5,346 Shares in American Express Company $AXP Purchased by Peak Asset Management LLC

Peak Asset Management LLC purchased a new stake in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,346 shares of the payment services company's stock, valued at approximately $1,808,000.

Other hedge funds have also bought and sold shares of the company. Evolution Wealth Management Inc. grew its position in 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 worth $25,000 after purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new position in American Express in the fourth quarter valued at about $26,000. Sfam LLC bought a new stake in shares of American Express during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the fourth quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express during the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AXP shares. Truist Financial raised their price objective on American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research note on Wednesday, June 24th. TD Cowen upped their price target on American Express from $330.00 to $338.00 and gave the stock a "hold" rating in a research note on Tuesday, July 7th. Morgan Stanley reduced their price objective on shares of American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a research report on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a research note on Monday, July 13th. Finally, UBS Group cut their price objective on American Express from $386.00 to $384.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Trading Up 0.4%

Shares of AXP opened at $337.38 on Tuesday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The company's fifty day simple moving average is $343.23 and its 200-day simple moving average is $326.56. The company has a market cap of $227.84 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 company had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the company posted $4.08 EPS. The firm's revenue for the quarter 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, analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express's dividend payout ratio (DPR) is currently 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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