BI Asset Management Fondsmaeglerselskab A S Sells 7,514 Shares of American Express Company $AXP

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in American Express Company (NYSE:AXP) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,056 shares of the payment services company’s stock after selling 7,514 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Express were worth $31,097,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AXP. Murphy & Mullick Capital Management Corp increased its stake in shares of American Express by 10.0% in the third quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock valued at $105,000 after buying an additional 28 shares during the period. Capital Asset Advisory Services LLC boosted its holdings in American Express by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock valued at $465,000 after acquiring an additional 28 shares during the last quarter. Lantz Financial LLC boosted its holdings in American Express by 3.6% in the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock valued at $299,000 after acquiring an additional 28 shares during the last quarter. Invenio Wealth Partners LLC boosted its holdings in shares of American Express by 3.9% during the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after buying an additional 29 shares in the last quarter. Finally, Financial Management Network Inc. boosted its holdings in shares of American Express by 0.8% during the 4th quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock worth $1,394,000 after buying an additional 29 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.7%

NYSE AXP opened at $310.48 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a twelve month low of $286.15 and a twelve month high of $387.49. The firm has a market capitalization of $211.85 billion, a PE ratio of 19.37, a P/E/G ratio of 1.27 and a beta of 1.06. The stock’s 50 day moving average is $313.91 and its 200 day moving average is $336.92.

American Express (NYSE:AXP) last released 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 $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same period in the previous year, the company posted $3.64 earnings per share. The firm’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. Research analysts forecast that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is 23.71%.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express announced a quarterly dividend of $0.95 per share, reinforcing its shareholder-return profile. The dividend is payable on August 10 to holders of record on July 2. Article Title
• Positive Sentiment: A broader market rally boosted financial stocks, which can help sentiment around American Express as part of the sector. Article Title
• Neutral Sentiment: One article highlighted Navan’s AI-powered travel and expense platform as a challenger to entrenched providers including American Express, but this is more of a competitive backdrop than a direct near-term catalyst. Article Title
• Neutral Sentiment: Coverage also noted that American Express card spending is growing at its fastest pace in three years, which supports the long-term consumer-spending story, though investors remain focused on whether affluent demand can hold up. Article Title
• Negative Sentiment: Several market recaps emphasized that AXP has been trending lower recently, with shares down year to date and trading below key moving averages, suggesting ongoing valuation and momentum pressure. Article Title

Analyst Ratings Changes

Several brokerages have recently issued reports on AXP. Truist Financial decreased their target price on American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Barclays cut their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Evercore set a $345.00 price target on American Express in a research report on Wednesday, April 29th. Bank of America boosted their target price on American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Loop Capital initiated coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned 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 target price of $359.05.

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.