Pacer Advisors Inc. Sells 4,442 Shares of American Express Company $AXP

Pacer Advisors Inc. decreased its position in American Express Company (NYSE:AXP) by 9.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 42,809 shares of the payment services company’s stock after selling 4,442 shares during the period. Pacer Advisors Inc.’s holdings in American Express were worth $15,837,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. grew its holdings in shares of American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new stake in American Express in the 4th quarter valued at approximately $26,000. Sfam LLC bought a new stake in American Express in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express during the 3rd quarter worth approximately $28,000. 84.33% of the stock is currently owned by institutional investors.

Trending Headlines about American Express

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

• Positive Sentiment: American Express signed a multiyear payments deal with the NFL, a move that could strengthen customer loyalty and support its premium card value proposition. American Express Just Signed a Multiyear Payments Deal With the NFL. Here’s the Bigger Play.
• Positive Sentiment: DZ Bank upgraded American Express from hold to buy and set a $375 price target, signaling confidence in further upside. American Express upgrade by DZ Bank AG
• Positive Sentiment: Technical commentary says AXP is breaking out above resistance, which may be attracting momentum-oriented investors. American Express Stock Is Powering the Financial Sector to a Fresh Breakout
• Neutral Sentiment: Additional articles highlighted investor interest in American Express and asked whether the stock still has upside after a strong multiyear run, but did not provide a clear new catalyst. American Express (AXP) Stock After 5-Year 118% Gain Is There Still Upside Potential
• Neutral Sentiment: Some analysts remain conflicted on AXP, and a comparison piece suggested Mastercard may have more upside, tempering the bullish case somewhat. Mastercard vs. American Express: Which Stock Has More Upside Now?

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Truist Financial reduced their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Barclays lowered their price target on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. reduced their price objective on shares of American Express from $375.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Finally, Loop Capital started coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $360.80.

American Express Trading Up 0.3%

NYSE AXP opened at $338.86 on Friday. The company has a market cap of $231.22 billion, a PE ratio of 21.14, a PEG ratio of 1.39 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. The stock has a 50 day moving average of $319.14 and a 200-day moving average of $335.16.

American Express (NYSE:AXP) last released its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.27. The business had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts anticipate that American Express Company will post 17.64 EPS for the current fiscal year.

American Express Announces Dividend

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

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.