Clear Harbor Asset Management LLC Takes Position in American Express Company $AXP

Clear Harbor Asset Management LLC purchased a new stake in American Express Company (NYSE:AXP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,985 shares of the payment services company’s stock, valued at approximately $1,348,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AXP. Cornerstone Advisory LLC grew its position in shares of American Express by 2.9% during the 4th quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock worth $376,000 after buying an additional 29 shares in the last quarter. Total Clarity Wealth Management Inc. raised its holdings in shares of American Express by 3.4% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after acquiring an additional 29 shares in the last quarter. Dover Advisors LLC lifted its stake in American Express by 0.4% in the fourth quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after acquiring an additional 29 shares during the period. Invenio Wealth Partners LLC lifted its stake in American Express by 3.9% in the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after acquiring an additional 29 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in American Express by 1.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock worth $1,172,000 after acquiring an additional 30 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Analyst Ratings Changes

AXP has been the topic of a number of research reports. Benchmark assumed coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. BTIG Research lowered their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating for the company in a research report on Monday, July 27th. Guggenheim began coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. 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 report on Wednesday, June 24th. Finally, Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. One 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 company. According to MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and a consensus price target of $373.32.

American Express Stock Up 1.5%

NYSE:AXP opened at $336.00 on Friday. The company’s 50-day simple moving average is $343.19 and its 200-day simple moving average is $326.83. 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 Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The stock has a market capitalization of $226.90 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.36 and a beta of 1.04.

American Express (NYSE:AXP) last posted its earnings results 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 company had revenue of $19.64 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%. American Express’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, equities analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued 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 was Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.06%.

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.