 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 Company has a 12 month low of $288.34 and a 12 month high of $387.49. The firm has a 50-day moving average of $318.05 and a two-hundred day moving average of $335.33.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts forecast that American Express Company will post 17.6 earnings per share for the current fiscal 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. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.71%.

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.