Kimelman & Baird LLC purchased a new stake in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,055 shares of the payment services company's stock, valued at approximately $3,739,000.
A number of other institutional investors have also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. grew its stake in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Sfam LLC bought a new stake in shares of American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express in the fourth quarter valued at about $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of American Express during the third quarter worth about $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in shares of American Express in the fourth quarter worth approximately $29,000. 84.33% of the stock is owned by institutional investors.
American Express Stock Performance
NYSE:AXP opened at $333.64 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The company has a fifty day moving average of $342.85 and a 200-day moving average of $326.18. The firm has a market capitalization of $225.31 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.35 and a beta of 1.04.
American Express (NYSE:AXP - Get Free Report) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the prior year, the firm earned $4.08 earnings per share. American Express'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. As a group, sell-side analysts anticipate that American Express Company will post 17.67 EPS for the current year.
American Express Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express's dividend payout ratio (DPR) is currently 23.06%.
Analyst Upgrades and Downgrades
AXP has been the subject of a number of recent analyst reports. Loop Capital began coverage on shares of American Express in a research report on Thursday, May 21st. They set a "buy" rating and a $389.00 target price for the company. Freedom Capital upgraded shares of American Express from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 14th. Jefferies Financial Group raised shares of American Express from a "hold" rating to a "buy" rating in a research note on Monday, July 13th. Truist Financial increased their price objective on shares of American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Finally, Piper Sandler lifted their target price 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. One 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $373.32.
Read Our Latest Stock Analysis on AXP
About American Express
(
Free Report)
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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