2,423 Shares in American Express Company $AXP Bought by LM Advisors LLC

LM Advisors LLC purchased a new stake in shares of American Express Company (NYSE:AXP) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,423 shares of the payment services company’s stock, valued at approximately $819,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Flputnam Investment Management Co. purchased a new position in American Express during the second quarter valued at approximately $12,879,000. Keybank National Association OH raised its position in shares of American Express by 3.0% during the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after purchasing an additional 10,495 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of American Express by 34.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after purchasing an additional 35,533 shares during the period. Peapack Gladstone Financial Corp lifted its stake in shares of American Express by 6.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after buying an additional 3,855 shares in the last quarter. Finally, Thames Capital Management LLC boosted its holdings in American Express by 189.6% in the 4th quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock worth $29,767,000 after buying an additional 52,679 shares during the period. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Up 1.5%

AXP opened at $336.00 on Friday. The firm has a 50-day simple moving average of $343.19 and a two-hundred day simple moving average of $326.83. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The company has a market capitalization of $226.90 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The company 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. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AXP shares. Bank of America increased their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. TD Cowen increased their target price on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Loop Capital initiated coverage on American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 target price on the stock. Evercore set a $370.00 price target on American Express in a research note on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Express has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

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.