American Express Company $AXP Stake Lowered by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in shares of American Express Company (NYSE:AXP) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 473,907 shares of the payment services company’s stock after selling 26,166 shares during the period. American Express accounts for 1.2% of Gabelli Funds LLC’s investment portfolio, making the stock its 7th biggest holding. Gabelli Funds LLC’s holdings in American Express were worth $175,322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AXP. Valley Wealth Managers Inc. grew its holdings in shares of American Express by 153.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 46 shares in the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express during the 4th quarter valued at $26,000. Guerra Advisors Inc purchased a new position in shares of American Express during the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the 3rd quarter valued at $28,000. Finally, Torren Management LLC purchased a new position in shares of American Express during the 4th quarter valued at $32,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AXP has been the topic of several research analyst reports. UBS Group restated a “neutral” rating and set a $395.00 price target on shares of American Express in a report on Wednesday, February 4th. Truist Financial lowered their price target on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. Weiss Ratings cut shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. The Goldman Sachs Group upped their price objective on shares of American Express from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Evercore set a $345.00 price objective on shares of American Express in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $357.47.

American Express Trading Up 0.1%

Shares of NYSE:AXP opened at $313.69 on Monday. The stock has a market capitalization of $214.04 billion, a PE ratio of 19.57, a P/E/G ratio of 1.27 and a beta of 1.08. American Express Company has a 1 year low of $281.46 and a 1 year high of $387.49. The firm has a fifty day moving average price of $310.73 and a 200 day moving average price of $342.28. 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 quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s revenue for the quarter 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. Analysts expect that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 3rd were given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. This is a positive change from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio (DPR) is presently 23.71%.

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.