Fulcrum Asset Management LLP Invests $6.34 Million in American Express Company $AXP

Key Points

• Fulcrum Asset Management acquired 18,607 American Express shares worth approximately $6.34 million in the second quarter. Institutional investors collectively own 84.33% of AXP’s outstanding stock.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $373.32, despite ratings ranging from Strong Buy to Sell.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year to $19.64 billion. The company also maintains a quarterly dividend of $0.95 per share, equivalent to a 1.1% yield.

Fulcrum Asset Management LLP acquired a new stake in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,607 shares of the payment services company's stock, valued at approximately $6,343,000.

A number of other institutional investors also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. lifted its stake in shares of American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company's stock worth $323,000 after purchasing an additional 29 shares during the period. Dover Advisors LLC grew its position in American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock valued at $2,951,000 after buying an additional 29 shares during the period. Invenio Wealth Partners LLC grew its position in American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company's stock valued at $258,000 after buying an additional 29 shares during the period. Strait & Sound Wealth Management LLC increased its holdings in American Express by 2.7% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company's stock valued at $421,000 after buying an additional 30 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its stake in shares of American Express by 3.6% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company's stock worth $263,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 84.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AXP shares. Benchmark initiated coverage on American Express in a report on Monday, July 13th. They issued a "buy" rating on the stock. Barclays boosted their price target on American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a report on Tuesday, July 7th. BTIG Research decreased their price objective on American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a research note on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. Finally, Freedom Capital upgraded American Express from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 14th. One 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Trading Down 0.2%

Shares of AXP stock opened at $333.64 on Friday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a market capitalization of $225.31 billion, a PE ratio of 20.25, a PEG ratio of 1.35 and a beta of 1.04. The stock has a fifty day simple moving average of $342.85 and a two-hundred day simple moving average of $326.18.

American Express (NYSE:AXP - Get Free Report) last announced 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the business earned $4.08 earnings per share. The business's revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts predict that American Express Company will post 17.67 EPS for the current fiscal 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 paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express's dividend payout ratio is presently 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.

Want to see what other hedge funds are holding AXP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Express Company (NYSE:AXP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source