Equity Investment Corp Buys New Shares in American Express Company $AXP

Equity Investment Corp acquired a new stake in shares of American Express Company (NYSE:AXP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,495 shares of the payment services company’s stock, valued at approximately $1,182,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. raised its holdings in shares of American Express by 6,600.0% in the 4th quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after buying an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new stake in American Express in the 4th quarter valued at $26,000. Sfam LLC acquired a new stake in American Express in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in American Express in the fourth quarter valued at $28,000. Finally, Wilkerson Advisory Group LLC acquired a new position in American Express during the fourth quarter worth $29,000. Institutional investors own 84.33% of the company’s stock.

American Express Stock Up 0.6%

Shares of NYSE AXP opened at $338.10 on Wednesday. The stock has a market cap of $228.32 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.38 and a beta of 1.04. The firm has a 50 day moving average price of $342.20 and a 200 day moving average price of $327.04. 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 52-week low of $290.97 and a 52-week 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 the consensus estimate of $4.41 by $0.12. The firm had revenue of $14.99 billion for 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 company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

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

Wall Street Analyst Weigh In

AXP has been the topic of several research analyst reports. Freedom Capital raised shares of American Express from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Guggenheim initiated coverage on shares of American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Loop Capital assumed coverage on American Express in a research report on Thursday, May 21st. They set a “buy” rating and a $389.00 price target on the stock. The Goldman Sachs Group raised their price target on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Bank of America lifted 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Express currently has an average 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.