Triumph Capital Management Has $558,000 Stock Position in American Express Company $AXP

Triumph Capital Management reduced its position in shares of American Express Company (NYSE:AXP) by 55.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,649 shares of the payment services company’s stock after selling 2,043 shares during the period. Triumph Capital Management’s holdings in American Express were worth $558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AXP. Evolution Wealth Management Inc. grew its position in American Express by 6,600.0% during the 4th 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. Sfam LLC acquired a new stake in shares of American Express in the 4th quarter valued at $26,000. Archer Investment Corp acquired a new stake in American Express in the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Express during the 4th quarter worth approximately $28,000. Finally, Wilkerson Advisory Group LLC bought a new stake in shares of American Express during the 4th quarter valued at $29,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

American Express Price Performance

AXP opened at $323.98 on Wednesday. The stock has a market cap of $218.79 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.40 and a beta of 1.05. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a quick ratio of 1.54, a current ratio of 1.55 and a debt-to-equity ratio of 1.66. The company has a fifty day simple moving average of $342.45 and a 200 day simple moving average of $325.51.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $4.08 earnings per share. The company’s revenue for the quarter 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 expect that American Express Company will post 17.68 EPS for the current year.

American Express Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Thursday, July 2nd were issued a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, July 2nd. American Express’s payout ratio is 23.06%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AXP. HSBC lifted their price objective on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Jefferies Financial Group upgraded American Express from a “hold” rating to a “buy” rating in a report on Monday, July 13th. Barclays boosted their target price on American Express from $322.00 to $364.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Benchmark started coverage on American Express in a research note on Monday, July 13th. They issued a “buy” rating for the company. Finally, Morgan Stanley cut their price target on shares of American Express from $385.00 to $382.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, American Express currently has a consensus rating of “Moderate Buy” and a consensus 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.