Clifford Swan Investment Counsel LLC Has $40.18 Million Position in American Express Company $AXP

Clifford Swan Investment Counsel LLC cut its position in shares of American Express Company (NYSE:AXP) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,790 shares of the payment services company’s stock after selling 1,779 shares during the quarter. American Express accounts for 1.3% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 17th biggest holding. Clifford Swan Investment Counsel LLC’s holdings in American Express were worth $40,181,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of American Express during the second quarter valued at approximately $14,208,662,000. State Street Corp boosted its stake in American Express by 1.3% during the fourth quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares in the last quarter. Fisher Asset Management LLC boosted its stake in American Express by 1.6% during the fourth quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares in the last quarter. Bank of America Corp DE increased its holdings in American Express by 8.4% in the 2nd quarter. Bank of America Corp DE now owns 7,969,555 shares of the payment services company’s stock valued at $2,695,702,000 after buying an additional 614,981 shares during the period. Finally, Capital World Investors increased its holdings in American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after buying an additional 2,393,340 shares during the period. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Piper Sandler raised their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. TD Cowen upped their target price on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Jefferies Financial Group raised shares of American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. Morgan Stanley decreased their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Finally, UBS Group lowered their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

NYSE AXP opened at $330.61 on Tuesday. The firm has a market cap of $223.26 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.35 and a beta of 1.04. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The company has a 50 day moving average of $342.71 and a 200-day moving average of $325.72.

American Express (NYSE:AXP) last released its quarterly 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 $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the firm posted $4.08 EPS. The business’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. On average, equities analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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

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.