American Express Company $AXP Shares Acquired by Elefante Mark B

Elefante Mark B grew its position in American Express Company (NYSE:AXP) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,642 shares of the payment services company’s stock after buying an additional 2,134 shares during the quarter. American Express accounts for 1.5% of Elefante Mark B’s holdings, making the stock its 25th largest holding. Elefante Mark B’s holdings in American Express were worth $2,457,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AXP. Brighton Jones LLC grew its stake in shares of American Express by 24.4% in the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after buying an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after buying an additional 200 shares in the last quarter. Schnieders Capital Management LLC. acquired a new stake in shares of American Express in the second quarter valued at $428,000. Howland Capital Management LLC grew its stake in shares of American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after buying an additional 90 shares in the last quarter. Finally, HUB Investment Partners LLC grew its stake in shares of American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after buying an additional 481 shares in the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AXP has been the subject of a number of research reports. 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 objective for the company. Barclays decreased their target price on American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Royal Bank Of Canada set a $415.00 target price on American Express in a report on Friday, April 10th. Morgan Stanley decreased their target price on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Finally, Weiss Ratings lowered American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $359.05.

American Express Trading Up 1.7%

NYSE:AXP opened at $341.06 on Wednesday. The firm has a market cap of $232.72 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06. The stock has a fifty day moving average price of $317.35 and a 200 day moving average price of $335.49. American Express Company has a 12-month low of $288.34 and a 12-month 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.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is 23.71%.

More American Express News

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

• Positive Sentiment: American Express agreed to buy TheFork for $700 million, adding more than 50,000 European restaurants to its dining network and expanding the company’s premium lifestyle offerings. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: Analysts and market commentary suggest the deal could improve AmEx’s competitive positioning in dining and experiences, which may support customer acquisition and cardholder spending over time. Analysts Offer Insights on Financial Companies: Visa (V) and American Express (AXP)
• Neutral Sentiment: BTIG reaffirmed its sell rating on American Express with a $285 price target, signaling lingering valuation concerns despite the recent stock strength.

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.