Contravisory Investment Management Inc. Decreases Stake in American Express Company $AXP

Key Points

• Contravisory Investment Management cut its American Express stake by 98.9% in the second quarter, selling 27,675 shares and retaining 300 shares worth approximately $101,000.
• American Express reported quarterly EPS of $4.53, exceeding estimates by $0.12, while revenue rose 10% year over year. The company issued FY 2026 EPS guidance of $17.30–$17.90 and declared a quarterly dividend of $0.95.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $372.84, compared with the stock’s opening price of $338.54.

Contravisory Investment Management Inc. lessened its position in shares of American Express Company (NYSE:AXP - Free Report) by 98.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300 shares of the payment services company's stock after selling 27,675 shares during the period. Contravisory Investment Management Inc.'s holdings in American Express were worth $101,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Evolution Wealth Management Inc. lifted its holdings in 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 worth $25,000 after buying an additional 66 shares during the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express during the 4th quarter worth about $26,000. Sfam LLC purchased a new stake in American Express during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in American Express in the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express in the third quarter valued at approximately $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Down 0.7%

AXP stock opened at $338.54 on Tuesday. The company has a market cap of $228.62 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The company has a fifty day moving average price of $338.61 and a 200 day moving average price of $327.91. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. American Express Company has a 12 month low of $290.97 and a 12 month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express's revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current 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 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express's payout ratio is 23.06%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research analyst reports. Weiss Ratings reissued a "hold (c+)" rating on shares of American Express in a report on Monday, July 13th. The Goldman Sachs Group increased their target price on shares of American Express from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, April 28th. UBS Group cut 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. Guggenheim started coverage on shares of American Express in a research report on Monday, July 13th. They issued a "buy" rating for the company. Finally, Loop Capital initiated coverage on shares of American Express in a research note on Thursday, May 21st. They issued a "buy" rating and a $389.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

American Express 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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