American Express Company $AXP Stock: Hosking Partners LLP Decreases Position

Hosking Partners LLP decreased its stake in American Express Company (NYSE:AXP) by 6.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,027 shares of the payment services company’s stock after selling 14,114 shares during the period. American Express accounts for about 2.1% of Hosking Partners LLP’s holdings, making the stock its 10th biggest position. Hosking Partners LLP’s holdings in American Express were worth $59,612,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp purchased a new stake in shares of American Express during the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC raised its holdings in shares of American Express by 78.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock worth $28,000 after purchasing an additional 41 shares during the period. Cedar Mountain Advisors LLC raised its holdings in shares of American Express by 58.3% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 95 shares of the payment services company’s stock worth $32,000 after purchasing an additional 35 shares during the period. Frazier Financial Advisors LLC bought a new stake in shares of American Express in the 2nd quarter worth approximately $33,000. Finally, Avalon Trust Co purchased a new position in American Express in the second quarter valued at approximately $34,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Price Performance

American Express stock opened at $323.67 on Thursday. American Express Company has a one year low of $290.97 and a one year high of $387.49. The business has a fifty day moving average price of $319.81 and a 200-day moving average price of $325.86. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market capitalization of $218.58 billion, a P/E ratio of 19.32, a PEG ratio of 1.36 and a beta of 1.08.

American Express (NYSE:AXP) 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. American Express had a return on equity of 34.12% and a net margin of 15.07%. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period in the previous year, the business earned $4.08 earnings per share. The firm’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. As a group, equities research analysts forecast that American Express Company will post 17.65 EPS for the current year.

American Express Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Loop Capital reduced their price objective on American Express from $389.00 to $386.00 and set a “buy” rating for the company in a report on Monday, July 27th. Morgan Stanley lowered their target price on American Express from $382.00 to $380.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. Bank of America upped their price target on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Truist Financial cut their price target on American Express from $375.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, September 23rd. Finally, Citigroup decreased their price objective on American Express from $355.00 to $340.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, American Express currently has an average rating of “Moderate Buy” and an average target price of $365.63.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.