3,800 Shares in American Express Company $AXP Purchased by PDT Partners LLC

PDT Partners LLC purchased a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,800 shares of the payment services company’s stock, valued at approximately $1,285,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Evolution Wealth Management Inc. lifted its stake 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 during the last quarter. Joseph Group Capital Management purchased a new stake in shares of American Express in the 4th quarter valued at approximately $26,000. Sfam LLC acquired a new stake in shares of American Express in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Express during the 4th quarter worth $28,000. Finally, Wilkerson Advisory Group LLC purchased a new stake in shares of American Express during the 4th quarter worth $29,000. 84.33% of the stock is currently owned by hedge funds and other institutional investors.

American Express Trading Up 0.1%

NYSE:AXP opened at $336.32 on Thursday. The stock’s 50 day moving average price is $343.05 and its 200 day moving average price is $326.31. The company has a market capitalization of $227.12 billion, a PE ratio of 20.41, a P/E/G ratio of 1.36 and a beta of 1.04. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. American Express Company has a 52-week low of $290.97 and a 52-week high of $387.49.

American Express (NYSE:AXP) last released its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $19.64 billion for the quarter, compared to analyst estimates of $19.70 billion. During the same quarter last year, the company posted $4.08 earnings per share. The business’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 anticipate that American Express Company will post 17.67 EPS for the current year.

American Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders 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 dividend yield of 1.1%. American Express’s dividend payout ratio is currently 23.06%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AXP shares. Benchmark started coverage on American Express in a report on Monday, July 13th. They issued a “buy” rating on the stock. Loop Capital assumed coverage on American Express in a research note on Thursday, May 21st. They set a “buy” rating and a $389.00 target price for the company. Morgan Stanley lowered their price target on American Express from $385.00 to $382.00 and set an “equal weight” rating for the company in a report on Monday, July 27th. Piper Sandler increased their price target on shares of American Express from $396.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Guggenheim initiated coverage on shares of American Express in a report on Monday, July 13th. They set a “buy” rating on the stock. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.