Ceera Investments LLC Sells 2,209 Shares of American Express Company $AXP

Ceera Investments LLC reduced its stake in American Express Company (NYSE:AXP) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,278 shares of the payment services company’s stock after selling 2,209 shares during the period. American Express accounts for approximately 2.8% of Ceera Investments LLC’s investment portfolio, making the stock its 6th biggest position. Ceera Investments LLC’s holdings in American Express were worth $6,436,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AXP. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express during the 4th quarter worth approximately $26,000. Sfam LLC bought a new stake in American Express in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express in the 4th quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in American Express during the 4th quarter worth $29,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Trending Headlines about American Express

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

• Neutral Sentiment: Jefferies reiterated its Hold rating on American Express, signaling a wait-and-see stance rather than a more bullish upgrade. Jefferies Sticks to Their Hold Rating for American Express (AXP)
• Neutral Sentiment: Barclays also kept a Hold rating on AXP, reinforcing the view that analysts are not seeing an immediate upside catalyst. Barclays Keeps Their Hold Rating on American Express (AXP)
• Neutral Sentiment: Zacks-related coverage noted that American Express has been attracting trading attention, but the article does not point to a fresh operational update or earnings surprise. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Another Zacks piece similarly frames AXP as a trending stock without adding a new fundamental driver. Here is What to Know Beyond Why American Express Company (AXP) is a Trending Stock
• Neutral Sentiment: Coverage ahead of earnings highlighted that American Express was expected to report results soon, but the item itself did not provide a new beat/miss or guidance update. American Express (AXP) Projected to Release Earnings on Friday

American Express Stock Down 1.7%

AXP stock opened at $355.44 on Friday. American Express Company has a 52 week low of $288.34 and a 52 week high of $387.49. The business has a 50-day simple moving average of $329.39 and a 200 day simple moving average of $331.33. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. The company has a market cap of $242.53 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.46 and a beta of 1.04.

American Express (NYSE:AXP) last announced 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. 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 for the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the prior year, the company posted $3.64 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.66 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.71%.

Analyst Ratings Changes

AXP has been the subject of a number of recent research reports. TD Cowen boosted their target price on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday. UBS Group increased their target price on shares of American Express from $340.00 to $386.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Finally, Barclays raised their target price on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, American Express currently has an average rating of “Moderate Buy” and a consensus target price of $374.15.

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.