17,234 Shares in American Express Company $AXP Acquired by EFG International AG

EFG International AG bought a new stake in American Express Company (NYSE:AXP) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 17,234 shares of the payment services company’s stock, valued at approximately $5,829,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. raised its holdings in shares of American Express by 3.4% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after purchasing an additional 29 shares in the last quarter. Dover Advisors LLC lifted its position in shares of American Express by 0.4% during the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after purchasing an additional 29 shares during the last quarter. Invenio Wealth Partners LLC grew its stake in shares of American Express by 3.9% during the third quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after purchasing an additional 29 shares in the last quarter. Strait & Sound Wealth Management LLC grew its stake in shares of American Express by 2.7% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 1,137 shares of the payment services company’s stock worth $421,000 after purchasing an additional 30 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its holdings in American Express by 3.6% in the first quarter. Onyx Bridge Wealth Group LLC now owns 869 shares of the payment services company’s stock valued at $263,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 84.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AXP shares. HSBC raised 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. Benchmark assumed coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. BTIG Research cut their target price on American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a research report on Monday, July 27th. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Finally, Truist Financial upped their price target on American Express from $360.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Express has an average rating of “Moderate Buy” and an average target price of $373.32.

American Express Price Performance

Shares of AXP opened at $336.14 on Wednesday. American Express Company has a 1-year low of $290.97 and a 1-year high of $387.49. The stock has a market cap of $227.00 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.37 and a beta of 1.04. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54. The firm has a fifty day moving average price of $343.13 and a 200 day moving average price of $326.44.

American Express (NYSE:AXP) last released its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.12. The company had revenue of $19.64 billion during the quarter, compared to the consensus estimate of $19.70 billion. American Express had a net margin of 15.07% and a return on equity of 34.12%. American Express’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.08 earnings per share. 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 EPS for the current year.

American Express Announces Dividend

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