Stanley Capital Management LLC Makes New $16.52 Million Investment in American Express Company $AXP

Stanley Capital Management LLC bought a new position in shares of American Express Company (NYSE:AXP) during the 2nd quarter, Holdings Channel.com reports. The fund bought 48,830 shares of the payment services company’s stock, valued at approximately $16,517,000. American Express accounts for 2.2% of Stanley Capital Management LLC’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EFG International AG bought a new stake in shares of American Express in the second quarter valued at approximately $5,829,000. Ancora Advisors LLC bought a new position in American Express during the 2nd quarter worth $556,000. PDT Partners LLC bought a new position in American Express during the 2nd quarter worth $1,285,000. Palisade Capital Management LP acquired a new position in American Express in the 2nd quarter valued at $1,094,000. Finally, Canada Pension Plan Investment Board bought a new stake in shares of American Express during the 2nd quarter valued at $343,468,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

American Express stock opened at $336.14 on Wednesday. The stock has a market capitalization of $227.00 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.37 and a beta of 1.04. The stock’s 50 day moving average price is $343.13 and its two-hundred day moving average price is $326.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP) last announced its quarterly 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 business had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities 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 disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. 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 dividend payout ratio is 23.06%.

Wall Street Analysts Forecast Growth

AXP has been the topic of a number of recent analyst reports. Bank of America raised their price target on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Barclays increased their price objective on shares of American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Evercore set a $370.00 price objective on American Express in a research report on Monday, July 27th. Finally, Loop Capital started coverage on shares of American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

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.