ABN Amro Investment Solutions Has $15.74 Million Holdings in American Express Company $AXP

ABN Amro Investment Solutions lessened its position in shares of American Express Company (NYSE:AXP) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,045 shares of the payment services company’s stock after selling 2,758 shares during the period. ABN Amro Investment Solutions’ holdings in American Express were worth $15,743,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXP. Brighton Jones LLC lifted its position in American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after buying an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after acquiring an additional 200 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in American Express during the second quarter valued at approximately $428,000. Howland Capital Management LLC boosted its position in American Express by 4.2% during the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after purchasing an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC grew its stake in American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after purchasing an additional 481 shares in the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Down 0.3%

American Express stock opened at $351.01 on Wednesday. The stock has a market cap of $239.50 billion, a P/E ratio of 21.90, a P/E/G ratio of 1.42 and a beta of 1.04. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a twelve month low of $288.34 and a twelve month high of $387.49. The company’s 50-day moving average price is $330.91 and its two-hundred day moving average price is $330.74.

American Express (NYSE:AXPGet Free Report) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The company had revenue of $14.21 billion for 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%.The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend 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 (DPR) is currently 23.71%.

American Express News Summary

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AXP. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Morgan Stanley raised shares of American Express from a “positive” rating to an “overweight” rating in a research report on Monday, July 13th. Bank of America boosted their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Finally, UBS Group raised their target price on shares of American Express from $340.00 to $386.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Express presently has a consensus rating of “Moderate Buy” and an average target price of $374.11.

Get Our Latest Analysis on American Express

About American Express

(Free Report)

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.

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Institutional Ownership by Quarter for American Express (NYSE:AXP)

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