American Express Company $AXP Holdings Decreased by Sustainable Growth Advisers LP

Sustainable Growth Advisers LP cut its holdings in American Express Company (NYSE:AXP) by 23.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 617,890 shares of the payment services company’s stock after selling 191,137 shares during the quarter. American Express comprises about 1.6% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 24th biggest holding. Sustainable Growth Advisers LP owned 0.09% of American Express worth $228,588,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trajan Wealth LLC increased its stake in American Express by 30.9% in the 3rd quarter. Trajan Wealth LLC now owns 24,901 shares of the payment services company’s stock worth $8,271,000 after purchasing an additional 5,881 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in American Express by 218.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 8,540 shares of the payment services company’s stock worth $2,837,000 after purchasing an additional 5,860 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. increased its stake in American Express by 11.7% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 82,863 shares of the payment services company’s stock worth $27,524,000 after purchasing an additional 8,651 shares in the last quarter. Parr Mcknight Wealth Management Group LLC increased its stake in American Express by 1,243.9% in the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 13,775 shares of the payment services company’s stock worth $4,576,000 after purchasing an additional 12,750 shares in the last quarter. Finally, Hudson Bay Capital Management LP increased its stake in American Express by 159.5% in the 3rd quarter. Hudson Bay Capital Management LP now owns 31,611 shares of the payment services company’s stock worth $10,500,000 after purchasing an additional 19,429 shares in the last quarter. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AXP shares. Morgan Stanley dropped their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. The Goldman Sachs Group lifted their price target on American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada set a $415.00 price target on American Express in a research note on Friday, April 10th. Finally, Evercore set a $345.00 target price on American Express in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Express has a consensus rating of “Hold” and an average target price of $359.05.

American Express Trading Down 0.8%

Shares of NYSE AXP opened at $313.88 on Tuesday. The stock has a market cap of $214.17 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.29 and a beta of 1.06. The business has a 50 day simple moving average of $313.18 and a 200 day simple moving average of $338.30. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

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

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.