OLD National Bancorp IN Sells 12,516 Shares of American Express Company $AXP

OLD National Bancorp IN lessened its holdings in American Express Company (NYSE:AXP) by 51.6% during the first quarter, HoldingsChannel reports. The fund owned 11,727 shares of the payment services company’s stock after selling 12,516 shares during the quarter. OLD National Bancorp IN’s holdings in American Express were worth $3,547,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. increased its holdings in 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 worth $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new position in shares of American Express in the fourth quarter valued at approximately $26,000. Sfam LLC purchased a new position in shares of American Express during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express during the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in American Express during the third quarter worth $28,000. Institutional investors own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore set a $345.00 price objective on American Express in a research note on Wednesday, April 29th. Truist Financial upped their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley lowered their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Bank of America raised their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Royal Bank Of Canada set a $415.00 price target on shares of American Express in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $361.55.

American Express Stock Down 0.4%

Shares of NYSE AXP opened at $341.11 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market capitalization of $232.75 billion, a PE ratio of 21.28, a P/E/G ratio of 1.41 and a beta of 1.06. American Express Company has a one year low of $288.34 and a one year high of $387.49. The business’s fifty day moving average price is $320.91 and its 200-day moving average price is $334.24.

American Express (NYSE:AXP) last announced its quarterly earnings data 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 company had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same quarter last year, the firm posted $3.64 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.64 EPS for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be paid a $0.95 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) 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.