Freestone Grove Partners LP Acquires New Stake in American Express Company $AXP

Freestone Grove Partners LP bought a new position in American Express Company (NYSE:AXP) in the second quarter, HoldingsChannel.com reports. The firm bought 93,391 shares of the payment services company’s stock, valued at approximately $31,590,000.

A number of other large investors have also recently added to or reduced their stakes in AXP. Brighton Jones LLC lifted 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 acquiring an additional 1,273 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of American Express by 13.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock worth $554,000 after acquiring an additional 200 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in shares of American Express during the 2nd quarter worth approximately $428,000. Howland Capital Management LLC raised its holdings 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 purchasing an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC raised its holdings in shares of American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after purchasing an additional 481 shares during the last quarter. Institutional investors own 84.33% of the company’s stock.

American Express Trading Down 0.6%

American Express stock opened at $334.03 on Friday. The stock has a 50-day simple moving average of $342.96 and a 200 day simple moving average of $326.13. The stock has a market capitalization of $225.57 billion, a P/E ratio of 20.27, a PEG 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. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49.

American Express (NYSE:AXP) last released 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 $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter in the prior year, the company earned $4.08 earnings per share. The business’s revenue for the quarter 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. Analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a yield of 1.1%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analyst Ratings Changes

Several research analysts recently commented on AXP shares. Benchmark began coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Jefferies Financial Group upgraded shares of American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. DZ Bank upgraded shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price objective for the company in a research note on Thursday, June 18th. Finally, HSBC raised their price objective on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

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.