American Express Company $AXP Stock Position Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of American Express Company (NYSE:AXP) by 73.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,451,606 shares of the payment services company’s stock after acquiring an additional 616,498 shares during the period. Pictet Asset Management Holding SA’s holdings in American Express were worth $438,975,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AXP. ABN AMRO Bank N.V. lifted its stake in American Express by 1,383.8% in the first quarter. ABN AMRO Bank N.V. now owns 113,810 shares of the payment services company’s stock valued at $34,211,000 after acquiring an additional 106,140 shares during the last quarter. Realta Investment Advisors raised its holdings in shares of American Express by 6.4% during the 1st quarter. Realta Investment Advisors now owns 4,175 shares of the payment services company’s stock valued at $1,263,000 after purchasing an additional 250 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of American Express by 1,540.6% in the 1st quarter. Sterling Capital Management LLC now owns 132,937 shares of the payment services company’s stock valued at $40,211,000 after purchasing an additional 124,834 shares during the last quarter. Beaumont Asset Management L.L.C. boosted its holdings in American Express by 15.3% in the first quarter. Beaumont Asset Management L.L.C. now owns 5,533 shares of the payment services company’s stock worth $1,674,000 after purchasing an additional 735 shares in the last quarter. Finally, Cambient Family Office LLC boosted its holdings in American Express by 5.1% in the first quarter. Cambient Family Office LLC now owns 5,342 shares of the payment services company’s stock worth $1,616,000 after purchasing an additional 259 shares in the last quarter. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AXP shares. Loop Capital started coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price on the stock. Royal Bank Of Canada set a $415.00 target price on American Express in a research note on Friday, April 10th. BTIG Research restated a “sell” rating and issued a $285.00 price objective on shares of American Express in a research note on Tuesday, June 16th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Bank of America upped their target price on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $361.55.

American Express Price Performance

Shares of NYSE:AXP opened at $341.11 on Friday. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The firm has a market capitalization of $232.75 billion, a PE ratio of 21.28, a PEG ratio of 1.40 and a beta of 1.06. The business’s 50 day moving average is $320.91 and its 200-day moving average is $334.24. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73.

American Express (NYSE:AXP) last issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion during the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.64 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is 23.71%.

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.