American Express Company (NYSE:AXP) Receives Consensus Rating of “Moderate Buy” from Analysts

American Express Company (NYSE:AXP) has received a consensus rating of “Moderate Buy” from the twenty-four research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $372.8421.

A number of research analysts recently commented on AXP shares. Guggenheim began coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. Piper Sandler lowered American Express from an “overweight” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Loop Capital started coverage on American Express in a research note on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective on the stock. Finally, Royal Bank Of Canada lowered American Express from a “moderate buy” rating to a “hold” rating in a report on Monday, July 13th.

Hedge Funds Weigh In On American Express

Several hedge funds have recently made changes to their positions in AXP. Keybank National Association OH increased its stake in American Express by 3.0% in the 4th quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock valued at $132,909,000 after buying an additional 10,495 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in shares of American Express by 34.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 139,887 shares of the payment services company’s stock valued at $51,751,000 after acquiring an additional 35,533 shares during the last quarter. Country Trust Bank boosted its position in American Express by 14.0% during the fourth quarter. Country Trust Bank now owns 121,774 shares of the payment services company’s stock valued at $45,050,000 after purchasing an additional 14,931 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in American Express by 6.2% during the fourth quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock worth $24,416,000 after buying an additional 3,855 shares during the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. lifted its position in shares of American Express by 4.8% in the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 86,871 shares of the payment services company’s stock valued at $32,138,000 after buying an additional 4,008 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $342.86 on Friday. The firm has a 50-day moving average price of $337.63 and a 200 day moving average price of $328.17. The firm has a market capitalization of $231.54 billion, a PE ratio of 20.80, a P/E/G ratio of 1.41 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 has a 52-week low of $290.63 and a 52-week 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 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts anticipate that American Express will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

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