M. Kulyk & Associates LLC Purchases Shares of 39,902 American Express Company $AXP

M. Kulyk & Associates LLC acquired a new position in shares of American Express Company (NYSE:AXP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,902 shares of the payment services company’s stock, valued at approximately $13,497,000. American Express comprises 2.2% of M. Kulyk & Associates LLC’s holdings, making the stock its 10th largest position.

Several other hedge funds also recently modified their holdings of AXP. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% during the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock worth $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new position in American Express during the fourth quarter valued at approximately $26,000. Sfam LLC bought a new position in American Express in the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the fourth quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express during the 3rd quarter worth approximately $28,000. Institutional investors own 84.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AXP. Bank of America upped their price objective on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Freedom Capital upgraded shares of American Express from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Morgan Stanley dropped their price target on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Royal Bank Of Canada cut shares of American Express from a “moderate buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, BTIG Research decreased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Performance

NYSE AXP opened at $338.10 on Wednesday. The firm has a 50-day moving average price of $342.20 and a two-hundred day moving average price of $327.04. American Express Company has a 12-month low of $290.97 and a 12-month high of $387.49. The company has a market capitalization 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 company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last announced its earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, topping the consensus estimate of $4.41 by $0.12. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $19.70 billion. During the same period last year, the firm earned $4.08 earnings per share. 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. Analysts anticipate that American Express Company will post 17.67 earnings per share for the current year.

American Express Announces Dividend

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