Investment Management Corp of Ontario Buys 18,737 Shares of American Express Company $AXP

Investment Management Corp of Ontario grew its stake in shares of American Express Company (NYSE:AXP) by 64.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,990 shares of the payment services company’s stock after acquiring an additional 18,737 shares during the period. Investment Management Corp of Ontario’s holdings in American Express were worth $17,754,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AXP. Evolution Wealth Management Inc. raised its holdings in shares of American Express by 6,600.0% in the fourth 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 in the last quarter. Joseph Group Capital Management bought a new position in American Express in the fourth quarter worth approximately $26,000. Sfam LLC bought a new position in American Express in the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in American Express in the third quarter worth approximately $28,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in American Express in the fourth quarter worth approximately $28,000. 84.33% of the stock is currently owned by institutional investors.

American Express Stock Performance

Shares of AXP stock opened at $340.25 on Thursday. The business’s fifty day simple moving average is $318.05 and its 200-day simple moving average is $335.33. The company has a market cap of $232.16 billion, a PE ratio of 21.23, a PEG ratio of 1.38 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. American Express Company has a 12-month low of $288.34 and a 12-month high of $387.49.

American Express (NYSE:AXP) last issued its quarterly earnings results 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 return on equity of 33.95% and a net margin of 15.13%.The business had revenue of $14.22 billion for the quarter, compared to the consensus estimate of $18.60 billion. During the same period in the prior year, the firm posted $3.64 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.6 earnings per share for the current fiscal year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AXP shares. Wells Fargo & Company reduced their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Truist Financial reduced their price objective on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. BTIG Research reissued a “sell” rating and issued a $285.00 price objective on shares of American Express in a research note on Tuesday. Bank of America boosted their target price on shares of American Express from $381.00 to $387.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada set a $415.00 target price on shares of American Express in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $359.05.

Key American Express News

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

• Positive Sentiment: American Express agreed to buy Tripadvisor’s TheFork platform for about $700 million in cash, expanding its European dining network and potentially making its premium card offerings more attractive to customers. TheFork Joins AmEx’s Growing Global Dining Network in $700M Deal
• Positive Sentiment: Several reports noted that the TheFork deal could be viewed as value-creating and supportive of American Express’s long-term growth strategy, reinforcing its push into dining and experiences. TheFork Joins AmEx’s Growing Global Dining Network in $700M Deal
• Neutral Sentiment: Analyst commentary remains mixed, with some firms highlighting American Express as an attractive value/growth name while others continue to recommend caution, creating an uneven sentiment backdrop for the shares. Analysts Have Conflicting Sentiments on These Financial Companies: Progressive (PGR) and American Express (AXP)
• Neutral Sentiment: BTIG reiterated a sell rating and a $285 price target, which suggests some downside risk and may temper enthusiasm around the recent gains. Benzinga report on BTIG rating

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.