American Express Company $AXP Shares Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management nearly doubled its American Express holdings by purchasing 18,629 additional shares, bringing its position to 38,076 shares valued at approximately $12.9 million. Institutional investors and hedge funds collectively own 84.33% of AXP.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $373.32. Recent firms including DZ Bank, Truist Financial, and Bank of America issued buy ratings or raised their price targets.
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company also paid a quarterly dividend of $0.95 per share, equivalent to a 1.1% annualized yield.

Flputnam Investment Management Co. lifted its holdings in shares of American Express Company (NYSE:AXP) by 95.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,076 shares of the payment services company's stock after purchasing an additional 18,629 shares during the quarter. Flputnam Investment Management Co.'s holdings in American Express were worth $12,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in American Express by 24.4% during the fourth quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company's stock worth $1,924,000 after buying an additional 1,273 shares during the period. Sivia Capital Partners LLC raised its stake in shares of American Express by 13.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company's stock valued at $554,000 after acquiring an additional 200 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of American Express in the 2nd quarter worth approximately $428,000. Howland Capital Management LLC lifted its holdings in shares of American Express by 4.2% in the 2nd quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company's stock worth $707,000 after acquiring an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC boosted its position in shares of American Express by 19.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company's stock worth $924,000 after purchasing an additional 481 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AXP. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a report on Monday, July 13th. DZ Bank upgraded American Express from a "hold" rating to a "buy" rating and set a $375.00 price target for the company in a research report on Thursday, June 18th. Truist Financial raised their price target on American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. TD Cowen lifted their price objective on American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research note on Tuesday, July 7th. Finally, Bank of America boosted their price objective on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a report on Thursday, July 9th. 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $373.32.

American Express Stock Down 0.2%

AXP stock opened at $333.64 on Friday. The company's 50 day moving average price is $342.85 and its 200 day moving average price is $326.18. The firm has a market capitalization of $225.31 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $19.70 billion. During the same quarter in the previous year, the business posted $4.08 EPS. 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. On average, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued 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 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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