Freestone Grove Partners LP Makes New Investment in American Express Company $AXP

Key Points

• Freestone Grove Partners LP acquired 93,391 American Express shares in the second quarter, valued at approximately $31.6 million. Institutional investors collectively own 84.33% of the company.
• 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 rating with an average price target of $373.32; shares recently opened at $334.03. The company also pays a quarterly dividend of $0.95, yielding approximately 1.1% annually.

Freestone Grove Partners LP acquired a new position in shares of American Express Company (NYSE:AXP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 93,391 shares of the payment services company's stock, valued at approximately $31,590,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of American Express in the 2nd quarter worth about $14,208,662,000. Norges Bank acquired a new position in American Express in the fourth quarter valued at about $2,464,215,000. Bank of New York Mellon Corp acquired a new position in American Express in the second quarter valued at about $1,263,787,000. Legal & General Group Plc bought a new stake in American Express during the second quarter worth about $1,138,054,000. Finally, Deutsche Bank AG acquired a new stake in shares of American Express during the second quarter worth approximately $927,950,000. Institutional investors and hedge funds own 84.33% of the company's stock.

American Express Stock Performance

Shares of NYSE:AXP opened at $334.03 on Friday. The firm's 50 day simple moving average is $342.96 and its 200 day simple moving average is $326.13. 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 market capitalization of $225.57 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 1.36 and a beta of 1.04. 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 issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts forecast that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The company also recently disclosed 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 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%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a report on Monday, July 13th. Barclays boosted their price objective on American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Evercore set a $370.00 target price on American Express in a report on Monday, July 27th. Morgan Stanley lowered their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. Finally, UBS Group cut their price target on American Express from $386.00 to $384.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, American Express has a consensus rating of "Moderate Buy" and a consensus 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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