IFM Investors Pty Ltd Purchases 2,620 Shares of American Express Company $AXP

IFM Investors Pty Ltd boosted its position in shares of American Express Company (NYSE:AXP) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,288 shares of the payment services company’s stock after acquiring an additional 2,620 shares during the period. IFM Investors Pty Ltd’s holdings in American Express were worth $33,360,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AXP. Rexford Capital Inc. increased its stake in shares of American Express by 1.2% in the first quarter. Rexford Capital Inc. now owns 3,407 shares of the payment services company’s stock worth $1,031,000 after purchasing an additional 40 shares during the period. Severin Investments LLC bought a new stake in American Express during the 1st quarter valued at approximately $471,000. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in American Express by 1.5% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 10,550 shares of the payment services company’s stock valued at $3,191,000 after purchasing an additional 160 shares during the period. Walker Asset Management LLC grew its holdings in American Express by 4.2% in the 1st quarter. Walker Asset Management LLC now owns 1,567 shares of the payment services company’s stock valued at $474,000 after buying an additional 63 shares during the last quarter. Finally, Key Financial Inc increased its position in American Express by 8.4% in the 1st quarter. Key Financial Inc now owns 1,352 shares of the payment services company’s stock worth $409,000 after buying an additional 105 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXP has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. BTIG Research boosted their target price on shares of American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a research report on Tuesday. Barclays cut their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Royal Bank Of Canada set a $415.00 price target on shares of American Express in a research report on Friday, April 10th. Finally, Weiss Ratings downgraded shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Express presently has a consensus rating of “Hold” and an average price target of $365.05.

More American Express News

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

• Positive Sentiment: American Express announced that U.S. card members can now redeem Membership Rewards points directly in Apple Pay checkout, expanding everyday points usage and potentially improving cardholder loyalty and spend. Amex and Apple Pay Enable Users to Pay With Points
• Positive Sentiment: Analysts and market commentary highlighted American Express as a stock worth watching, with bullish write-ups citing resilient lending programs and the company’s credit performance metrics as signs of stable asset quality. Resilient Lending Programs Assert American Express Company (AXP) as a Stock to Buy for Good Returns
• Neutral Sentiment: BTIG raised its price target on American Express but kept a sell rating, signaling mixed analyst sentiment rather than a clear bullish catalyst. American Express price target raised by BTIG Research
• Neutral Sentiment: American Express is also building a stablecoin and blockchain partnerships team, which suggests long-term innovation efforts but is too early to have a clear near-term earnings impact. American Express Builds a Stablecoin Team With VP Role Paying Up to $282,000

American Express Price Performance

Shares of NYSE:AXP opened at $338.15 on Wednesday. The firm has a market capitalization of $230.73 billion, a PE ratio of 21.09, a PEG ratio of 1.41 and a beta of 1.06. 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 Company has a 1-year low of $288.34 and a 1-year high of $387.49. The business’s 50 day moving average is $321.34 and its 200-day moving average is $333.62.

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 disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be paid 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 currently 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.