Haverford Trust Co Takes $4.33 Million Position in American Express Company $AXP

Key Points

• Haverford Trust initiated a $4.33 million position in American Express during the second quarter, while institutional investors collectively own 84.33% of the company’s shares.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $373.32, despite some firms downgrading or lowering targets.
• American Express exceeded quarterly EPS expectations with $4.53 per share, while revenue rose 10% year over year to $19.64 billion. The company also paid a quarterly dividend of $0.95 per share, representing a 1.1% annualized yield.

Haverford Trust Co acquired a new position in American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,817 shares of the payment services company's stock, valued at approximately $4,335,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clear Harbor Asset Management LLC bought a new stake in American Express during the second quarter valued at about $1,348,000. S&G Foundation bought a new position in shares of American Express during the 2nd quarter valued at approximately $216,852,000. Davis Asset Management L.P. bought a new position in shares of American Express during the 2nd quarter valued at approximately $21,310,000. First Nebraska Trust Co purchased a new stake in American Express in the 2nd quarter worth approximately $583,000. Finally, Bank of Nova Scotia purchased a new stake in American Express in the 2nd quarter worth approximately $71,653,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AXP. BTIG Research lowered their price target on shares of American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a report on Monday, July 27th. Piper Sandler increased their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 12th. Weiss Ratings restated a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. Royal Bank Of Canada cut shares of American Express from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 13th. Finally, Truist Financial upped their target price on shares of American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, American Express has a consensus rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Stock Up 1.5%

NYSE AXP opened at $336.00 on Friday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The stock has a market cap of $226.90 billion, a PE ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04. The stock's 50 day moving average is $343.19 and its 200 day moving average is $326.83.

American Express (NYSE:AXP - Get Free Report) last announced 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 business had revenue of $19.64 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company's revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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

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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