Osmosis Investment Management UK Ltd purchased a new position in American Express Company (NYSE:AXP – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,262 shares of the payment services company’s stock, valued at approximately $6,177,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. grew its stake in shares of American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock worth $323,000 after purchasing an additional 29 shares during the last quarter. Dover Advisors LLC lifted its stake in American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC boosted its holdings in American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after buying an additional 29 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in American Express by 1.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock worth $1,172,000 after buying an additional 30 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC grew its position in American Express by 2.7% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after buying an additional 30 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on AXP shares. Piper Sandler increased their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. UBS Group decreased their target price on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Bank of America boosted their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley reduced their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $373.32.
American Express Price Performance
AXP stock opened at $336.00 on Monday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company’s 50 day simple moving average is $343.19 and its 200-day simple moving average is $326.65. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market capitalization of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04.
American Express (NYSE:AXP – Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the firm earned $4.08 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current year.
American Express Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a $0.95 dividend. The ex-dividend date was 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 presently 23.06%.
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.
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