4,389 American Express Company $AXP Shares Purchased by Willis Investment Counsel

Willis Investment Counsel grew its position in American Express Company (NYSE:AXP) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,065 shares of the payment services company’s stock after purchasing an additional 4,389 shares during the period. Willis Investment Counsel’s holdings in American Express were worth $21,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Archer Investment Corp acquired a new position in shares of American Express in the 2nd quarter valued at $25,000. Elevation Wealth Partners LLC raised its stake in American Express by 78.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 93 shares of the payment services company’s stock worth $28,000 after buying an additional 41 shares during the period. Frazier Financial Advisors LLC raised its stake in American Express by 66.7% during the 1st quarter. Frazier Financial Advisors LLC now owns 100 shares of the payment services company’s stock worth $30,000 after buying an additional 40 shares during the period. Evolution Wealth Management Inc. lifted its holdings in American Express by 58.2% during the first quarter. Evolution Wealth Management Inc. now owns 106 shares of the payment services company’s stock worth $32,000 after acquiring an additional 39 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in American Express by 2,550.0% during the first quarter. Whipplewood Advisors LLC now owns 106 shares of the payment services company’s stock worth $32,000 after acquiring an additional 102 shares in the last quarter. 84.33% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AXP shares. Jefferies Financial Group raised American Express from a “hold” rating to a “buy” rating in a research note on Monday, July 13th. Barclays cut their price objective on American Express from $364.00 to $342.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Evercore set a $320.00 price objective on American Express in a report on Thursday, October 1st. BMO Capital Markets began coverage on American Express in a research report on Thursday, October 8th. They issued an “outperform” rating and a $380.00 price objective for the company. Finally, TD Cowen lowered their target price on American Express from $338.00 to $335.00 and set a “hold” rating for the company in a research note on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $365.63.

American Express Stock Up 0.9%

AXP stock traded up $2.96 during trading hours on Tuesday, reaching $319.37. 1,935,955 shares of the stock were exchanged, compared to its average volume of 3,228,330. The firm’s 50-day moving average is $320.67 and its 200-day moving average is $325.58. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The company has a market cap of $215.67 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.33 and a beta of 1.08. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.55 and a quick ratio of 1.54.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The company had revenue of $14.99 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 company’s quarterly revenue was up 10.0% compared to the same quarter last year. 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. On average, equities research analysts expect that American Express Company will post 17.65 earnings per share for the current year.

American Express Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Friday, October 9th will be paid a $0.95 dividend. The ex-dividend date is Friday, October 9th. This represents a $3.80 annualized dividend and a yield of 1.2%. American Express’s payout ratio is presently 23.06%.

American Express Company Profile

American Express Company is a global financial services company that provides payment, lending, travel and expense management products and services. Its offerings include consumer and small-business charge and credit cards, corporate payment programs, business financing solutions, deposit products and digital payment services.

The company operates an integrated payments network that connects card members, merchants and financial institutions. American Express also provides merchant acquisition and payment processing services, data and analytics, fraud prevention tools, and customer loyalty programs.