M. Kulyk & Associates LLC Takes $13.50 Million Position in American Express Company $AXP

Key Points

• M. Kulyk & Associates purchased 39,902 American Express shares worth approximately $13.5 million, making AXP about 2.2% of its portfolio. Institutional investors and hedge funds collectively own 84.33% of the stock.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $373.32, despite Royal Bank of Canada downgrading the shares to “Hold.” JPMorgan raised its target to $400 and upgraded AXP to “Overweight.”
• American Express reported quarterly EPS of $4.53, exceeding estimates of $4.41, while revenue increased 10% year over year to $19.64 billion. The company also issued a quarterly dividend of $0.95 per share, equivalent to a 1.1% yield.

M. Kulyk & Associates LLC purchased a new stake in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 39,902 shares of the payment services company's stock, valued at approximately $13,497,000. American Express makes up about 2.2% of M. Kulyk & Associates LLC's investment portfolio, making the stock its 10th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. grew its position in American Express by 6,600.0% in the 4th 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. Joseph Group Capital Management bought a new position in shares of American Express during the 4th quarter worth about $26,000. Sfam LLC bought a new position in American Express during the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express during the 4th quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in American Express during the 4th quarter valued at about $29,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on AXP. Royal Bank Of Canada downgraded shares of American Express from a "moderate buy" rating to a "hold" rating in a research note on Monday, July 13th. HSBC upped their price target on shares of American Express from $312.00 to $329.00 and gave the company a "hold" rating in a 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 objective on the stock in a research report on Thursday, June 18th. Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. upgraded shares of American Express from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $328.00 to $400.00 in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $373.32.

American Express Trading Up 0.4%

NYSE AXP traded up $1.38 during trading hours on Wednesday, reaching $339.90. The company's stock had a trading volume of 2,538,525 shares, compared to its average volume of 3,294,725. The firm has a fifty day simple moving average of $342.20 and a 200-day simple moving average of $327.04. The stock has a market cap of $229.54 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.38 and a beta of 1.04. 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 current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP - Get Free Report) last issued 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. 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 during the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the business earned $4.08 EPS. The firm's quarterly 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. Equities analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a dividend of $0.95 per share. 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 is presently 23.06%.

American Express News Roundup

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Expanded corporate payments capabilities: American Express is embedding virtual cards more deeply into its U.S. commercial-payment tools, including the @ Work platform and Conferma for business travel. The strategy could improve security, simplify expense management and increase customer retention, strengthening Amex’s competitive position in premium corporate payments. Is American Express’ Expanded Virtual Cards Strategy Deepening Its Corporate Moat in Premium Payments?
• Positive Sentiment: New St Andrews partnership: American Express became the official payments partner of St Andrews Links, expanding its sports and lifestyle marketing platform. The agreement may support international brand visibility, card-member engagement and premium travel-related spending, though the near-term financial impact is likely limited. American Express and St Andrews Links Trust Announce Partnership
• Positive Sentiment: Premium-card momentum and younger customers: A profile of CEO Steve Squeri highlights Amex’s success attracting millennials and Generation Z to high-fee products such as the Platinum card. Continued acceptance of premium annual fees would support spending growth, fee revenue and the company’s long-term brand positioning. The American Express CEO Defied Haters
• Neutral Sentiment: Upcoming investor presentation: Management will participate in the Barclays Global Financial Services Conference on September 16. Investors may receive updated commentary on spending trends, credit quality and 2026 guidance, but no new information was announced today. American Express to Participate in Barclays Global Financial Services Conference
• Neutral Sentiment: Limited indirect items: American Express is included among the holdings of US Financial 15 Split Corp., while Berkshire Hathaway’s portfolio is becoming more concentrated in Dow components. These developments offer little direct information about AXP’s fundamentals or valuation.

About American Express

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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