UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in American Express Company $AXP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in American Express Company (NYSE:AXP) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,053,409 shares of the payment services company’s stock after selling 193,996 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Express were worth $1,709,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. boosted its stake in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Sfam LLC purchased a new position in shares of American Express in the 4th quarter valued at about $26,000. Archer Investment Corp acquired a new position in American Express in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express in the 4th quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC purchased a new position in American Express during the fourth quarter worth approximately $29,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXP has been the topic of several research analyst reports. UBS Group dropped their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. HSBC upped their target price on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target for the company in a report on Thursday, June 18th. Finally, Barclays upped their price objective on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Express has an average rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Price Performance

Shares of American Express stock opened at $333.64 on Friday. The stock has a market capitalization of $225.31 billion, a P/E ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04. The business has a 50 day simple moving average of $342.85 and a two-hundred day simple moving average of $326.18. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the company posted $4.08 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is 23.06%.

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.