Mill Capital Management LLC Invests $41.10 Million in American Express Company $AXP

Mill Capital Management LLC purchased a new position in American Express Company (NYSE:AXP) during the second quarter, Holdings Channel reports. The firm purchased 121,505 shares of the payment services company’s stock, valued at approximately $41,099,000. American Express accounts for 2.7% of Mill Capital Management LLC’s portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXP. Evolution Wealth Management Inc. lifted 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 purchasing an additional 66 shares during the period. Joseph Group Capital Management bought a new position in American Express in the 4th quarter valued at about $26,000. Sfam LLC bought a new position in American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Express in the 4th quarter valued at approximately $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of American Express in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 84.33% of the company’s stock.

More American Express News

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

Analyst Ratings Changes

Several analysts recently issued reports on AXP shares. Benchmark began coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Royal Bank Of Canada downgraded shares of American Express from a “moderate buy” rating to a “hold” rating in a research report on Monday, July 13th. Bank of America upped their target price on American Express from $387.00 to $391.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Morgan Stanley reduced their target price on American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a report on Monday, July 27th. Finally, HSBC lifted their price target on American Express from $312.00 to $329.00 and gave the company a “hold” rating in a research note on Monday, July 13th. One research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $373.32.

American Express Stock Down 0.4%

Shares of AXP opened at $342.27 on Friday. American Express Company has a 52 week low of $290.97 and a 52 week high of $387.49. The stock has a market capitalization of $231.14 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.39 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a fifty day moving average of $341.33 and a 200-day moving average of $327.58.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.American Express’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $4.08 EPS. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, sell-side analysts anticipate that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

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