Forum Financial Management LP Cuts Stock Position in American Express Company $AXP

Forum Financial Management LP trimmed its position in American Express Company (NYSE:AXP) by 66.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,682 shares of the payment services company’s stock after selling 5,364 shares during the period. Forum Financial Management LP’s holdings in American Express were worth $811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. lifted its position in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in American Express during the 4th quarter worth approximately $26,000. Sfam LLC acquired a new position in American Express during the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express in the 3rd quarter valued at approximately $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a report on Thursday, April 9th. Royal Bank Of Canada set a $415.00 target price on American Express in a report on Friday, April 10th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Wells Fargo & Company lowered their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, BTIG Research raised their price objective on shares of American Express from $285.00 to $324.00 and gave the company a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $365.05.

American Express Stock Performance

Shares of AXP stock opened at $338.15 on Wednesday. The stock has a fifty day moving average price of $321.34 and a 200 day moving average price of $333.62. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The stock has a market cap of $230.73 billion, a PE ratio of 21.09, a P/E/G ratio of 1.41 and a beta of 1.06. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts forecast that American Express Company will post 17.64 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.71%.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express announced that U.S. card members can now redeem Membership Rewards points directly in Apple Pay checkout, expanding everyday points usage and potentially improving cardholder loyalty and spend. Amex and Apple Pay Enable Users to Pay With Points
• Positive Sentiment: Analysts and market commentary highlighted American Express as a stock worth watching, with bullish write-ups citing resilient lending programs and the company’s credit performance metrics as signs of stable asset quality. Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
• Neutral Sentiment: BTIG raised its price target on American Express but kept a sell rating, signaling mixed analyst sentiment rather than a clear bullish catalyst. American Express price target raised by BTIG Research
• Neutral Sentiment: American Express is also building a stablecoin and blockchain partnerships team, which suggests long-term innovation efforts but is too early to have a clear near-term earnings impact. American Express Builds a Stablecoin Team With VP Role Paying Up to $282,000

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.