Fifth Third Bancorp Raises Stock Holdings in American Express Company $AXP

Fifth Third Bancorp raised its stake in shares of American Express Company (NYSE:AXP) by 77.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 335,959 shares of the payment services company’s stock after acquiring an additional 146,880 shares during the period. Fifth Third Bancorp’s holdings in American Express were worth $101,621,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AXP. Markel Group Inc. lifted its holdings in shares of American Express by 0.4% during the 1st quarter. Markel Group Inc. now owns 490,450 shares of the payment services company’s stock valued at $148,351,000 after buying an additional 1,950 shares during the period. American Trust purchased a new stake in American Express during the first quarter valued at $204,000. Simplicity Wealth LLC boosted its position in American Express by 16.2% in the first quarter. Simplicity Wealth LLC now owns 2,171 shares of the payment services company’s stock worth $657,000 after purchasing an additional 302 shares during the last quarter. Avid Wealth Partners LLC grew its stake in shares of American Express by 15.3% during the 1st quarter. Avid Wealth Partners LLC now owns 678 shares of the payment services company’s stock valued at $205,000 after purchasing an additional 90 shares during the period. Finally, Conning Inc. grew its stake in shares of American Express by 18.3% during the 1st quarter. Conning Inc. now owns 17,492 shares of the payment services company’s stock valued at $5,291,000 after purchasing an additional 2,701 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of American Express from $340.00 to $386.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. reduced their target price on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, April 9th. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. TD Cowen upped their price objective on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Finally, Morgan Stanley lowered their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $368.70.

Key American Express News

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

• Positive Sentiment: American Express is expanding AI across payments, including new tools and security features, which could improve customer experience, fraud prevention, and long-term growth prospects. Can AmEx’s AI Investments Unlock the Next Phase of Growth?
• Positive Sentiment: Bank of America raised its price target on AXP to $391 from $387 and kept a buy rating, signaling continued confidence in upside from current levels. American Express price target raised by Bank of America Corporation
• Positive Sentiment: Some recent commentary says the stock may be a bargain after its pullback this year, with upcoming second-quarter earnings viewed as a potential catalyst for a rebound. Is American Express Stock a Bargain?
• Neutral Sentiment: American Express also broke ground on its new global headquarters at 2 World Trade Center, a long-term strategic project that supports brand and operational growth but is not an immediate earnings driver. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Negative Sentiment: Recent articles note AXP has been under pressure this year and fell more sharply than the broader market in the latest session, reminding investors that sentiment is still somewhat fragile ahead of earnings. American Express (AXP) Sees a More Significant Dip Than Broader Market: Some Facts to Know

American Express Price Performance

Shares of AXP traded up $3.80 during trading hours on Friday, reaching $350.52. 2,791,983 shares of the stock traded hands, compared to its average volume of 3,064,715. American Express Company has a 52-week low of $288.34 and a 52-week 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. The company has a market cap of $239.17 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. The company’s 50-day moving average price is $325.61 and its two-hundred day moving average price is $332.21.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion for 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%.The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.71%.

American Express 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.