S&G Foundation Invests $216.85 Million in American Express Company $AXP

Key Points

• S&G Foundation purchased 641,100 American Express shares worth approximately $216.85 million in the second quarter, making AXP its third-largest holding and representing about 10.1% of its portfolio.
• Wall Street’s consensus view is “Moderate Buy,” with 13 analysts rating the stock Buy or Strong Buy, 10 Hold ratings, one Sell rating, and an average price target of $373.32.
• American Express beat quarterly EPS expectations with $4.53 versus $4.41 forecast, while revenue rose 10% year over year to $19.64 billion. The company also pays a quarterly dividend of $0.95 per share, or $3.80 annually.

S&G Foundation purchased a new stake in shares of American Express Company (NYSE:AXP - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 641,100 shares of the payment services company's stock, valued at approximately $216,852,000. American Express makes up approximately 10.1% of S&G Foundation's investment portfolio, making the stock its 3rd biggest position. S&G Foundation owned 0.09% of American Express as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. boosted its holdings in shares of American Express by 6,600.0% during the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company's stock valued at $25,000 after acquiring an additional 66 shares during the last quarter. Joseph Group Capital Management purchased a new position in shares of American Express during the fourth quarter valued at approximately $26,000. Sfam LLC bought a new position in American Express during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express in the fourth quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in American Express in the fourth quarter worth approximately $29,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AXP has been the subject of a number of research reports. Loop Capital initiated coverage on shares of American Express in a research note on Thursday, May 21st. They set a "buy" rating and a $389.00 target price for the company. BTIG Research cut their price objective on American Express from $324.00 to $315.00 and set a "sell" rating for the company in a report on Monday, July 27th. Guggenheim started coverage on American Express in a research report on Monday, July 13th. They set a "buy" rating for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of American Express in a report on Monday, July 13th. Finally, Evercore set a $370.00 target price on American Express in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $373.32.

American Express Price Performance

Shares of American Express stock opened at $336.00 on Friday. The stock has a market cap of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.36 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. The stock's fifty day moving average is $343.19 and its 200 day moving average is $326.83. American Express Company has a one year low of $290.97 and a one year high of $387.49.

American Express (NYSE:AXP - Get Free Report) last released its quarterly earnings results 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 business had revenue of $19.64 billion during 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%.American Express's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid a dividend of $0.95 per share. 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 payout ratio is 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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