Barrow Hanley Mewhinney & Strauss LLC Buys New Position in American Express Company $AXP

Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 979,195 shares of the payment services company's stock, valued at approximately $331,213,000. Barrow Hanley Mewhinney & Strauss LLC owned 0.14% of American Express at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AXP. Evolution Wealth Management Inc. lifted its position 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 valued at $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management bought a new stake in American Express in the fourth quarter valued at $26,000. Sfam LLC bought a new stake in American Express in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express during the fourth quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the third quarter valued at about $28,000. 84.33% of the stock is currently owned by institutional investors.

American Express Price Performance

Shares of NYSE AXP opened at $336.00 on Monday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The stock has a market cap of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.36 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's 50-day simple moving average is $343.19 and its 200 day simple moving average is $326.65.

American Express (NYSE:AXP - Get Free Report) last issued 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 return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the company posted $4.08 EPS. The company'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, research analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express's dividend payout ratio is presently 23.06%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AXP shares. Bank of America raised their target price on American Express from $387.00 to $391.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Jefferies Financial Group upgraded American Express from a "hold" rating to a "buy" rating in a report on Monday, July 13th. Weiss Ratings reissued a "hold (c+)" rating on shares of American Express in a research note on Monday, July 13th. DZ Bank upgraded American Express from a "hold" rating to a "buy" rating and set a $375.00 price objective for the company in a report on Thursday, June 18th. Finally, Guggenheim assumed coverage on American Express in a research report on Monday, July 13th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Express currently has an average rating of "Moderate Buy" and an average price target of $373.32.

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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