American Express Company $AXP Holdings Reduced by Meitav Investment House Ltd.

Meitav Investment House Ltd. lessened its holdings in shares of American Express Company (NYSE:AXP) by 44.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 19,696 shares of the payment services company’s stock after selling 15,933 shares during the quarter. Meitav Investment House Ltd.’s holdings in American Express were worth $5,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AXP. Resonant Capital Advisors LLC grew its holdings in American Express by 0.7% in the 1st quarter. Resonant Capital Advisors LLC now owns 16,643 shares of the payment services company’s stock worth $5,034,000 after buying an additional 121 shares in the last quarter. United Asset Strategies Inc. raised its stake in American Express by 2.0% during the 1st quarter. United Asset Strategies Inc. now owns 3,686 shares of the payment services company’s stock valued at $1,115,000 after acquiring an additional 74 shares in the last quarter. Shelton Wealth Management LLC bought a new stake in American Express during the 1st quarter valued at $816,000. Baxter Bros Inc. boosted its position in American Express by 2.1% during the 1st quarter. Baxter Bros Inc. now owns 79,992 shares of the payment services company’s stock worth $24,196,000 after acquiring an additional 1,619 shares during the period. Finally, Greatmark Investment Partners Inc. boosted its position in American Express by 6.7% during the 1st quarter. Greatmark Investment Partners Inc. now owns 116,949 shares of the payment services company’s stock worth $35,375,000 after acquiring an additional 7,365 shares during the period. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express News Summary

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

• Positive Sentiment: UBS raised its price target on American Express to $386 from $340 while keeping a neutral rating, signaling more upside than it previously expected. UBS raises American Express price target
• Positive Sentiment: Barclays also lifted its price target to $364 from $322 and maintained an equal weight rating, adding to the broader bullish tone from Wall Street. Barclays issues positive forecast for American Express
• Positive Sentiment: Brokerage consensus remains favorable, with American Express continuing to carry a “Moderate Buy” recommendation overall. Consensus recommendation for American Express
• Positive Sentiment: Investor commentary has highlighted recent shareholder-friendly actions such as a higher dividend, a steady capital buffer, and Apple Pay redemption expansion, which support the long-term bull case for AXP. Amex capital return and Apple Pay push
• Neutral Sentiment: American Express also launched a Restaurant Academy with Resy and the NRAEF, a brand-building initiative that may help deepen merchant relationships but is not a near-term earnings driver. American Express launches Restaurant Academy
• Negative Sentiment: Not all commentary is upbeat: one fund letter cited American Express as a performance detractor due to AI disruption concerns, which could temper enthusiasm around the stock. Bretton Fund investor letter

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Morgan Stanley decreased 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 research report on Thursday, April 16th. TD Cowen raised their target price on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday. Evercore set a $380.00 price target on shares of American Express in a research report on Monday. Finally, BTIG Research upped their price target on shares of American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $368.50.

American Express Price Performance

AXP stock traded down $4.81 during trading hours on Tuesday, hitting $351.22. 748,315 shares of the stock traded hands, compared to its average volume of 3,394,933. The stock has a 50-day simple moving average of $322.50 and a 200 day simple moving average of $332.93. The company has a market cap of $239.65 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.45 and a beta of 1.04. American Express Company has a one year low of $288.34 and a one year high of $387.49. 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 issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping the consensus estimate of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $18.60 billion. During the same period in the previous year, the business earned $3.64 earnings per share. American Express’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. Equities analysts forecast that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

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