Empirical Asset Management LLC Invests $789,000 in American Express Company $AXP

Empirical Asset Management LLC bought a new position in shares of American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel reports. The firm bought 2,333 shares of the payment services company’s stock, valued at approximately $789,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC raised its stake in American Express by 24.4% in the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock valued at $1,924,000 after purchasing an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after buying an additional 200 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of American Express in the second quarter valued at approximately $428,000. Howland Capital Management LLC raised its position in shares of American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after buying an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its stake in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after buying an additional 481 shares during the period. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXP has been the subject of several recent analyst reports. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Bank of America increased their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Truist Financial raised 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. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research report on Thursday, June 18th. Finally, Loop Capital initiated coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Price Performance

AXP stock opened at $338.10 on Wednesday. The firm has a market cap of $228.32 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 1.38 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. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The stock has a 50-day simple moving average of $342.20 and a 200-day simple moving average of $327.04.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the prior year, the business earned $4.08 EPS. American Express’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. On average, equities analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.1%. American Express’s dividend 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.