JLB & Associates Inc. Makes New Investment in American Express Company $AXP

JLB & Associates Inc. bought a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,081 shares of the payment services company’s stock, valued at approximately $7,807,000.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in American Express in the second quarter valued at approximately $14,208,662,000. Norges Bank acquired a new stake in American Express during the 4th quarter worth $2,464,215,000. Bank of New York Mellon Corp bought a new stake in shares of American Express during the 2nd quarter valued at $1,263,787,000. Deutsche Bank AG bought a new stake in shares of American Express during the 2nd quarter valued at $927,950,000. Finally, Capital World Investors lifted its stake in shares of American Express by 46.7% in the 4th quarter. Capital World Investors now owns 7,515,675 shares of the payment services company’s stock valued at $2,780,424,000 after purchasing an additional 2,393,340 shares during the period. Institutional investors own 84.33% of the company’s stock.

American Express Trading Up 0.6%

Shares of NYSE AXP opened at $338.10 on Wednesday. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49. The stock has a market cap of $228.32 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.38 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. The company’s fifty day moving average is $342.20 and its 200-day moving average is $327.04.

American Express (NYSE:AXP) last released 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. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.08 EPS. 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 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. The ex-dividend date of this dividend 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 currently 23.06%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. DZ Bank upgraded 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. UBS Group dropped their price objective on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Bank of America increased their target price on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Finally, Guggenheim initiated coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Express has a consensus rating of “Moderate Buy” and an average target price of $373.32.

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.