American Express Company $AXP is Bowen Hanes & Co. Inc.’s 6th Largest Position

Bowen Hanes & Co. Inc. decreased its stake in shares of American Express Company (NYSE:AXP) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 320,608 shares of the payment services company’s stock after selling 6,311 shares during the quarter. American Express comprises about 3.0% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 6th biggest holding. Bowen Hanes & Co. Inc.’s holdings in American Express were worth $118,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Joseph Group Capital Management purchased a new position in American Express during the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in American Express during the third quarter valued at $28,000. Torren Management LLC purchased a new position in American Express during the fourth quarter valued at $32,000. Entrust Financial LLC purchased a new position in American Express during the fourth quarter valued at $41,000. Finally, Financial Life Planners purchased a new position in shares of American Express in the third quarter worth $43,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $300.90 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. American Express Company has a one year low of $286.15 and a one year high of $387.49. The firm has a market capitalization of $205.31 billion, a P/E ratio of 18.77, a PEG ratio of 1.26 and a beta of 1.06. The business has a fifty day moving average of $313.49 and a 200 day moving average of $337.42.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on AXP. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. decreased their price target on American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Royal Bank Of Canada set a $415.00 price target on American Express in a research note on Friday, April 10th. Morgan Stanley decreased their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Finally, Wells Fargo & Company decreased their price target on American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $359.05.

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.