Davis Asset Management L.P. Invests $21.31 Million in American Express Company $AXP

Key Points

• Davis Asset Management initiated a $21.31 million American Express position by purchasing 63,000 shares in the second quarter. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue increased 10% year over year to $19.64 billion. The company guided to fiscal 2026 EPS of $17.30–$17.90.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $373.32 versus the reported share price of $336.00. American Express also pays a quarterly dividend of $0.95, yielding approximately 1.1%.

Davis Asset Management L.P. acquired a new stake in American Express Company (NYSE:AXP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 63,000 shares of the payment services company's stock, valued at approximately $21,310,000.

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

American Express Stock Performance

Shares of NYSE AXP opened at $336.00 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock has a 50 day moving average of $343.19 and a 200-day moving average of $326.83. The company has a market capitalization of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the firm earned $4.08 EPS. The firm'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. As a group, equities research analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AXP. The Goldman Sachs Group raised their target price on shares of American Express from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, April 28th. Piper Sandler upped their price target on shares of American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 12th. Jefferies Financial Group upgraded shares of American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. HSBC lifted their price objective on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a research report on Monday, July 13th. Finally, Benchmark began coverage on shares of American Express in a research note on Monday, July 13th. They set a "buy" rating on the stock. One equities research 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 company. Based on data from MarketBeat.com, American Express presently has an average rating of "Moderate Buy" and an average target price of $373.32.

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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