SEB Asset Management AB Buys Shares of 115,395 American Express Company $AXP

SEB Asset Management AB bought a new stake in shares of American Express Company (NYSE:AXP) in the 1st quarter, Holdings Channel reports. The firm bought 115,395 shares of the payment services company’s stock, valued at approximately $34,905,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Evolution Wealth Management Inc. increased its position 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 in the last quarter. Joseph Group Capital Management purchased a new position in American Express during the fourth quarter valued at $26,000. Sfam LLC bought a new stake in American Express in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express in the fourth quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express in the third quarter worth $28,000. 84.33% of the stock is owned by institutional investors.

Key American Express News

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

Analyst Upgrades and Downgrades

AXP has been the subject of several analyst reports. BTIG Research raised their price target on American Express from $285.00 to $324.00 and gave the company a “sell” rating in a report on Tuesday, June 30th. UBS Group upped their price target on shares of American Express from $340.00 to $386.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. Bank of America raised their price objective on shares of American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Finally, Truist Financial lifted their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $374.15.

American Express Stock Up 0.0%

American Express stock opened at $355.44 on Monday. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49. The stock has a fifty day simple moving average of $329.39 and a two-hundred day simple moving average of $331.02. The company has a current ratio of 1.57, a quick ratio of 1.56 and a debt-to-equity ratio of 1.73. The firm has a market cap of $242.53 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.43 and a beta of 1.04.

American Express (NYSE:AXP) last announced its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share (EPS) for the quarter, beating 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 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 company’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. Equities analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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