Fisher Funds Management LTD Acquires 48,121 Shares of American Express Company $AXP

Key Points

• Fisher Funds Management increased its American Express stake by 132.7% in Q1, adding 48,121 shares and bringing its total to 84,377 shares valued at about $25.5 million.
• American Express has seen mixed but mostly supportive news flow, including a multiyear payments deal with the NFL and a DZ Bank upgrade to buy with a $375 price target.
• The company recently reported Q1 EPS of $4.28, topping estimates, and also announced a quarterly dividend of $0.95 per share payable on August 10, for a 1.1% yield.

Fisher Funds Management LTD boosted its holdings in shares of American Express Company (NYSE:AXP) by 132.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 84,377 shares of the payment services company's stock after acquiring an additional 48,121 shares during the period. Fisher Funds Management LTD's holdings in American Express were worth $25,520,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Asset Advisory Services LLC boosted its position in shares of American Express by 2.4% in the 4th quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company's stock worth $465,000 after purchasing an additional 28 shares during the last quarter. Lantz Financial LLC grew its stake in shares of American Express by 3.6% during the fourth quarter. Lantz Financial LLC now owns 808 shares of the payment services company's stock worth $299,000 after purchasing an additional 28 shares during the period. Financial Management Network Inc. increased its holdings in American Express by 0.8% in the fourth quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company's stock valued at $1,394,000 after purchasing an additional 29 shares during the last quarter. Central Bank & Trust Co. increased its holdings in American Express by 1.1% in the fourth quarter. Central Bank & Trust Co. now owns 2,620 shares of the payment services company's stock valued at $969,000 after purchasing an additional 29 shares during the last quarter. Finally, Burns J W & Co. Inc. NY lifted its stake in American Express by 2.1% in the fourth quarter. Burns J W & Co. Inc. NY now owns 1,400 shares of the payment services company's stock valued at $518,000 after buying an additional 29 shares during the period. Institutional investors own 84.33% of the company's stock.

More American Express News

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?

American Express Stock Performance

Shares of American Express stock opened at $338.86 on Monday. The stock's fifty day simple moving average is $319.14 and its 200 day simple moving average is $334.98. 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 company has a market capitalization of $231.22 billion, a PE ratio of 21.14, a PEG ratio of 1.39 and a beta of 1.06. American Express Company has a 12 month low of $288.34 and a 12 month high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $18.60 billion. During the same period in the previous year, the firm earned $3.64 earnings per share. The company's 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. On average, research analysts predict that American Express Company will post 17.64 EPS for the current year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express's payout ratio is 23.71%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AXP shares. JPMorgan Chase & Co. reduced their target price on American Express from $375.00 to $325.00 and set a "neutral" rating on the stock in a report on Thursday, April 9th. Weiss Ratings cut American Express from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 15th. Truist Financial cut their price target on shares of American Express from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 23rd. Evercore set a $345.00 price objective on shares of American Express in a research note on Wednesday, April 29th. Finally, Freedom Capital upgraded shares of American Express from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $360.80.

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.

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