Deane Retirement Strategies Inc. Invests $2.73 Million in American Express Company $AXP

Key Points

• Deane Retirement Strategies purchased 8,075 American Express shares worth approximately $2.73 million in the second quarter. Institutional investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, beating estimates by $0.12, while revenue rose 10% year over year. The company reaffirmed fiscal 2026 EPS guidance of $17.30–$17.90.
• The company declared a quarterly dividend of $0.95 per share, equivalent to an annualized $3.80 payout and a 1.1% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $372.84.

Deane Retirement Strategies Inc. purchased a new stake in shares of American Express Company (NYSE:AXP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,075 shares of the payment services company's stock, valued at approximately $2,732,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in American Express in the 4th quarter valued at $2,464,215,000. Capital World Investors increased its position in shares of American Express by 46.7% in the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in American Express by 350.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,236,438 shares of the payment services company's stock valued at $373,998,000 after purchasing an additional 961,698 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in American Express by 73.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,451,606 shares of the payment services company's stock valued at $438,975,000 after purchasing an additional 616,498 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company's stock worth $2,904,218,000 after purchasing an additional 558,533 shares during the period. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Performance

Shares of American Express stock opened at $340.96 on Monday. The company's 50 day moving average price is $338.12 and its two-hundred day moving average price is $328.00. The firm has a market capitalization of $230.25 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.37 and a beta of 1.04. 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 current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results 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. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the prior year, the business earned $4.08 earnings per share. The company's revenue for the quarter 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, equities analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be 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 is Thursday, July 2nd. American Express's dividend payout ratio (DPR) is presently 23.06%.

Analyst Ratings Changes

Several research firms have commented on AXP. HSBC raised their target price on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a report on Monday, July 13th. Benchmark started coverage on shares of American Express in a research note on Monday, July 13th. They issued a "buy" rating on the stock. Jefferies Financial Group upgraded shares of American Express from a "hold" rating to a "buy" rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upgraded American Express from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $328.00 to $400.00 in a research note on Monday, July 13th. Finally, UBS Group dropped their price objective on American Express from $386.00 to $384.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, American Express has a consensus rating of "Moderate Buy" and an average price target of $372.84.

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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