Huntington National Bank Reduces Holdings in American Express Company $AXP

Huntington National Bank trimmed its stake in American Express Company (NYSE:AXP) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,267 shares of the payment services company’s stock after selling 2,673 shares during the period. Huntington National Bank’s holdings in American Express were worth $43,013,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AXP. Brighton Jones LLC boosted its stake in American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the period. Sivia Capital Partners LLC boosted its stake in American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after purchasing an additional 200 shares during the period. Schnieders Capital Management LLC. acquired a new stake in American Express during the 2nd quarter worth $428,000. Howland Capital Management LLC boosted its stake in American Express by 4.2% during the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock worth $707,000 after purchasing an additional 90 shares during the period. Finally, HUB Investment Partners LLC boosted its stake in American Express by 19.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock worth $924,000 after purchasing an additional 481 shares during the period. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 0.6%

AXP stock opened at $312.67 on Thursday. American Express Company has a one year low of $286.15 and a one year high of $387.49. The stock has a market capitalization of $213.34 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. 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 company has a fifty day moving average of $312.07 and a 200-day moving average of $339.44.

American Express (NYSE:AXP) last released its 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 company had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. During the same quarter last year, the business earned $3.64 EPS. The business’s 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. As a group, analysts expect that American Express Company will post 17.59 EPS for the current year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were paid a $0.95 dividend. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s dividend payout ratio (DPR) is 23.71%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AXP. Morgan Stanley decreased their price target on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. UBS Group reiterated a “neutral” rating and set a $395.00 price target on shares of American Express in a research note on Wednesday, February 4th. Bank of America increased their price target on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Truist Financial decreased their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, The Goldman Sachs Group increased their price target on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Express currently has an average rating of “Hold” and an average price target of $359.05.

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.