Clear Harbor Asset Management LLC Invests $1.35 Million in American Express Company $AXP

Key Points

• Clear Harbor Asset Management initiated a $1.35 million position in American Express, purchasing 3,985 shares during the second quarter. Institutional investors collectively own 84.33% of AXP.
• Analyst sentiment is generally positive: American Express has a consensus “Moderate Buy” rating and an average price target of $373.32, despite one “Sell” recommendation.
• American Express exceeded quarterly earnings expectations with EPS of $4.53 versus $4.41 expected, while revenue rose 10% year over year to $19.64 billion. The company also maintains a quarterly dividend of $0.95 per share, yielding approximately 1.1%.

Clear Harbor Asset Management LLC bought a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,985 shares of the payment services company's stock, valued at approximately $1,348,000.

A number of other institutional investors have also recently made changes to their positions in AXP. Evolution Wealth Management Inc. increased its stake in American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management bought a new stake in shares of American Express in the 4th quarter valued at approximately $26,000. Sfam LLC purchased a new position in shares of American Express in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express in the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of American Express during the 3rd quarter valued at approximately $28,000. Institutional investors own 84.33% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AXP. Loop Capital started coverage on American Express in a report on Thursday, May 21st. They set a "buy" rating and a $389.00 price target on the stock. Jefferies Financial Group raised shares of American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. JPMorgan Chase & Co. raised shares of American Express from a "neutral" rating to an "overweight" rating and increased their target price for the company from $328.00 to $400.00 in a research note on Monday, July 13th. BTIG Research reduced their target price on shares of American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a research note on Monday, July 27th. Finally, Truist Financial raised their target price on shares of American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $373.32.

American Express Trading Up 1.5%

Shares of NYSE AXP opened at $336.00 on Friday. 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. The company 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 business's 50 day moving average price is $343.19 and its 200-day moving average price is $326.83.

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 (EPS) for the quarter, beating 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 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 earned $4.08 EPS. American Express's revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

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

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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