Trust Co. of Vermont Takes Position in American Express Company $AXP

Trust Co. of Vermont purchased a new stake in American Express Company (NYSE:AXP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 24,582 shares of the payment services company’s stock, valued at approximately $8,315,000.

A number of other hedge funds also recently bought and sold shares of AXP. State Street Corp raised its stake in shares of American Express by 1.3% during the 4th 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 grew its stake in American Express by 1.6% in 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 acquiring an additional 141,936 shares during the period. Bank of America Corp DE grew its stake in American Express by 7.7% in 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 acquiring an additional 558,533 shares during the period. Capital World Investors increased 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 in the last quarter. Finally, Norges Bank purchased a new stake in American Express in the 4th quarter worth $2,464,215,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Trading Down 1.7%

Shares of AXP stock opened at $336.50 on Tuesday. American Express Company has a fifty-two week low of $290.97 and a fifty-two week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock’s fifty day moving average is $341.81 and its two-hundred day moving average is $327.17. The firm has a market capitalization of $227.24 billion, a P/E ratio of 20.42, a PEG ratio of 1.38 and a beta of 1.04.

American Express (NYSE:AXP) last released its earnings results 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 business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Research analysts expect that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were paid 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 currently 23.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AXP shares. Benchmark assumed coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. Truist Financial upped their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. DZ Bank raised shares of American Express from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, June 18th. Morgan Stanley decreased 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 note on Monday, July 27th. Finally, Guggenheim started coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.