Pavion Blue Capital LLC Buys Shares of 28,239 American Express Company $AXP

Key Points

• Pavion Blue Capital acquired 28,239 American Express shares worth approximately $9.55 million, making AXP its fifth-largest portfolio holding. Institutional investors collectively own 84.33% of the company.
• Analyst sentiment remains positive, with American Express receiving a consensus “Moderate Buy” rating and an average price target of $373.32; JPMorgan recently upgraded the stock to overweight with a $400 target.
• American Express reported quarterly EPS of $4.53, beating estimates of $4.41, while revenue rose 10% year over year. The company also maintains a quarterly dividend of $0.95, equivalent to a 1.1% annual yield.

Pavion Blue Capital LLC acquired a new position in shares of American Express Company (NYSE:AXP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,239 shares of the payment services company's stock, valued at approximately $9,552,000. American Express comprises about 3.9% of Pavion Blue Capital LLC's investment portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. purchased a new position in American Express during the second quarter worth $14,208,662,000. Norges Bank purchased a new position in shares of American Express during the 4th quarter worth about $2,464,215,000. Bank of New York Mellon Corp acquired a new position in shares of American Express in the 2nd quarter valued at $1,263,787,000. Deutsche Bank AG purchased a new stake in shares of American Express during the 2nd quarter worth about $927,950,000. Finally, Capital World Investors grew its stake 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 buying an additional 2,393,340 shares during the period. Hedge funds and other institutional investors own 84.33% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AXP shares. Barclays increased their target price on American Express from $322.00 to $364.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 7th. Morgan Stanley reduced their target price on American Express from $385.00 to $382.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. Freedom Capital raised shares of American Express from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of American Express from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Finally, TD Cowen upped their price target on shares of American Express from $330.00 to $338.00 and gave the company a "hold" rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $373.32.

American Express Stock Down 1.7%

NYSE:AXP opened at $336.50 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The company has a market capitalization of $227.24 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.04. American Express Company has a one year low of $290.97 and a one year high of $387.49. The stock has a 50-day simple moving average of $341.81 and a 200 day simple moving average of $327.17.

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 the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to analysts' expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express's payout ratio is currently 23.06%.

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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