Catalyst Capital Advisors LLC Decreases Position in American Express Company $AXP

Catalyst Capital Advisors LLC trimmed its stake in American Express Company (NYSE:AXP) by 96.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 475 shares of the payment services company’s stock after selling 13,605 shares during the period. Catalyst Capital Advisors LLC’s holdings in American Express were worth $144,000 at the end of the most recent reporting period.

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

American Express Trading Down 1.7%

Shares of AXP opened at $355.44 on Friday. American Express Company has a 1-year low of $288.34 and a 1-year high of $387.49. The company has a 50-day moving average of $329.39 and a 200 day moving average of $331.33. The firm has a market capitalization of $242.52 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.43 and a beta of 1.04. 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 issued its earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.21 billion for 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 for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, research analysts expect that American Express Company will post 17.67 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. Investors of record on Thursday, July 2nd will be paid a $0.95 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio is 23.71%.

Key Stories Impacting 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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AXP. HSBC raised their target price on shares of American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Benchmark assumed coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. BTIG Research increased their price objective on shares of American Express from $285.00 to $324.00 and gave the stock a “sell” rating in a research report on Tuesday, June 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Finally, UBS Group boosted their target price on American Express from $340.00 to $386.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. One 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $374.15.

American Express Company 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.