Grandfield & Dodd LLC Acquires Shares of 12,024 American Express Company $AXP

Grandfield & Dodd LLC purchased a new stake in American Express Company (NYSE:AXP) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,024 shares of the payment services company’s stock, valued at approximately $4,067,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of American Express in the second quarter valued at $14,208,662,000. State Street Corp lifted its holdings in American Express by 1.3% in the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock valued at $10,900,528,000 after buying an additional 369,967 shares during the period. Fisher Asset Management LLC boosted its position in shares of American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after purchasing an additional 141,936 shares during the last quarter. Bank of America Corp DE boosted its holdings in American Express by 7.7% during the fourth quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after buying an additional 558,533 shares during the last quarter. Finally, Capital World Investors boosted its stake in American Express by 46.7% during the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock worth $2,780,424,000 after acquiring an additional 2,393,340 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Ratings Changes

AXP has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Truist Financial increased their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Evercore set a $370.00 price target on American Express in a research note on Monday, July 27th. Loop Capital initiated coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. Finally, Freedom Capital raised American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

Shares of NYSE:AXP opened at $336.50 on Tuesday. The company’s 50 day moving average price is $341.81 and its two-hundred day moving average price is $327.17. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The firm has a market cap of $227.24 billion, a PE ratio of 20.42, a PEG ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter last year, the business posted $4.08 EPS. The company’s 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. Equities research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors 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 dividend yield of 1.1%. American Express’s payout ratio is 23.06%.

American Express Company 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.