American Express Company $AXP Shares Purchased by Notis McConarty Edward

Notis McConarty Edward boosted its position in American Express Company (NYSE:AXP) by 49.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,944 shares of the payment services company’s stock after purchasing an additional 2,640 shares during the period. American Express comprises approximately 1.4% of Notis McConarty Edward’s holdings, making the stock its 27th largest position. Notis McConarty Edward’s holdings in American Express were worth $2,939,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. lifted its position in American Express by 6,600.0% in the fourth 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. Joseph Group Capital Management acquired a new stake in American Express in the fourth quarter valued at about $26,000. Sfam LLC acquired a new stake in American Express in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express in the fourth quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in American Express in the third quarter valued at about $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

AXP stock opened at $341.06 on Wednesday. The firm has a 50 day moving average of $317.35 and a 200-day moving average of $335.49. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The company has a market cap of $232.72 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.36 and a beta of 1.06.

American Express (NYSE:AXP) last posted its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. During the same period last year, the firm earned $3.64 EPS. The company’s revenue for the quarter 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, equities analysts expect 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. Investors of record on Thursday, July 2nd will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research report on Friday, April 10th. Barclays reduced their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Bank of America lifted their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, BTIG Research reiterated a “sell” rating and set a $285.00 price target on shares of American Express in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Express presently has a consensus rating of “Hold” and a consensus target price of $359.05.

Key American Express News

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

• Positive Sentiment: American Express agreed to buy TheFork for $700 million, adding more than 50,000 European restaurants to its dining network and expanding the company’s premium lifestyle offerings. American Express Expands Dining Ecosystem With TheFork Acquisition From Tripadvisor
• Positive Sentiment: Analysts and market commentary suggest the deal could improve AmEx’s competitive positioning in dining and experiences, which may support customer acquisition and cardholder spending over time. Analysts Offer Insights on Financial Companies: Visa (V) and American Express (AXP)
• Neutral Sentiment: BTIG reaffirmed its sell rating on American Express with a $285 price target, signaling lingering valuation concerns despite the recent stock strength.

About American Express

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.