TD Waterhouse Canada Inc. Sells 11,168 Shares of American Express Company $AXP

TD Waterhouse Canada Inc. cut its stake in shares of American Express Company (NYSE:AXP) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,307 shares of the payment services company’s stock after selling 11,168 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in American Express were worth $127,209,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dover Advisors LLC raised its position in shares of American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after acquiring an additional 29 shares during the last quarter. Invenio Wealth Partners LLC boosted its holdings in American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after acquiring an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC increased its position in American Express by 2.7% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock valued at $421,000 after purchasing an additional 30 shares during the period. Onyx Bridge Wealth Group LLC raised its holdings in American Express by 3.6% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after purchasing an additional 30 shares during the last quarter. Finally, IMG Wealth Management Inc. raised its holdings in American Express by 6.3% during the 4th quarter. IMG Wealth Management Inc. now owns 541 shares of the payment services company’s stock worth $200,000 after purchasing an additional 32 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP stock opened at $329.79 on Friday. The company has a market cap of $222.71 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm has a 50 day moving average of $341.96 and a 200-day moving average of $325.36.

American Express (NYSE:AXP) last released its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AXP shares. Piper Sandler upped their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Benchmark began coverage on shares of American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. HSBC upped their price target on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Finally, DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $373.32.

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.