CX Institutional Buys 2,488 Shares of American Express Company $AXP

CX Institutional boosted its stake in American Express Company (NYSE:AXP) by 6.7% during the second quarter, Holdings Channel.com reports. The firm owned 39,810 shares of the payment services company’s stock after buying an additional 2,488 shares during the period. CX Institutional’s holdings in American Express were worth $13,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of American Express by 1.3% in the fourth 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 boosted its position in American Express by 1.6% during the 4th quarter. Fisher Asset Management LLC now owns 9,023,482 shares of the payment services company’s stock valued at $3,338,238,000 after buying an additional 141,936 shares during the period. Bank of America Corp DE boosted its position in American Express by 7.7% during the 4th quarter. Bank of America Corp DE now owns 7,850,298 shares of the payment services company’s stock valued at $2,904,218,000 after buying an additional 558,533 shares during the period. Capital World Investors grew its holdings 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 worth $2,780,424,000 after acquiring an additional 2,393,340 shares during the last quarter. Finally, Norges Bank bought a new stake in American Express in the 4th quarter worth $2,464,215,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

Shares of AXP opened at $344.39 on Tuesday. The company has a 50-day simple moving average of $335.62 and a two-hundred day simple moving average of $328.46. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a market capitalization of $232.57 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.04. American Express Company has a one year low of $290.63 and a one year high of $387.49.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping analysts’ consensus estimates of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the prior year, the business earned $4.08 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, 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 will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be given a dividend of $0.95 per share. The ex-dividend date is Thursday, July 2nd. This represents a $3.80 annualized dividend and a dividend yield of 1.1%. American Express’s payout ratio is currently 23.06%.

Analysts Set New Price Targets

Several equities analysts have recently commented on AXP shares. Piper Sandler downgraded shares of American Express from an “overweight” rating to a “hold” rating in a research note on Monday, July 13th. Truist Financial raised their target price on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Bank of America boosted their price target on American Express from $387.00 to $391.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Guggenheim began coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. Finally, Morgan Stanley dropped their price objective on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Express has an average rating of “Moderate Buy” and an average price target of $372.84.

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.