State Street Corp Purchases 369,967 Shares of American Express Company $AXP

State Street Corp boosted its stake in American Express Company (NYSE:AXP) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,464,868 shares of the payment services company’s stock after buying an additional 369,967 shares during the period. State Street Corp’s holdings in American Express were worth $10,900,528,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AXP. Norges Bank acquired a new stake in American Express in the 4th quarter valued at $2,464,215,000. Capital World Investors boosted its stake in American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after buying an additional 2,393,340 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in American Express by 27.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,970,416 shares of the payment services company’s stock valued at $1,310,515,000 after buying an additional 845,283 shares in the last quarter. Amundi boosted its stake in American Express by 23.9% in the 3rd quarter. Amundi now owns 2,787,580 shares of the payment services company’s stock valued at $925,449,000 after buying an additional 537,205 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in American Express in the 3rd quarter valued at $153,292,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Up 2.2%

Shares of NYSE:AXP opened at $325.37 on Friday. American Express Company has a 12 month low of $286.15 and a 12 month high of $387.49. The company’s 50-day moving average price is $315.83 and its two-hundred day moving average price is $335.98. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The firm has a market cap of $222.01 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.30 and a beta of 1.06.

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 analysts’ consensus estimates of $4.01 by $0.27. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. During the same quarter in the prior year, the firm earned $3.64 EPS. The company’s revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, research analysts forecast that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Announces Dividend

The business 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 dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. American Express’s dividend payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AXP. Loop Capital began coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. Morgan Stanley decreased 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. Bank of America boosted their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Royal Bank Of Canada set a $415.00 price target on American Express in a research note on Friday, April 10th. Finally, The Goldman Sachs Group boosted their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Express presently has a consensus rating of “Hold” and a consensus target price of $359.05.

Trending Headlines about American Express

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

• Positive Sentiment: American Express and Delta Air Lines rolled out refreshed SkyMiles card benefits, updated card designs, and new welcome offers for card members, which could help support cardholder growth and spending. American Express Company (AXP) and Delta Refresh SkyMiles Card Benefits
• Positive Sentiment: CNBC’s “Final Trades” highlighted American Express as a top pick, which can add investor attention and reinforce confidence in the stock. American Express, Live Nation And A Health Care Stock: CNBC’s ‘Final Trades’
• Neutral Sentiment: Several recent writeups note that analysts remain cautious on American Express, with consensus ratings around “Hold,” suggesting the market may be waiting for clearer evidence of earnings momentum. American Express Company (NYSE:AXP) Given Consensus Rating of “Hold” by Analysts
• Neutral Sentiment: Coverage also pointed to a cautious post-earnings tone, indicating investors are still assessing whether American Express can sustain growth after its recent results. American Express Draws Cautious Market Attention After Results
• Neutral Sentiment: News that American Express will break ground next month on its tower at Two World Trade Center is strategically important, but it is unlikely to be a near-term stock driver. American Express to break ground on tower next month at Two World Trade Center — major milestone for tragic site

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.