Palumbo Wealth Management LLC Takes Position in American Express Company $AXP

Palumbo Wealth Management LLC bought a new stake in shares of American Express Company (NYSE:AXP) in the 4th quarter, HoldingsChannel reports. The fund bought 1,706 shares of the payment services company’s stock, valued at approximately $631,000.

Several other large investors have also recently made changes to their positions in AXP. Valley Wealth Managers Inc. increased its position in shares of American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after purchasing an additional 46 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of American Express during the 3rd quarter valued at $27,000. Guerra Advisors Inc purchased a new stake in shares of American Express during the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the 3rd quarter valued at $28,000. Finally, Halbert Hargrove Global Advisors LLC increased its position in shares of American Express by 210.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 87 shares of the payment services company’s stock valued at $29,000 after purchasing an additional 59 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BTIG Research decreased their target price on American Express from $328.00 to $285.00 and set a “sell” rating for the company in a research report on Monday, March 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $420.00 target price on shares of American Express in a research report on Tuesday, January 6th. TD Cowen reiterated a “hold” rating on shares of American Express in a research note on Thursday, January 8th. 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Express in a research note on Friday, March 27th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Express has a consensus rating of “Hold” and a consensus target price of $350.86.

American Express Stock Up 0.2%

Shares of NYSE AXP opened at $306.35 on Wednesday. American Express Company has a 52 week low of $226.26 and a 52 week high of $387.49. The business has a 50-day simple moving average of $321.30 and a two-hundred day simple moving average of $345.53. The company has a quick ratio of 1.58, a current ratio of 1.59 and a debt-to-equity ratio of 1.68. The company has a market cap of $210.09 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.27 and a beta of 1.13.

American Express (NYSE:AXP) last issued its earnings results on Friday, January 30th. The payment services company reported $3.53 EPS for the quarter, missing the consensus estimate of $3.54 by ($0.01). American Express had a return on equity of 33.49% and a net margin of 15.00%.The company had revenue of ($17,139.00) million during the quarter, compared to the consensus estimate of $18.91 billion. During the same quarter in the prior year, the business earned $3.04 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express Company will post 15.33 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 3rd will be paid a $0.95 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $3.80 annualized dividend and a yield of 1.2%. This is an increase from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is 24.69%.

Key Headlines Impacting American Express

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

• Positive Sentiment: Platinum card refresh is lifting engagement and customer spend, which supports revenue and loyalty even as AmEx invests to upgrade benefits. This underpins hopes for continued spend growth from premium cardholders. AXP Platinum Refresh Article
• Positive Sentiment: New multi‑year partnerships across dining, sports and lifestyle (including NFL and dining deals) are being highlighted by analysts as customer‑engagement drivers that can raise branded spend and card retention. Partnerships & Valuation Article
• Positive Sentiment: Several outlets and analysts (TipRanks, MarketBeat contrarian pieces) view AXP as undervalued after the pullback, arguing the company is widening its moat and that fundamentals (EPS growth, dividend increases) justify a buy for long‑term investors. TipRanks Moat Article
• Neutral Sentiment: Fintech competitor Aspire is expanding into the U.S. market to compete with corporate financial stacks; this adds competitive noise in the commercial/SMB payments space but isn’t an immediate threat to AmEx’s core consumer premium franchise. Aspire US Expansion Article
• Negative Sentiment: Barclays cut its price target to $323 and moved to an “equal weight” rating, signaling reduced upside from peers and tempering near‑term analyst sentiment. That reset is weighing on valuation expectations. Barclays Price Target Cut Article
• Negative Sentiment: Rising benefits and rewards costs tied to the Platinum refresh are pressuring margins; several writeups note stronger spend but tighter profit per dollar of spend, which could compress near‑term margins until yields or pricing adjusts. Zacks Margin Pressure Article

Insider Buying and Selling

In other news, insider Anna Marrs sold 27,425 shares of American Express stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $350.01, for a total transaction of $9,599,024.25. Following the completion of the sale, the insider owned 20,394 shares in the company, valued at approximately $7,138,103.94. This trade represents a 57.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Howard Grosfield sold 8,134 shares of American Express stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $346.73, for a total value of $2,820,301.82. Following the sale, the insider owned 9,433 shares of the company’s stock, valued at approximately $3,270,704.09. This trade represents a 46.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 73,944 shares of company stock worth $26,114,366 in the last 90 days. 0.20% of the stock is owned by company insiders.

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.