Shares of American Express Company (NYSE:AXP) have earned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $372.8421.
AXP has been the topic of a number of analyst reports. HSBC increased their price target on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Weiss Ratings restated a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. Morgan Stanley reduced their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company lowered their price target on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a report on Thursday, April 9th.
View Our Latest Research Report on AXP
American Express Stock Up 0.7%
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the firm earned $4.08 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts expect that American Express will post 17.67 earnings per share for the current fiscal year.
American Express Dividend Announcement
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 dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is 23.06%.
Hedge Funds Weigh In On American Express
Several large investors have recently bought and sold shares of AXP. Evolution Wealth Management Inc. boosted its holdings in shares of American Express by 6,600.0% in 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 acquired a new stake in American Express during the 4th quarter worth $26,000. Sfam LLC purchased a new stake in American Express in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the fourth quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in American Express in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.
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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