Foyston Gordon & Payne Inc Purchases New Stake in American Express Company $AXP

Key Points

• Foyston Gordon & Payne acquired 42,942 American Express shares in the second quarter, valued at approximately $14.6 million. AXP now represents 3.1% of the fund’s portfolio and is its eighth-largest holding.
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company reaffirmed fiscal 2026 EPS guidance of $17.30–$17.90.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $373.32, compared with the stock’s reported $336 price. American Express also pays a quarterly dividend of $0.95, or $3.80 annually, yielding about 1.1%.

Foyston Gordon & Payne Inc acquired a new position in shares of American Express Company (NYSE:AXP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 42,942 shares of the payment services company's stock, valued at approximately $14,611,000. American Express comprises 3.1% of Foyston Gordon & Payne Inc's investment portfolio, making the stock its 8th biggest holding.

Several other hedge funds also recently modified their holdings of the business. Flputnam Investment Management Co. bought a new stake in shares of American Express during the 2nd quarter valued at $12,879,000. Keybank National Association OH increased its holdings in American Express by 3.0% in the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company's stock valued at $132,909,000 after purchasing an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd lifted its stake 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 period. Peapack Gladstone Financial Corp lifted its stake 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 period. Finally, Thames Capital Management LLC boosted its holdings in American Express by 189.6% during the fourth quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company's stock worth $29,767,000 after buying an additional 52,679 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

American Express Stock Up 1.5%

NYSE:AXP opened at $336.00 on Friday. The stock has a 50-day simple moving average of $343.19 and a 200 day simple moving average of $326.83. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a market cap of $226.90 billion, a PE ratio of 20.39, a PEG ratio of 1.36 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP - Get Free Report) last released its quarterly 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. The firm had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business's revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express's dividend payout ratio (DPR) is 23.06%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen increased their price target on shares of American Express from $330.00 to $338.00 and gave the company a "hold" rating in a research report on Tuesday, July 7th. Benchmark began coverage on American Express in a research report on Monday, July 13th. They set a "buy" rating on the stock. Morgan Stanley cut their price objective on American Express from $385.00 to $382.00 and set an "equal weight" rating on the stock in a report on Monday, July 27th. Freedom Capital raised American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. Finally, Barclays lifted their price target on shares of American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $373.32.

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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