Hennessy Advisors Inc. Purchases New Shares in American Express Company $AXP

Key Points

• Hennessy Advisors initiated a position in American Express, purchasing 6,584 shares valued at approximately $2.23 million. Institutional investors collectively own 84.33% of AXP.
• Analyst sentiment is generally positive: American Express has a consensus rating of “Moderate Buy” and an average price target of $373.32, with several firms recently raising targets or upgrading the stock.
• American Express exceeded quarterly earnings expectations with EPS of $4.53 versus the $4.41 consensus, while revenue rose 10% year over year to $19.64 billion. The company also declared a quarterly dividend of $0.95 per share, equivalent to a 1.1% yield.

Hennessy Advisors Inc. bought a new position in American Express Company (NYSE:AXP) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 6,584 shares of the payment services company's stock, valued at approximately $2,227,000.

A number of other institutional investors have also recently made changes to their positions in AXP. Flputnam Investment Management Co. bought a new position in shares of American Express during the 2nd quarter worth approximately $12,879,000. Evolve Private Wealth LLC purchased a new stake in shares of American Express in the 2nd quarter valued at $5,172,000. Swiss Life Asset Management Ltd raised its stake in shares of American Express by 34.1% during 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 buying an additional 35,533 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in American Express in the second quarter valued at approximately $11,642,000. Finally, Peapack Gladstone Financial Corp boosted its holdings in 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 worth $24,416,000 after buying an additional 3,855 shares in the last quarter. Institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

AXP has been the topic of several recent research reports. Barclays lifted their target price on shares of American Express from $322.00 to $364.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Piper Sandler raised their price objective on shares of American Express from $396.00 to $405.00 and gave the company an "overweight" rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upgraded American Express from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Express in a research report on Monday, July 13th. Finally, TD Cowen raised their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a "hold" rating in a research report on Tuesday, July 7th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $373.32.

American Express Stock Up 0.1%

American Express stock opened at $333.64 on Monday. The firm has a market capitalization of $225.31 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.35 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 Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The stock's fifty day moving average is $342.85 and its two-hundred day moving average is $325.95.

American Express (NYSE:AXP - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts' consensus estimates of $4.41 by $0.12. The firm had revenue of $19.64 billion for 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 firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts predict that American Express Company will post 17.67 EPS for the current fiscal 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 dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. 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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