Calamos Wealth Management LLC Sells 7,822 Shares of American Express Company $AXP

Calamos Wealth Management LLC trimmed its position in shares of American Express Company (NYSE:AXP) by 12.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,611 shares of the payment services company’s stock after selling 7,822 shares during the quarter. Calamos Wealth Management LLC’s holdings in American Express were worth $16,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in AXP. Norges Bank bought a new stake in American Express in the 4th quarter worth about $2,464,215,000. Capital World Investors lifted its position in shares of American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after buying an additional 2,393,340 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of American Express by 73.8% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company’s stock worth $438,975,000 after buying an additional 616,498 shares during the last quarter. Bank of America Corp DE increased its position in shares of American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after acquiring an additional 558,533 shares during the last quarter. Finally, Amundi increased its position in shares of American Express by 23.9% during the third quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after acquiring an additional 537,205 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Up 1.0%

NYSE:AXP opened at $354.26 on Tuesday. The company has a market cap of $241.72 billion, a P/E ratio of 22.10, a P/E/G ratio of 1.41 and a beta of 1.04. The stock’s fifty day moving average price is $326.23 and its two-hundred day moving average price is $331.67. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.

American Express (NYSE:AXP) last announced its quarterly 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. American Express had a return on equity of 33.95% and a net margin of 15.13%.The company had revenue of $14.21 billion during 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. The firm’s quarterly revenue 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. As a group, analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio is currently 23.71%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company cut their price objective on American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Piper Sandler downgraded shares of American Express from an “overweight” rating to a “neutral” rating in a report on Monday. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Guggenheim started coverage on shares of American Express in a research report on Monday. They issued a “buy” rating on the stock. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Express presently has an average rating of “Moderate Buy” and a consensus price target of $374.15.

Trending Headlines about American Express

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

• Positive Sentiment: JPMorgan upgraded American Express to overweight and raised its price target to $400, signaling confidence in further upside. Benzinga report
• Positive Sentiment: JPMorgan said American Express should better withstand Middle East conflict-related fallout than rivals because its cardholders skew more affluent and defensive. Yahoo Finance article
• Positive Sentiment: Evercore ISI also raised its price target on AXP to $380 from $345, reinforcing expectations for solid near-term trends. Yahoo Finance article
• Positive Sentiment: RBC Capital reaffirmed its buy rating on American Express, adding to the broader positive analyst sentiment. The Globe and Mail article
• Neutral Sentiment: Coverage pieces highlighted AXP as a stock to watch and discussed whether its momentum can continue, but did not introduce a new fundamental catalyst. Seeking Alpha article
• Neutral Sentiment: American Express also drew attention from a note saying it remains a buy despite its valuation, which supports sentiment but underscores the stock is not cheap. CNBC article

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.