Castleark Management LLC Acquires New Position in American Express Company $AXP

Castleark Management LLC bought a new position in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,295 shares of the payment services company's stock, valued at approximately $9,233,000.

Other hedge funds have also recently bought and sold shares of the company. Evolution Wealth Management Inc. increased 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 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 worth about $26,000. Sfam LLC bought a new stake in shares of American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the 4th quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of American Express during the third quarter valued at $28,000. 84.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lowered American Express from a "moderate buy" rating to a "hold" rating in a report on Monday, July 13th. UBS Group dropped their price target on shares of American Express from $386.00 to $384.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. TD Cowen raised 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. Morgan Stanley decreased their price target on shares of American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. raised shares of American Express from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Express currently has an average rating of "Moderate Buy" and an average target price of $373.32.

American Express Price Performance

American Express stock opened at $336.14 on Wednesday. The business's fifty day moving average is $343.13 and its two-hundred day moving average is $326.44. 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 market cap of $227.00 billion, a P/E ratio of 20.40, a P/E/G ratio of 1.37 and a beta of 1.04. 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 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 net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the prior year, the firm earned $4.08 EPS. The company'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. Equities research analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal 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 issued a $0.95 dividend. The ex-dividend date of this dividend 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 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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