Cullinan Associates Inc. Has $13.12 Million Holdings in American Express Company $AXP

Cullinan Associates Inc. lessened its position in American Express Company (NYSE:AXP) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,796 shares of the payment services company’s stock after selling 1,744 shares during the quarter. American Express comprises about 1.0% of Cullinan Associates Inc.’s investment portfolio, making the stock its 26th biggest position. Cullinan Associates Inc.’s holdings in American Express were worth $13,123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Evolution Wealth Management Inc. lifted 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 worth $25,000 after purchasing an additional 66 shares during the last quarter. Archer Investment Corp bought a new stake in American Express during the 2nd quarter valued at approximately $25,000. Sfam LLC acquired a new stake in American Express in the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Express in the 4th quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in American Express in the 3rd quarter worth approximately $28,000. 84.33% of the stock is owned by institutional investors and hedge funds.

American Express Trading Down 0.2%

Shares of AXP opened at $333.64 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 stock has a market cap of $225.31 billion, a PE ratio of 20.25, a PEG ratio of 1.35 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 stock has a 50 day simple moving average of $342.85 and a 200-day simple moving average of $326.18.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion during the quarter, compared to analyst estimates 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 for the quarter was up 10.0% compared to the same quarter last year. During the same period 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, sell-side analysts predict 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. Investors of record on Thursday, July 2nd were issued 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 (DPR) is currently 23.06%.

Analyst Ratings Changes

AXP has been the subject of several research reports. HSBC increased their price objective on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Barclays boosted their price target on American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. BTIG Research cut their price target on American Express from $324.00 to $315.00 and set a “sell” rating for the company in a report on Monday, July 27th. Loop Capital assumed coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price objective on the stock. Finally, Bank of America boosted their price objective on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently 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.