Giverny Capital Inc. bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 46,702 shares of the payment services company’s stock, valued at approximately $15,754,000.
Other hedge funds have also recently bought and sold shares of the company. Evolution Wealth Management Inc. raised its stake in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Sfam LLC acquired a new position in American Express during the fourth quarter worth $26,000. Archer Investment Corp bought a new stake in American Express during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express during the fourth quarter worth $28,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in American Express in the fourth quarter valued at $29,000. 84.33% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
AXP has been the topic of several recent analyst reports. TD Cowen boosted their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Truist Financial upped their price objective on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Benchmark initiated coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $373.32.
American Express Stock Performance
Shares of AXP stock opened at $326.11 on Monday. The company has a market capitalization of $220.23 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.39 and a beta of 1.05. 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 company has a 50-day simple moving average of $341.66 and a 200 day simple moving average of $325.28. 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 released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 17.68 earnings per share for the current year.
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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