30,162 American Express Company $AXP Shares Purchased by Vest Financial LLC

Vest Financial LLC raised its holdings in shares of American Express Company (NYSE:AXP) by 14.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 233,152 shares of the payment services company’s stock after buying an additional 30,162 shares during the period. Vest Financial LLC’s holdings in American Express were worth $70,902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of American Express in the second quarter worth $14,208,662,000. State Street Corp boosted its holdings in American Express by 40.2% during the second quarter. State Street Corp now owns 40,967,262 shares of the payment services company’s stock worth $13,857,176,000 after purchasing an additional 11,739,541 shares during the last quarter. Bank of America Corp DE grew its position in American Express by 8.4% in the second 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 purchasing an additional 614,981 shares in the last quarter. Corient Private Wealth LP bought a new position in American Express in the second quarter valued at $253,945,000. Finally, Bank of New York Mellon Corp acquired a new stake in American Express in the 2nd quarter valued at $1,263,787,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE AXP opened at $323.67 on Thursday. 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 business’s 50 day moving average price is $319.81 and its two-hundred day moving average price is $325.86. The company has a market cap of $218.58 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.36 and a beta of 1.08. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) 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 company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the firm posted $4.08 earnings per share. 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, analysts predict that American Express Company will post 17.65 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s dividend payout ratio (DPR) is currently 23.06%.

Analysts Set New Price Targets

AXP has been the topic of several analyst reports. The Goldman Sachs Group boosted their price target on shares of American Express from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Piper Sandler increased their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. HSBC increased their price objective on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a report on Monday, July 13th. President Capital raised their target price on shares of American Express from $359.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Loop Capital lowered their target price on shares of American Express from $389.00 to $386.00 and set a “buy” rating on the stock in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $365.63.

American Express Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.