Cullen Capital Management LLC Takes $5.04 Million Position in American Express Company $AXP

Cullen Capital Management LLC bought a new position in American Express Company (NYSE:AXP) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 14,915 shares of the payment services company’s stock, valued at approximately $5,045,000.

Several other hedge funds have also added to or reduced their stakes in AXP. Evolution Wealth Management Inc. boosted 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 valued at $25,000 after buying an additional 66 shares during the period. Joseph Group Capital Management purchased a new position in shares of American Express in the fourth quarter worth about $26,000. Sfam LLC bought a new stake in shares of American Express in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in American Express during the 4th quarter valued at about $28,000. Finally, Wilkerson Advisory Group LLC bought a new position in American Express during the 4th quarter worth approximately $29,000. 84.33% of the stock is owned by institutional investors.

American Express Stock Up 0.4%

Shares of NYSE:AXP opened at $337.38 on Tuesday. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49. The firm has a market capitalization of $227.84 billion, a P/E ratio of 20.47, a P/E/G ratio of 1.36 and a beta of 1.04. The stock has a 50 day moving average price of $343.23 and a 200-day moving average price of $326.56. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55.

American Express (NYSE:AXP) last released its quarterly earnings results 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 $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities research analysts anticipate that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.95 per share. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

A number of equities analysts have commented on AXP shares. Piper Sandler boosted their price objective on American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Evercore set a $370.00 target price on shares of American Express in a report on Monday, July 27th. JPMorgan Chase & Co. raised shares of American Express from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $328.00 to $400.00 in a research note on Monday, July 13th. Guggenheim began coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating for the company. Finally, Benchmark started coverage on shares of American Express in a research report on Monday, July 13th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $373.32.

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.