Stonebridge Financial Group LLC Boosts Stake in American Express Company $AXP

Stonebridge Financial Group LLC increased its holdings in shares of American Express Company (NYSE:AXP) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,442 shares of the payment services company’s stock after acquiring an additional 1,803 shares during the quarter. Stonebridge Financial Group LLC’s holdings in American Express were worth $5,223,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AXP. Keybank National Association OH boosted its position in shares of American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after acquiring an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in American Express by 34.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock worth $51,751,000 after purchasing an additional 35,533 shares during the last quarter. Country Trust Bank raised its stake in American Express by 14.0% during the fourth quarter. Country Trust Bank now owns 121,774 shares of the payment services company’s stock worth $45,050,000 after purchasing an additional 14,931 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in American Express by 6.2% in the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. acquired a new position in American Express in the 4th quarter valued at about $1,480,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Up 2.4%

NYSE:AXP opened at $344.39 on Tuesday. American Express Company has a 52 week low of $290.63 and a 52 week high of $387.49. The stock’s fifty day moving average is $335.62 and its two-hundred day moving average is $328.46. The stock has a market capitalization of $232.57 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last posted 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. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s dividend payout ratio is 23.06%.

Analyst Ratings Changes

AXP has been the subject of a number of recent analyst reports. TD Cowen raised their price target on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Freedom Capital upgraded American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Loop Capital assumed coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective for the company. Finally, BTIG Research decreased their target price on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $372.84.

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.