EFG International AG Buys Shares of 17,234 American Express Company $AXP

EFG International AG bought a new position in American Express Company (NYSE:AXP - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 17,234 shares of the payment services company's stock, valued at approximately $5,829,000.

Several other institutional investors have also modified their holdings of AXP. Flputnam Investment Management Co. acquired a new position in shares of American Express in the 2nd quarter valued at $12,879,000. Evolve Private Wealth LLC acquired a new stake in shares of American Express during the 2nd quarter worth about $5,172,000. Keybank National Association OH raised its holdings in American Express by 3.0% in the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company's stock valued at $132,909,000 after buying an additional 10,495 shares during the period. Swiss Life Asset Management Ltd lifted its position in American Express by 34.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company's stock valued at $51,751,000 after buying an additional 35,533 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in American Express by 6.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company's stock valued at $24,416,000 after buying an additional 3,855 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AXP. HSBC lifted their price target 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. Benchmark initiated coverage on shares of American Express in a research report on Monday, July 13th. They set a "buy" rating for the company. Bank of America lifted their target price on shares of American Express from $387.00 to $391.00 and gave the company a "buy" rating in a report on Thursday, July 9th. DZ Bank raised American Express from a "hold" rating to a "buy" rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of American Express in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $373.32.

American Express Stock Down 0.4%

Shares of NYSE:AXP opened at $336.14 on Wednesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market capitalization of $227.00 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The firm's 50-day moving average is $343.13 and its two-hundred day moving average is $326.44. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49.

American Express (NYSE:AXP - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders 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 of this dividend was Thursday, July 2nd. 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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