Palisade Capital Management LP Makes New $1.09 Million Investment in American Express Company $AXP

Palisade Capital Management LP purchased a new stake in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,234 shares of the payment services company’s stock, valued at approximately $1,094,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Total Clarity Wealth Management Inc. lifted its position in shares of American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after buying an additional 29 shares during the last quarter. Dover Advisors LLC lifted its holdings in American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock valued at $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC lifted its holdings in American Express by 3.9% during the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock valued at $258,000 after purchasing an additional 29 shares during the last quarter. Strait & Sound Wealth Management LLC boosted its position in American Express by 2.7% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after purchasing an additional 30 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in American Express by 3.6% during the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock worth $263,000 after purchasing an additional 30 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Price Performance

AXP stock opened at $336.32 on Thursday. The company’s 50-day moving average price is $343.05 and its two-hundred day moving average price is $326.31. The firm has a market cap of $227.12 billion, a P/E ratio of 20.41, a P/E/G 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 Company has a 12 month low of $290.97 and a 12 month high of $387.49.

American Express (NYSE:AXP) last posted 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 net margin of 15.07% and a return on equity of 34.12%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently declared 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 was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s dividend payout ratio (DPR) is presently 23.06%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group lowered their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Piper Sandler raised their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. BTIG Research dropped their price objective on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. 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 research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $328.00 to $400.00 in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Express has a consensus rating of “Moderate Buy” and an average 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.