Grandfield & Dodd LLC Makes New $4.07 Million Investment in American Express Company $AXP

Grandfield & Dodd LLC purchased a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,024 shares of the payment services company's stock, valued at approximately $4,067,000.

Other hedge funds also recently made changes to their positions in the company. Flputnam Investment Management Co. bought a new stake in American Express in the second quarter valued at about $12,879,000. Keybank National Association OH increased its position 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 worth $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 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company's stock valued at $51,751,000 after purchasing an additional 35,533 shares during the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of American Express by 6.2% during 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. Finally, Thames Capital Management LLC raised its stake in American Express by 189.6% during the 4th quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company's stock valued at $29,767,000 after acquiring an additional 52,679 shares in the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

American Express Price Performance

NYSE AXP opened at $336.50 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a fifty day simple moving average of $341.81 and a 200 day simple moving average of $327.17. The company has a market cap of $227.24 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $14.99 billion for 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 firm's revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts predict that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

The business 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 was Thursday, July 2nd. American Express's dividend payout ratio (DPR) is currently 23.06%.

Analysts Set New Price Targets

A number of analysts have commented on AXP shares. Loop Capital initiated coverage on shares of American Express in a research report on Thursday, May 21st. They set a "buy" rating and a $389.00 price target on the stock. Barclays increased their price target on American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 7th. HSBC lifted their price objective on shares of American Express from $312.00 to $329.00 and gave the stock a "hold" rating in a research report on Monday, July 13th. DZ Bank raised shares of American Express from a "hold" rating to a "buy" rating and set a $375.00 price target for the company in a research report on Thursday, June 18th. Finally, Guggenheim initiated coverage on American Express in a research report on Monday, July 13th. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Express has a consensus rating of "Moderate Buy" and an average price target of $373.32.

American Express 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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