Visionary Wealth Advisors acquired a new stake in shares of American Express Company (NYSE:AXP – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,137 shares of the payment services company’s stock, valued at approximately $723,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Cullen Capital Management LLC purchased a new stake in shares of American Express during the second quarter worth approximately $5,045,000. Dearborn Partners LLC purchased a new position in American Express in the 2nd quarter valued at $260,000. Investor s Fiduciary Advisor Network LLC purchased a new position in American Express in the 2nd quarter valued at $489,000. Ally Financial Inc. acquired a new position in American Express in the 2nd quarter valued at $2,368,000. Finally, Cibc World Market Inc. acquired a new position in American Express in the 2nd quarter valued at $33,058,000. 84.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on AXP shares. Bank of America raised their target price on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Evercore set a $370.00 price target on shares of American Express in a research note on Monday, July 27th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. UBS Group reduced their price objective on shares of American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Finally, Barclays lifted their price objective on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $373.32.
American Express Stock Up 0.4%
Shares of NYSE AXP opened at $337.38 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The firm has a 50-day moving average price of $343.23 and a 200 day moving average price of $326.56. The stock has a market capitalization of $227.84 billion, a price-to-earnings ratio of 20.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04.
American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the previous year, the firm earned $4.08 earnings per share. The firm’s 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. Equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.
American Express Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is 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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