99,114 Shares in American Express Company $AXP Acquired by Port Capital LLC

Port Capital LLC purchased a new position in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 99,114 shares of the payment services company’s stock, valued at approximately $33,525,000. American Express accounts for 1.4% of Port Capital LLC’s portfolio, making the stock its 28th biggest holding.

Several other large investors also recently bought and sold shares of AXP. BlackRock Inc. acquired a new position in shares of American Express during the second quarter worth $14,208,662,000. State Street Corp increased its stake in American Express by 1.3% during the 4th quarter. State Street Corp now owns 29,464,868 shares of the payment services company’s stock worth $10,900,528,000 after buying an additional 369,967 shares during the period. Fisher Asset Management LLC lifted its holdings in American Express by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock worth $3,338,238,000 after buying an additional 141,936 shares in the last quarter. Bank of America Corp DE lifted its holdings in American Express by 7.7% in the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock worth $2,904,218,000 after buying an additional 558,533 shares in the last quarter. Finally, Capital World Investors boosted its position in 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 buying an additional 2,393,340 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

American Express Price Performance

AXP opened at $336.32 on Thursday. The company has a 50-day moving average of $343.05 and a 200-day moving average of $326.31. The company has a market capitalization of $227.12 billion, a P/E ratio of 20.41, a PEG ratio of 1.36 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. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last issued its quarterly 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 business had revenue of $19.64 billion for 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 company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $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 EPS for the current fiscal year.

American Express Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. DZ Bank raised American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research report on Thursday, June 18th. Truist Financial increased their price target on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. BTIG Research lowered their price objective on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research note on Monday, July 27th. TD Cowen lifted their price objective on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Finally, HSBC upped their target price on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Company 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.