Everett Harris & Co. CA Takes Position in American Express Company $AXP

Key Points

• Everett Harris & Co. CA bought 6,046 American Express shares in the second quarter, valued at approximately $2.05 million. Institutional and hedge-fund investors collectively own 84.33% of AXP.
• American Express reported quarterly EPS of $4.53, exceeding the $4.41 consensus estimate, while revenue rose 10% year over year. The company reaffirmed fiscal 2026 EPS guidance of $17.30–$17.90 and pays an annualized dividend of $3.80 per share.
• Analyst sentiment remains broadly positive but mixed, with a consensus “Moderate Buy” rating and a $373.32 target price; recent calls ranged from BTIG’s “sell” rating to buy ratings from Benchmark and Guggenheim.

Everett Harris & Co. CA purchased a new position in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,046 shares of the payment services company's stock, valued at approximately $2,045,000.

Several other institutional investors and hedge funds have also made changes to their positions in AXP. Pecaut & CO. acquired a new position in American Express during the second quarter worth about $1,696,000. Summit Global Investments purchased a new stake in shares of American Express in the second quarter valued at about $601,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of American Express in the second quarter valued at approximately $5,201,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of American Express in the second quarter valued at approximately $1,731,000. Finally, Mill Capital Management LLC purchased a new position in shares of American Express during the 2nd quarter worth approximately $41,099,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

More American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AXP. BTIG Research cut their price objective on American Express from $324.00 to $315.00 and set a "sell" rating for the company in a research report on Monday, July 27th. Benchmark assumed coverage on American Express in a report on Monday, July 13th. They set a "buy" rating on the stock. UBS Group dropped their price target 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. Barclays boosted their price target on American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Finally, Guggenheim started coverage on American Express in a research report on Monday, July 13th. They issued 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Price Performance

AXP stock opened at $342.27 on Friday. The stock has a market capitalization of $231.14 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The stock's fifty day simple moving average is $341.33 and its 200-day simple moving average is $327.58.

American Express (NYSE:AXP - Get Free Report) last released its earnings results 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the firm posted $4.08 earnings per share. The business's quarterly 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. Equities research analysts expect 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. Stockholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. American Express's dividend 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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