Clifford Swan Investment Counsel LLC Sells 1,779 Shares of American Express Company $AXP

Clifford Swan Investment Counsel LLC decreased its holdings in shares of American Express Company (NYSE:AXP) by 1.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 118,790 shares of the payment services company’s stock after selling 1,779 shares during the period. American Express accounts for about 1.3% of Clifford Swan Investment Counsel LLC’s portfolio, making the stock its 17th biggest position. Clifford Swan Investment Counsel LLC’s holdings in American Express were worth $40,181,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Evolution Wealth Management Inc. raised its position in shares of American Express by 6,600.0% during 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 last quarter. Archer Investment Corp bought a new position in shares of American Express in the 2nd quarter worth $25,000. Sfam LLC acquired a new stake in shares of American Express during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express in the fourth quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in American Express in the third quarter valued at about $28,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AXP. Benchmark initiated coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. TD Cowen boosted their price objective on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Barclays upped their target price on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Piper Sandler lifted their price target on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Loop Capital initiated coverage on shares of American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.32.

American Express Stock Down 0.8%

AXP stock opened at $330.61 on Tuesday. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The business has a 50 day moving average price of $342.71 and a two-hundred day moving average price of $325.72. The company has a market cap of $223.26 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.35 and a beta of 1.04. American Express Company has a twelve month low of $290.97 and a twelve month high of $387.49.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $19.64 billion for the quarter, compared to analysts’ expectations of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

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

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.