American Express Company $AXP Shares Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC lifted its stake in American Express Company (NYSE:AXP) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,442 shares of the payment services company’s stock after purchasing an additional 1,803 shares during the period. Stonebridge Financial Group LLC’s holdings in American Express were worth $5,223,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AXP. Evolution Wealth Management Inc. raised its holdings in American Express by 6,600.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 67 shares of the payment services company’s stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new position in shares of American Express during the fourth quarter worth $26,000. Sfam LLC acquired a new stake in American Express in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express during the 4th quarter worth about $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of American Express in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

Analyst Upgrades and Downgrades

AXP has been the subject of several recent analyst reports. UBS Group decreased their target price on American Express from $386.00 to $384.00 and set a “neutral” rating for the company in a research note on Monday. HSBC increased their target price on shares of American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research report on Monday, July 13th. Wells Fargo & Company decreased their price objective on shares of American Express from $425.00 to $415.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. The Goldman Sachs Group boosted their target price on American Express from $360.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Finally, Loop Capital started coverage on American Express in a research report on Thursday, May 21st. They issued a “buy” rating and a $389.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $372.84.

American Express Trading Up 2.4%

NYSE AXP opened at $344.39 on Tuesday. The firm’s fifty day moving average is $335.62 and its two-hundred day moving average is $328.46. American Express Company has a one year low of $290.63 and a one year 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 firm has a market cap of $232.57 billion, a PE ratio of 20.90, a P/E/G ratio of 1.36 and a beta of 1.04.

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

American Express Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd will be given 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 of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is presently 23.06%.

About American Express

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.