Conway Capital Management Inc. Acquires New Position in American Express Company $AXP

Conway Capital Management Inc. purchased a new stake in shares of American Express Company (NYSE:AXP) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,625 shares of the payment services company’s stock, valued at approximately $1,226,000. American Express accounts for about 0.5% of Conway Capital Management Inc.’s portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Flputnam Investment Management Co. purchased a new stake in American Express in the 2nd quarter valued at approximately $12,879,000. Keybank National Association OH lifted its position in American Express by 3.0% during the fourth quarter. Keybank National Association OH now owns 359,261 shares of the payment services company’s stock worth $132,909,000 after buying an additional 10,495 shares during the period. Swiss Life Asset Management Ltd grew its holdings in 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 purchasing an additional 35,533 shares during the period. Peapack Gladstone Financial Corp grew its stake in shares of American Express by 6.2% during the 4th quarter. Peapack Gladstone Financial Corp now owns 65,997 shares of the payment services company’s stock valued at $24,416,000 after buying an additional 3,855 shares during the period. Finally, Thames Capital Management LLC increased its stake in American Express by 189.6% during the fourth quarter. Thames Capital Management LLC now owns 80,463 shares of the payment services company’s stock worth $29,767,000 after acquiring an additional 52,679 shares during the last quarter. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price target on shares of American Express from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. TD Cowen increased their price target on American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Royal Bank Of Canada lowered shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research report on Monday, July 13th. Finally, DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Express has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Performance

AXP stock opened at $336.50 on Tuesday. The company has a 50-day simple moving average of $341.81 and a 200 day simple moving average of $327.17. 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 company has a market capitalization of $227.24 billion, a P/E ratio of 20.42, a PEG ratio of 1.38 and a beta of 1.04. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49.

American Express (NYSE:AXP) last posted its quarterly earnings data 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. American Express had a net margin of 15.07% and a return on equity of 34.12%. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the business earned $4.08 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Sell-side analysts predict that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is currently 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.