American Express Company $AXP Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. boosted its stake in shares of American Express Company (NYSE:AXP) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 120,466 shares of the payment services company’s stock after purchasing an additional 5,959 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in American Express were worth $44,566,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp grew its position in American Express by 10.0% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 308 shares of the payment services company’s stock worth $105,000 after purchasing an additional 28 shares during the period. Capital Asset Advisory Services LLC grew its position in American Express by 2.4% during the 4th quarter. Capital Asset Advisory Services LLC now owns 1,214 shares of the payment services company’s stock worth $465,000 after purchasing an additional 28 shares during the period. Lantz Financial LLC grew its position in American Express by 3.6% during the 4th quarter. Lantz Financial LLC now owns 808 shares of the payment services company’s stock worth $299,000 after purchasing an additional 28 shares during the period. Walkner Condon Financial Advisors LLC grew its position in American Express by 2.1% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,378 shares of the payment services company’s stock worth $458,000 after purchasing an additional 29 shares during the period. Finally, Financial Management Network Inc. grew its position in American Express by 0.8% during the 4th quarter. Financial Management Network Inc. now owns 3,740 shares of the payment services company’s stock worth $1,394,000 after purchasing an additional 29 shares during the period. 84.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group reaffirmed a “neutral” rating and set a $395.00 price target on shares of American Express in a research report on Wednesday, February 4th. Truist Financial lowered their target price on shares of American Express from $400.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Weiss Ratings lowered shares of American Express from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. lowered their target price on shares of American Express from $375.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Finally, Barclays lowered their target price on shares of American Express from $323.00 to $322.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Express has a consensus rating of “Hold” and a consensus target price of $357.47.

American Express Trading Up 0.1%

AXP stock opened at $313.69 on Monday. The company’s 50-day simple moving average is $310.73 and its 200-day simple moving average is $342.28. The company has a quick ratio of 1.56, a current ratio of 1.57 and a debt-to-equity ratio of 1.73. American Express Company has a 52-week low of $281.46 and a 52-week high of $387.49. The firm has a market cap of $214.04 billion, a P/E ratio of 19.57, a PEG ratio of 1.27 and a beta of 1.08.

American Express (NYSE:AXP) last issued its quarterly earnings results on Thursday, April 23rd. The payment services company reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $0.27. The firm had revenue of $14.22 billion for the quarter, compared to analyst estimates of $18.60 billion. American Express had a net margin of 15.13% and a return on equity of 33.95%. American Express’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $3.64 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts forecast that American Express Company will post 17.59 EPS for the current fiscal year.

American Express Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 3rd were paid a $0.95 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $3.80 dividend on an annualized basis and a yield of 1.2%. This is a boost from American Express’s previous quarterly dividend of $0.82. American Express’s dividend payout ratio is 23.71%.

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.