DJE Kapital AG Acquires New Position in American Express Company $AXP

DJE Kapital AG acquired a new stake in American Express Company (NYSE:AXP) in the 4th quarter, Holdings Channel.com reports. The firm acquired 58,977 shares of the payment services company’s stock, valued at approximately $22,066,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Evolution Wealth Management Inc. lifted its stake 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 purchasing an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in American Express during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in American Express during the 3rd quarter valued at about $28,000. Torren Management LLC purchased a new position in American Express during the 4th quarter valued at about $32,000. Finally, Entrust Financial LLC purchased a new position in American Express during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of NYSE AXP opened at $318.95 on Friday. The company has a market cap of $217.63 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. American Express Company has a 12 month low of $286.15 and a 12 month high of $387.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.56. The company has a 50-day simple moving average of $315.36 and a 200-day simple moving average of $336.06.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 EPS for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.22 billion during the quarter, compared to the consensus estimate of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.64 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 17.59 earnings per share for the current year.

American Express Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued 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 dividend yield of 1.2%. American Express’s payout ratio is 23.71%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AXP. Morgan Stanley dropped their target price on shares of American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Bank of America raised their target price on shares of American Express from $381.00 to $387.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wells Fargo & Company dropped their target price on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. BTIG Research restated a “sell” rating and set a $285.00 target price on shares of American Express in a report on Friday, April 24th. Finally, Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Express currently has an average rating of “Hold” and a consensus price target of $359.05.

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.