Griffin Asset Management Inc. Decreases Position in American Express Company $AXP

Griffin Asset Management Inc. cut its holdings in American Express Company (NYSE:AXP) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,017 shares of the payment services company’s stock after selling 1,856 shares during the period. American Express makes up 1.4% of Griffin Asset Management Inc.’s portfolio, making the stock its 25th largest position. Griffin Asset Management Inc.’s holdings in American Express were worth $12,104,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AXP. Beacon Financial Group grew its stake in shares of American Express by 1.6% during the first quarter. Beacon Financial Group now owns 6,783 shares of the payment services company’s stock valued at $2,052,000 after buying an additional 106 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of American Express by 8.8% in the first quarter. Kestra Advisory Services LLC now owns 75,182 shares of the payment services company’s stock worth $22,741,000 after buying an additional 6,054 shares during the period. Money Concepts Capital Corp lifted its stake in shares of American Express by 3.0% in the 1st quarter. Money Concepts Capital Corp now owns 3,191 shares of the payment services company’s stock valued at $965,000 after acquiring an additional 93 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of American Express by 1.4% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 174,364 shares of the payment services company’s stock valued at $52,576,000 after acquiring an additional 2,339 shares during the last quarter. Finally, Griffith & Werner Inc. boosted its holdings in American Express by 15.5% during the 1st quarter. Griffith & Werner Inc. now owns 5,879 shares of the payment services company’s stock valued at $1,778,000 after acquiring an additional 787 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Stock Up 3.0%

Shares of NYSE:AXP opened at $346.34 on Friday. American Express Company has a 1 year low of $288.34 and a 1 year high of $387.49. The company has a market cap of $236.32 billion, a PE ratio of 21.61, a P/E/G ratio of 1.39 and a beta of 1.04. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The stock’s 50-day moving average is $324.91 and its 200 day moving average is $332.08.

American Express (NYSE:AXP) last released its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.66 EPS for the current year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

AXP has been the topic of several recent research reports. Truist Financial raised their price target on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Wells Fargo & Company dropped their price objective 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. Morgan Stanley cut their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. UBS Group lifted their target price on shares of American Express from $340.00 to $386.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Piper Sandler assumed coverage on shares of American Express in a report on Monday, June 29th. They set an “overweight” rating and a $396.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Express currently has a consensus rating of “Hold” and an average price target of $368.70.

Key Headlines Impacting American Express

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

• Positive Sentiment: Bank of America raised its price target on American Express to $391 from $387 and kept a buy rating, signaling confidence in further upside from current levels.
• Positive Sentiment: American Express broke ground on its new global headquarters at 2 World Trade Center, a high-profile milestone that highlights long-term investment in the brand and its New York footprint. American Express Breaks Ground on New Headquarters at 2 World Trade Center
• Positive Sentiment: Several recent articles point to solid spending growth, rising revenues, and strong premium-customer positioning, which supports the view that AXP remains a quality long-term financial stock.
• Neutral Sentiment: Market commentary and options-market articles suggest traders are watching for a potential near-term move, but these pieces are more speculative than fundamental.
• Negative Sentiment: AXP was reported to have fallen more than the broader market in the prior session, reflecting some short-term volatility and profit-taking after its recent run-up.

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.