Keybank National Association OH Reduces Stake in American Express Company $AXP

Key Points

• Keybank National Association OH reduced its American Express stake by 11.6% in the first quarter, selling 41,560 shares and ending with 317,701 shares valued at about $96.1 million.
• Analysts remain mixed but generally constructive on AXP: the stock has a Moderate Buy consensus rating with an average price target of $366.95, while recent calls ranged from upgrades to modest target cuts.
• American Express recently beat quarterly EPS expectations and raised its outlook, and it also announced a $0.95 quarterly dividend payable August 10, signaling ongoing shareholder returns.

Keybank National Association OH cut its stake in American Express Company (NYSE:AXP) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 317,701 shares of the payment services company's stock after selling 41,560 shares during the quarter. Keybank National Association OH's holdings in American Express were worth $96,098,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Capital Asset Advisory Services LLC grew its holdings in shares of American Express by 2.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company's stock valued at $465,000 after purchasing an additional 28 shares during the period. Lantz Financial LLC raised its stake in 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. raised its stake in American Express by 0.8% during the fourth quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company's stock worth $1,394,000 after purchasing an additional 29 shares during the period. Central Bank & Trust Co. boosted its holdings in American Express by 1.1% in the 4th 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 grew its stake in shares of American Express by 2.1% in the 4th 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. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

AXP has been the topic of several analyst reports. Barclays reduced 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 report on Friday, April 24th. Truist Financial increased their price objective on American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Royal Bank Of Canada set a $415.00 target price on American Express in a research note on Friday, April 10th. Wells Fargo & Company reduced their target price on American Express from $425.00 to $415.00 and set an "overweight" rating on the stock in a research report on Thursday, April 9th. Finally, Morgan Stanley decreased their price target on American Express from $395.00 to $385.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $366.95.

American Express News Summary

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

• Positive Sentiment: Piper Sandler upgraded American Express (AXP) from neutral to strong-buy, signaling growing analyst confidence in the company’s outlook.
• Positive Sentiment: American Express and Apple Pay launched a “Use Pay with Points” feature, letting card members redeem Membership Rewards points at checkout, which could strengthen customer engagement and boost card usage.
• Positive Sentiment: American Express, Resy, and the National Restaurant Association Educational Foundation launched Restaurant Academy, a new program that supports restaurant operators and reinforces AXP’s merchant relationships.
• Positive Sentiment: Several recent articles highlighted American Express as an undervalued Dow stock and a long-term Buffett holding, reinforcing the view that the stock still has room to run.
• Neutral Sentiment: Wall Street expects American Express to report second-quarter EPS growth in the single digits, suggesting steady but not explosive earnings momentum ahead of the upcoming results.
• Neutral Sentiment: BTIG raised its price target on AXP to $324 from $285, but kept a Sell rating, showing that even some higher target revisions are coming with caution.
• Negative Sentiment: A 247WallSt comparison piece argued Mastercard’s network-fee model offers lower risk and better margin insulation than American Express’s credit-card business, highlighting a potential structural concern for AXP.

American Express Trading Up 1.1%

NYSE AXP opened at $351.66 on Friday. The firm has a 50 day simple moving average of $322.13 and a 200-day simple moving average of $333.14. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express Company has a one year low of $288.34 and a one year high of $387.49. The firm has a market cap of $239.95 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.43 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last announced its earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.27. The firm had revenue of $14.21 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts anticipate that American Express Company will post 17.65 EPS for the current fiscal year.

American Express Announces Dividend

The business 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 dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express's dividend payout ratio is currently 23.71%.

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.

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