28,735 Shares in American Express Company $AXP Bought by Shelter Mutual Insurance Co

Shelter Mutual Insurance Co acquired a new stake in shares of American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 28,735 shares of the payment services company’s stock, valued at approximately $9,720,000. American Express comprises about 2.1% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds also recently bought and sold shares of AXP. Brighton Jones LLC lifted its holdings 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 valued at $1,924,000 after buying an additional 1,273 shares during the last quarter. Sivia Capital Partners LLC raised its position in American Express by 13.0% during the second quarter. Sivia Capital Partners LLC now owns 1,738 shares of the payment services company’s stock valued at $554,000 after acquiring an additional 200 shares in the last quarter. Schnieders Capital Management LLC. bought a new position in American Express during the second quarter valued at approximately $428,000. Howland Capital Management LLC lifted its stake in American Express by 4.2% in the second quarter. Howland Capital Management LLC now owns 2,216 shares of the payment services company’s stock valued at $707,000 after acquiring an additional 90 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its stake in American Express by 19.9% in the second quarter. HUB Investment Partners LLC now owns 2,898 shares of the payment services company’s stock valued at $924,000 after acquiring an additional 481 shares during the last quarter. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Price Performance

Shares of American Express stock opened at $336.00 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a fifty day simple moving average of $343.19 and a 200-day simple moving average of $326.83. The stock has a market capitalization of $226.90 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.34 and a beta of 1.04. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 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%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, sell-side analysts expect that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, July 2nd. American Express’s payout ratio is currently 23.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AXP. Benchmark started coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. Piper Sandler lifted their price objective on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Express in a report on Monday, July 13th. Morgan Stanley lowered their target price on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Finally, Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research report on Monday, July 13th. 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.