Fulton Bank N.A. Purchases 1,569 Shares of American Express Company $AXP

Fulton Bank N.A. boosted its position in shares of American Express Company (NYSE:AXP) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,461 shares of the payment services company’s stock after purchasing an additional 1,569 shares during the quarter. Fulton Bank N.A.’s holdings in American Express were worth $3,877,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in shares of American Express by 24.4% during the 4th quarter. Brighton Jones LLC now owns 6,481 shares of the payment services company’s stock worth $1,924,000 after purchasing an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC grew its stake in American Express by 13.0% in the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after purchasing an additional 200 shares during the last quarter. Schnieders Capital Management LLC. bought a new position in American Express in the second quarter worth about $428,000. Howland Capital Management LLC lifted its position in shares of American Express by 4.2% during the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after buying an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its position in shares of American Express by 19.9% during the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after buying an additional 481 shares during the last quarter. 84.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AXP. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. Evercore set a $370.00 price target on shares of American Express in a report on Monday, July 27th. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Thursday, June 18th. 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. Finally, Benchmark initiated coverage on American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $372.84.

American Express Stock Down 0.7%

Shares of AXP stock opened at $338.54 on Tuesday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The firm has a market capitalization of $228.62 billion, a PE ratio of 20.54, a P/E/G ratio of 1.37 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock’s 50-day simple moving average is $338.61 and its 200-day simple moving average is $327.91.

American Express (NYSE:AXP) last issued its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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

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.