Employees Retirement System of Texas Has $71.40 Million Stake in American Express Company $AXP

Employees Retirement System of Texas reduced its stake in American Express Company (NYSE:AXP) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,000 shares of the payment services company’s stock after selling 3,400 shares during the period. Employees Retirement System of Texas’ holdings in American Express were worth $71,400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Joseph Group Capital Management acquired a new stake in shares of American Express during the 4th quarter worth $26,000. Valley Wealth Managers Inc. lifted its position in American Express by 153.3% during the third quarter. Valley Wealth Managers Inc. now owns 76 shares of the payment services company’s stock worth $25,000 after purchasing an additional 46 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in American Express during the third quarter worth about $28,000. Guerra Advisors Inc bought a new position in American Express in the 3rd quarter valued at about $28,000. Finally, Torren Management LLC acquired a new position in shares of American Express in the 4th quarter valued at approximately $32,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Stock Down 0.3%

Shares of AXP opened at $310.89 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.56 and a current ratio of 1.57. American Express Company has a 52 week low of $286.15 and a 52 week high of $387.49. The stock has a market capitalization of $212.13 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.27 and a beta of 1.08. The stock has a fifty day moving average of $311.77 and a 200-day moving average of $339.81.

American Express (NYSE:AXP) last issued its quarterly earnings data on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.01 by $0.27. The business had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. American Express had a return on equity of 33.95% and a net margin of 15.13%.American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.59 earnings per share for the current fiscal year.

American Express Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 3rd were paid a $0.95 dividend. This is an increase from American Express’s previous quarterly dividend of $0.82. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. American Express’s payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AXP. Evercore set a $345.00 price target on shares of American Express in a report on Wednesday, April 29th. Royal Bank Of Canada set a $415.00 price objective on shares of American Express in a research report on Friday, April 10th. Loop Capital began coverage on American Express in a report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price on the stock. Bank of America lifted their price target on American Express from $381.00 to $387.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Morgan Stanley lowered their price target on American Express from $395.00 to $385.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American Express has a consensus rating of “Hold” and a consensus price target of $359.05.

American Express 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.