LB Partners LLC Has $9.07 Million Holdings in American Express Company $AXP

LB Partners LLC cut its holdings in American Express Company (NYSE:AXP) by 6.2% in the first quarter, HoldingsChannel reports. The firm owned 30,000 shares of the payment services company’s stock after selling 2,000 shares during the quarter. American Express accounts for 8.1% of LB Partners LLC’s portfolio, making the stock its 4th largest position. LB Partners LLC’s holdings in American Express were worth $9,074,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Evolution Wealth Management Inc. grew its stake in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express during the 4th quarter valued at about $26,000. Sfam LLC purchased a new stake in shares of American Express during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express in the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express in the third quarter worth about $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AXP. Truist Financial upped their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada set a $415.00 price target on American Express in a research report on Friday, April 10th. Barclays dropped their price objective on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. The Goldman Sachs Group boosted their price objective on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Express currently has a consensus rating of “Moderate Buy” and a consensus price target of $366.95.

More American Express News

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

• Positive Sentiment: Piper Sandler upgraded American Express from neutral to strong-buy, which likely boosted investor confidence in the stock’s outlook.
• Positive Sentiment: American Express and Resy, with the National Restaurant Association Educational Foundation, launched a new Restaurant Academy to train restaurant leaders, reinforcing the company’s brand relationships in dining and hospitality. Article Title
• Positive Sentiment: American Express expanded its Membership Rewards usefulness by letting U.S. cardholders redeem points through Apple Pay, a move that could improve cardholder engagement and loyalty. Article Title
• Positive Sentiment: Multiple articles highlighted American Express’s growth, resilience, and long-term appeal, including commentary that the company remains one of Warren Buffett’s oldest stock picks, helping reinforce a premium valuation narrative. Article Title
• Neutral Sentiment: A fast-company article said Amex wants to help the restaurant industry solve management problems, but it read more like a brand/industry profile than a direct earnings or revenue catalyst. Article Title
• Neutral Sentiment: One note also mentioned a price target increase from BTIG, but the firm kept a sell rating, making the signal mixed rather than clearly positive.

American Express Trading Up 2.7%

Shares of NYSE AXP opened at $347.52 on Thursday. 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 business’s 50 day moving average price is $321.69 and its 200-day moving average price is $333.36. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The company has a market cap of $237.12 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.39 and a beta of 1.04.

American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations 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 previous year, the business earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.65 earnings per share for the current year.

American Express Announces Dividend

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 given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 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.