GAMMA Investing LLC Has $5.42 Million Stock Holdings in American Express Company $AXP

GAMMA Investing LLC increased its position in American Express Company (NYSE:AXP) by 13.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,011 shares of the payment services company’s stock after purchasing an additional 1,918 shares during the quarter. GAMMA Investing LLC’s holdings in American Express were worth $5,416,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AXP. Evolution Wealth Management Inc. increased its position in American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares during the last quarter. Joseph Group Capital Management bought a new stake in American Express in the fourth quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of American Express during the 3rd quarter worth approximately $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

Shares of NYSE AXP opened at $347.20 on Wednesday. The firm has a market cap of $234.47 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 1.39 and a beta of 1.04. The business’s 50 day moving average is $336.35 and its 200-day moving average is $328.39. 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 $290.63 and a 1-year high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $19.70 billion. During the same period in the previous year, the company posted $4.08 EPS. The firm’s quarterly 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. Equities research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd will be given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s payout ratio is presently 23.06%.

Analyst Upgrades and Downgrades

AXP has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. TD Cowen increased their price objective on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Finally, Truist Financial raised their target price on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Express presently has a consensus rating of “Moderate Buy” and an average price target of $372.84.

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.