Pittenger & Anderson Inc. Increases Stake in American Express Company $AXP

Pittenger & Anderson Inc. grew its stake in American Express Company (NYSE:AXP) by 5.2% during the 1st quarter, HoldingsChannel reports. The firm owned 32,818 shares of the payment services company’s stock after buying an additional 1,625 shares during the quarter. Pittenger & Anderson Inc.’s holdings in American Express were worth $9,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. lifted its stake in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in American Express in the fourth quarter valued at $26,000. Sfam LLC purchased a new position in American Express in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the fourth quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

More American Express News

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

• Positive Sentiment: American Express is expanding AI across payments, including new tools and security features, which could improve customer experience, fraud prevention, and long-term growth prospects. Can AmEx’s AI Investments Unlock the Next Phase of Growth?
• Positive Sentiment: Bank of America raised its price target on AXP to $391 from $387 and kept a buy rating, signaling continued confidence in upside from current levels. American Express price target raised by Bank of America Corporation
• Positive Sentiment: Some recent commentary says the stock may be a bargain after its pullback this year, with upcoming second-quarter earnings viewed as a potential catalyst for a rebound. Is American Express Stock a Bargain?
• Neutral Sentiment: American Express also broke ground on its new global headquarters at 2 World Trade Center, a long-term strategic project that supports brand and operational growth but is not an immediate earnings driver. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Negative Sentiment: Recent articles note AXP has been under pressure this year and fell more sharply than the broader market in the latest session, reminding investors that sentiment is still somewhat fragile ahead of earnings. American Express (AXP) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Evercore set a $380.00 price target on American Express in a research note on Monday, July 6th. Loop Capital began coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. BTIG Research increased their target price on American Express from $285.00 to $324.00 and gave the company a “sell” rating in a research report on Tuesday, June 30th. Finally, Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $368.70.

American Express Price Performance

NYSE:AXP traded up $3.80 during trading hours on Friday, hitting $350.52. 2,791,983 shares of the stock were exchanged, compared to its average volume of 3,064,715. American Express Company has a 52-week low of $288.34 and a 52-week high of $387.49. The firm’s fifty day moving average price is $325.61 and its 200 day moving average price is $332.21. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The company has a market cap of $239.17 billion, a P/E ratio of 21.87, a P/E/G ratio of 1.44 and a beta of 1.04.

American Express (NYSE:AXP) last released its 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. The business had revenue of $14.21 billion for 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%.The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

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

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.