Shelter Mutual Insurance Co Takes Position in American Express Company $AXP

Shelter Mutual Insurance Co acquired a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,735 shares of the payment services company’s stock, valued at approximately $9,720,000. American Express accounts for 2.1% of Shelter Mutual Insurance Co’s portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. lifted its holdings in shares of American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management acquired a new position in American Express during the fourth quarter worth about $26,000. Sfam LLC bought a new stake in American Express in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express in the 4th quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in shares of American Express during the 4th quarter valued at about $29,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 1.5%

Shares of American Express stock opened at $336.00 on Friday. American Express Company has a 1 year low of $290.97 and a 1 year high of $387.49. The company has a market cap of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.34 and a beta of 1.04. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The stock has a 50-day moving average price of $343.19 and a 200 day moving average price of $326.83.

American Express (NYSE:AXP) last released its 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 company had revenue of $19.64 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%.The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, analysts expect that American Express Company will post 17.67 EPS for the current fiscal 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 given a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. American Express’s payout ratio is presently 23.06%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AXP shares. The Goldman Sachs Group increased their target price on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Barclays lifted their price target on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Morgan Stanley cut their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a research report on Monday, July 27th. Guggenheim began coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Express currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

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.