J. L. Bainbridge & Co. Inc. Trims Stock Holdings in American Express Company $AXP

J. L. Bainbridge & Co. Inc. lowered its position in shares of American Express Company (NYSE:AXP) by 33.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 60,220 shares of the payment services company’s stock after selling 30,177 shares during the quarter. American Express comprises about 1.6% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 21st largest position. J. L. Bainbridge & Co. Inc.’s holdings in American Express were worth $18,215,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AXP. Evolution Wealth Management Inc. raised its stake in shares of 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 worth $25,000 after purchasing an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in American Express during the 4th quarter worth approximately $26,000. Sfam LLC acquired a new stake in American Express during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express during the 4th quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of American Express in the 4th quarter valued at $29,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE AXP opened at $341.11 on Friday. The stock has a market capitalization of $232.75 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 1.40 and a beta of 1.06. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The firm’s 50 day simple moving average is $320.91 and its 200-day simple moving average is $334.24. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56.

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

American Express Dividend Announcement

The company also recently disclosed 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 is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express’s dividend payout ratio is 23.71%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AXP shares. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price for the company in a research report on Thursday, June 18th. Morgan Stanley lowered their price target 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. Weiss Ratings downgraded American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Finally, Truist Financial lifted their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $361.55.

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.