American Express Company $AXP Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its stake in American Express Company (NYSE:AXP) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,476 shares of the payment services company’s stock after selling 3,525 shares during the period. Arizona State Retirement System’s holdings in American Express were worth $49,884,000 at the end of the most recent quarter.

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. Sfam LLC acquired a new stake in American Express during the fourth quarter valued at $26,000. Archer Investment Corp purchased a new position in American Express in the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the fourth quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of American Express in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

Shares of AXP traded down $0.17 during mid-day trading on Tuesday, hitting $325.99. 2,587,083 shares of the company were exchanged, compared to its average volume of 3,224,271. The stock has a market cap of $220.14 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a 50 day moving average of $341.37 and a 200-day moving average of $325.15. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the firm posted $4.08 EPS. American Express’s revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AXP. Royal Bank Of Canada cut American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Truist Financial boosted their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Finally, Barclays upped their target price on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.