Sapient Capital LLC Increases Stock Position in American Express Company $AXP

Sapient Capital LLC grew its holdings in American Express Company (NYSE:AXP) by 37.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,486 shares of the payment services company’s stock after purchasing an additional 2,043 shares during the quarter. Sapient Capital LLC’s holdings in American Express were worth $2,264,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Evolution Wealth Management Inc. increased its position 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 buying an additional 66 shares in the last quarter. Joseph Group Capital Management acquired a new position in shares of American Express in the fourth quarter worth $26,000. Sfam LLC purchased a new stake in shares of American Express in the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express in the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of American Express during the third quarter valued at $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Stock Performance

NYSE AXP opened at $344.39 on Tuesday. The business’s 50-day moving average price is $335.62 and its 200 day moving average price is $328.46. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. American Express Company has a twelve month low of $290.63 and a twelve month high of $387.49. The company 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 (NYSE:AXP) last posted its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. American Express had a return on equity of 34.12% and a net margin of 15.07%.The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 EPS. The firm’s revenue 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, research analysts predict that American Express Company will post 17.67 earnings per share for the current year.

American Express Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, July 2nd. American Express’s payout ratio is presently 23.06%.

Analysts Set New Price Targets

A number of analysts recently commented on AXP shares. Barclays boosted their target price on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Truist Financial raised their price target on shares of American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Guggenheim assumed coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Piper Sandler lowered shares of American Express from an “overweight” rating to a “hold” rating in a research report on Monday, July 13th. Finally, TD Cowen upped their price objective on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. One investment 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.