Howe & Rusling Inc. Acquires 1,576 Shares of American Express Company $AXP

Howe & Rusling Inc. grew its holdings in shares of American Express Company (NYSE:AXP) by 97.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,191 shares of the payment services company’s stock after buying an additional 1,576 shares during the period. Howe & Rusling Inc.’s holdings in American Express were worth $1,181,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. State Street Corp boosted its holdings in shares of American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after buying an additional 369,967 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after purchasing an additional 141,936 shares during the last quarter. Capital World Investors raised its position in shares of 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 worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Norges Bank purchased a new position in shares of American Express in the 4th quarter worth about $2,464,215,000. Finally, Nuveen LLC raised its position in shares of American Express by 6.0% in the 4th quarter. Nuveen LLC now owns 5,172,484 shares of the payment services company’s stock worth $1,913,560,000 after purchasing an additional 293,107 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

More 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.

American Express Price Performance

Shares of NYSE:AXP opened at $341.06 on Wednesday. American Express Company has a fifty-two week low of $288.34 and a fifty-two week high of $387.49. The business has a 50-day simple moving average of $317.35 and a two-hundred day simple moving average of $335.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. The firm has a market cap of $232.72 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business 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 firm earned $3.64 EPS. American Express’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. On average, analysts expect that American Express Company will post 17.59 earnings per share for the current year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given a $0.95 dividend. 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 1.1%. American Express’s payout ratio is 23.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AXP shares. BTIG Research reaffirmed a “sell” rating and issued a $285.00 price target on shares of American Express in a research report on Tuesday. Evercore set a $345.00 price target on American Express in a research report on Wednesday, April 29th. Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Loop Capital started coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target for the company. Finally, Barclays lowered their price target on 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. 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 given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $359.05.

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.