Puzo Michael J Acquires Shares of 19,362 American Express Company $AXP

Puzo Michael J bought a new stake in American Express Company (NYSE:AXP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 19,362 shares of the payment services company’s stock, valued at approximately $6,549,000. American Express comprises approximately 1.7% of Puzo Michael J’s holdings, making the stock its 25th largest holding.

Other hedge funds have also made changes to their positions in the company. Evolution Wealth Management Inc. increased its position in American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Joseph Group Capital Management acquired a new stake in American Express during the 4th quarter worth approximately $26,000. Sfam LLC purchased a new position in shares of American Express in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of American Express in the 4th quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Key American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

American Express Stock Performance

Shares of AXP stock opened at $339.90 on Thursday. The company has a market cap of $229.54 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. The stock has a 50 day simple moving average of $342.72 and a 200-day simple moving average of $326.91. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. 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 (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 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 $19.64 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the firm earned $4.08 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts forecast that American Express Company will post 17.67 EPS for the current year.

American Express Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays upped their price target on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Truist Financial lifted their price objective on shares of American Express from $360.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Express in a research note on Monday, July 13th. TD Cowen upped their price objective on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upgraded shares of American Express from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

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.