St. Louis Financial Planners Asset Management LLC Takes $3.59 Million Position in American Express Company $AXP

St. Louis Financial Planners Asset Management LLC purchased a new position in shares of American Express Company (NYSE:AXP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,201 shares of the payment services company’s stock, valued at approximately $3,591,000. American Express comprises 1.9% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 20th biggest position.

A number of other hedge funds also recently bought and sold shares of the business. Evolution Wealth Management Inc. lifted its stake in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after purchasing an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in American Express during the fourth quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express during the third quarter worth approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

NYSE AXP opened at $342.86 on Friday. The stock has a fifty day simple moving average of $337.63 and a 200-day simple moving average of $328.17. 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 market cap of $231.54 billion, a PE ratio of 20.80, a P/E/G ratio of 1.41 and a beta of 1.04. American Express Company has a twelve month low of $290.63 and a twelve month high of $387.49.

American Express (NYSE:AXP) last issued 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 net margin of 15.07% and a return on equity of 34.12%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same period in the previous year, the firm earned $4.08 EPS. American Express’s revenue was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AXP. Barclays upped their target price on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a report on Thursday, June 18th. Truist Financial boosted their price target on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Bank of America raised their price objective on shares of American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley reduced their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $372.84.

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.