Odyssean LLC Buys New Shares in American Express Company $AXP

Key Points

• Odyssean LLC purchased 4,487 American Express shares during the second quarter, valued at approximately $1.52 million. Institutional investors collectively own 84.33% of AXP’s outstanding stock.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $373.32, despite one sell rating and several hold ratings.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue reached $19.64 billion. The company also maintains a quarterly dividend of $0.95 per share, representing a 1.1% annualized yield.

Odyssean LLC bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,487 shares of the payment services company's stock, valued at approximately $1,518,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of American Express during the 2nd quarter worth about $14,208,662,000. State Street Corp grew its holdings in American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company's stock valued at $10,900,528,000 after purchasing an additional 369,967 shares during the period. Fisher Asset Management LLC grew its holdings in American Express by 1.6% in the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company's stock valued at $3,338,238,000 after purchasing an additional 141,936 shares during the period. Bank of America Corp DE increased its position in American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company's stock worth $2,904,218,000 after purchasing an additional 558,533 shares during the last quarter. Finally, Capital World Investors increased its position in American Express by 46.7% during the fourth quarter. Capital World Investors now owns 7,515,675 shares of the payment services company's stock worth $2,780,424,000 after purchasing an additional 2,393,340 shares during the last quarter. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AXP. Truist Financial lifted their price target on shares of American Express from $360.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. BTIG Research cut their target price on American Express from $324.00 to $315.00 and set a "sell" rating on the stock in a research report on Monday, July 27th. Barclays lifted their target price on American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a report on Tuesday, July 7th. Evercore set a $370.00 price target on American Express in a research report on Monday, July 27th. Finally, Guggenheim initiated coverage on American Express in a research note on Monday, July 13th. They set a "buy" rating for the company. One equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, American Express presently has a consensus rating of "Moderate Buy" and an average target price of $373.32.

American Express Stock Down 0.4%

Shares of American Express stock opened at $336.14 on Wednesday. The company has a fifty day moving average price of $343.13 and a 200 day moving average price of $326.44. 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 twelve month low of $290.97 and a twelve month high of $387.49. The stock has a market cap of $227.00 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analyst estimates 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 company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities research analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 1.1%. American Express's dividend payout ratio (DPR) is 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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