Stanley Capital Management LLC acquired a new stake in American Express Company (NYSE:AXP – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 48,830 shares of the payment services company’s stock, valued at approximately $16,517,000. American Express comprises about 2.2% of Stanley Capital Management LLC’s portfolio, making the stock its 21st biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in AXP. Evolution Wealth Management Inc. grew its position 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 purchasing an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express during the 4th quarter worth approximately $26,000. Sfam LLC bought a new position in American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the fourth quarter valued at approximately $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of American Express in the fourth quarter valued at approximately $29,000. Institutional investors own 84.33% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on AXP. Benchmark started coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. HSBC increased their price objective on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Finally, Morgan Stanley reduced their price target on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.
American Express Stock Performance
NYSE AXP opened at $336.14 on Wednesday. The stock has a market cap of $227.00 billion, a PE ratio of 20.40, a P/E/G ratio of 1.37 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a 50-day moving average of $343.13 and a 200-day moving average of $326.44. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.
American Express (NYSE:AXP – Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts anticipate that American Express Company will post 17.67 EPS for the current year.
American Express Announces Dividend
The company also recently announced 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 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 (DPR) is 23.06%.
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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