American Express Company $AXP Position Decreased by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC cut its stake in shares of American Express Company (NYSE:AXP) by 4.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,936 shares of the payment services company’s stock after selling 1,635 shares during the quarter. American Express comprises approximately 1.9% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 7th biggest holding. Ironwood Investment Counsel LLC’s holdings in American Express were worth $13,665,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Wisconsin Capital Management LLC grew its holdings in shares of American Express by 0.4% during the fourth quarter. Wisconsin Capital Management LLC now owns 22,333 shares of the payment services company’s stock valued at $8,262,000 after buying an additional 87 shares during the last quarter. Odyssey Capital Advisors Inc. purchased a new stake in American Express in the fourth quarter valued at $1,180,000. CDM Financial Counseling Services Inc. purchased a new stake in American Express in the fourth quarter valued at $690,000. Mission Wealth Management LP boosted its holdings in American Express by 1.3% in the fourth quarter. Mission Wealth Management LP now owns 10,492 shares of the payment services company’s stock valued at $3,882,000 after purchasing an additional 133 shares during the last quarter. Finally, High Note Wealth LLC boosted its holdings in American Express by 11.0% in the fourth quarter. High Note Wealth LLC now owns 382 shares of the payment services company’s stock valued at $141,000 after purchasing an additional 38 shares during the last quarter. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Up 0.1%

Shares of American Express stock opened at $313.69 on Monday. The firm has a 50-day simple moving average of $310.73 and a two-hundred day simple moving average of $342.28. The company has a market cap of $214.04 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.08. American Express Company has a fifty-two week low of $281.46 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57.

American Express (NYSE:AXP) last issued its quarterly earnings data 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 business had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts predict that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were given a dividend of $0.95 per share. This is a boost from American Express’s previous quarterly dividend of $0.82. The ex-dividend date was Thursday, April 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. American Express’s payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

AXP has been the topic of several recent research reports. Bank of America upped their price target on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday. The Goldman Sachs Group upped their price target on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Wells Fargo & Company lowered their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Morgan Stanley decreased their price objective on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $357.47.

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.