American Express Company $AXP Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its position in shares of American Express Company (NYSE:AXP) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,364 shares of the payment services company’s stock after buying an additional 2,339 shares during the period. Resona Asset Management Co. Ltd.’s holdings in American Express were worth $52,576,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Griffith & Werner Inc. lifted its stake in American Express by 15.5% during the first quarter. Griffith & Werner Inc. now owns 5,879 shares of the payment services company’s stock worth $1,778,000 after purchasing an additional 787 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in American Express by 20.0% in the first quarter. Personal CFO Solutions LLC now owns 10,622 shares of the payment services company’s stock worth $3,213,000 after purchasing an additional 1,772 shares during the period. Stenger Family Office LLC increased its stake in American Express by 17.1% during the first quarter. Stenger Family Office LLC now owns 20,010 shares of the payment services company’s stock valued at $6,053,000 after purchasing an additional 2,925 shares during the last quarter. Arbor Trust Wealth Advisors LLC raised its holdings in shares of American Express by 7.2% during the first quarter. Arbor Trust Wealth Advisors LLC now owns 1,947 shares of the payment services company’s stock worth $589,000 after purchasing an additional 130 shares during the period. Finally, Marino Stram & Associates LLC raised its holdings in shares of American Express by 1.9% during the first quarter. Marino Stram & Associates LLC now owns 2,630 shares of the payment services company’s stock worth $796,000 after purchasing an additional 48 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Key Stories Impacting American Express

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, implying meaningful upside from current levels, even while keeping a neutral stance. Benzinga report on UBS target hike
• Positive Sentiment: Barclays lifted its target to $364 from $322, reflecting improved expectations for AXP and signaling continued analyst confidence in the stock. Benzinga report on Barclays target hike
• Positive Sentiment: Other commentary highlighted solid spending growth, rising revenue, and expanding digital capabilities, suggesting American Express is still executing well operationally. Yahoo Finance article on American Express fundamentals
• Positive Sentiment: Several articles pointed to options-market activity that could indicate traders are positioning for a larger move in AXP, which may be supportive if sentiment turns positive. Yahoo Finance options market article
• Neutral Sentiment: TD Cowen also nudged its target higher to $338, but kept a hold rating, reinforcing a broadly cautious-but-not-bearish Street view. Benzinga report on TD Cowen target hike
• Negative Sentiment: Shares fell more than the broader market in the latest session, indicating investors are taking profits or rotating out despite the supportive analyst updates. Zacks market move article
• Negative Sentiment: Costco’s reported credit-card change could be a reminder of competitive and partnership risks in the card ecosystem, though the direct impact on American Express is unclear. TheStreet Costco credit card change article

Analyst Ratings Changes

AXP has been the topic of a number of recent research reports. Piper Sandler began coverage on shares of American Express in a research report on Monday, June 29th. They issued an “overweight” rating and a $396.00 price target on the stock. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research report on Friday, April 10th. Loop Capital initiated coverage on shares of American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. UBS Group raised their target price on shares of American Express from $340.00 to $386.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, American Express has an average rating of “Hold” and a consensus price target of $368.50.

American Express Stock Performance

AXP stock opened at $336.29 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 stock has a market capitalization of $229.46 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.44 and a beta of 1.04. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. The stock’s fifty day moving average is $324.31 and its two-hundred day moving average is $332.29.

American Express (NYSE:AXP) last released 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 business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the firm earned $3.64 earnings per share. The company’s quarterly revenue 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, research analysts predict that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

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