Tocqueville Asset Management L.P. Buys Shares of 55,092 American Express Company $AXP

Tocqueville Asset Management L.P. purchased a new position in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 55,092 shares of the payment services company’s stock, valued at approximately $18,635,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Evolution Wealth Management Inc. grew its position 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 worth $25,000 after acquiring an additional 66 shares in the last quarter. Joseph Group Capital Management bought a new position in American Express in the fourth quarter valued at $26,000. Sfam LLC purchased a new stake in American Express during the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express during the fourth quarter valued at about $28,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in American Express during the third quarter worth about $28,000. Hedge funds and other institutional investors own 84.33% of the company’s stock.

American Express Stock Performance

American Express stock opened at $339.90 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66. The firm has a market cap of $229.54 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.36 and a beta of 1.04. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The firm has a 50-day moving average of $342.72 and a 200-day moving average of $326.91.

American Express (NYSE:AXP) last announced its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 $19.64 billion for the quarter, compared to the consensus estimate of $19.70 billion. During the same quarter in the previous year, the business earned $4.08 EPS. American Express’s 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. Sell-side analysts expect that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Thursday, July 2nd were issued 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 payout ratio is 23.06%.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AXP shares. Guggenheim began coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating for the company. TD Cowen boosted their target price on American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a research report on Tuesday, July 7th. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Benchmark assumed coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Finally, Evercore set a $370.00 price target on shares of American Express in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Express 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.