Somerville Kurt F Purchases Shares of 20,685 American Express Company $AXP

Key Points

• Somerville Kurt F acquired 20,685 American Express shares worth approximately $7.0 million, making AXP a 1.7% portfolio holding. Institutional investors collectively own 84.33% of the company.
• Analysts maintain a generally positive outlook, with American Express carrying a consensus “Moderate Buy” rating and an average price target of $373.32, versus a recent share price of $339.90.
• American Express beat quarterly earnings expectations with EPS of $4.53, while revenue rose 10% year over year to $19.64 billion. The company also declared a quarterly dividend of $0.95 per share, representing a 1.1% annualized yield.

Somerville Kurt F acquired a new position in American Express Company (NYSE:AXP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,685 shares of the payment services company's stock, valued at approximately $6,997,000. American Express makes up 1.7% of Somerville Kurt F's investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors have also recently modified their holdings of AXP. Cornerstone Advisory LLC lifted its position in American Express by 2.9% in the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company's stock worth $376,000 after buying an additional 29 shares during the last quarter. Total Clarity Wealth Management Inc. grew its position in American Express by 3.4% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company's stock valued at $323,000 after acquiring an additional 29 shares during the last quarter. Dover Advisors LLC raised its stake in shares of American Express by 0.4% during the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company's stock worth $2,951,000 after acquiring an additional 29 shares in the last quarter. Invenio Wealth Partners LLC raised its stake in shares of American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company's stock worth $258,000 after acquiring an additional 29 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of American Express by 1.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company's stock worth $1,172,000 after acquiring an additional 30 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXP has been the subject of a number of research reports. Morgan Stanley cut their price objective on shares of 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. UBS Group decreased their target price on shares of American Express from $386.00 to $384.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. 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 research report on Monday, July 13th. Loop Capital assumed coverage on American Express in a research note on Thursday, May 21st. They set a "buy" rating and a $389.00 price objective on the stock. Finally, Truist Financial lifted their price objective on American Express from $360.00 to $375.00 and gave the stock a "buy" rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Express currently has a consensus rating of "Moderate Buy" and a consensus target price of $373.32.

American Express Stock Up 0.4%

Shares of NYSE AXP opened at $339.90 on Thursday. The firm's fifty day moving average is $342.72 and its 200 day moving average is $326.91. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a market cap of $229.54 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share 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 analysts' expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm'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 company posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities research analysts expect that American Express Company will post 17.67 earnings per share 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 issued a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express's dividend payout ratio is currently 23.06%.

Key Stories Impacting American Express

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

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

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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