Harbor Investment Advisory LLC Reduces Holdings in American Express Company $AXP

Harbor Investment Advisory LLC trimmed its holdings in shares of American Express Company (NYSE:AXP) by 46.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,318 shares of the payment services company’s stock after selling 1,985 shares during the quarter. Harbor Investment Advisory LLC’s holdings in American Express were worth $784,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Evolution Wealth Management Inc. boosted its stake in shares of 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. Joseph Group Capital Management purchased a new stake in shares of American Express in the 4th quarter worth $26,000. Sfam LLC purchased a new stake in shares of American Express in the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in American Express in the 4th quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in American Express during the third quarter valued at $28,000. 84.33% of the stock is owned by hedge funds and other institutional investors.

American Express Trading Up 0.6%

Shares of AXP stock opened at $348.94 on Thursday. American Express Company has a 52-week low of $290.63 and a 52-week high of $387.49. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.54 and a current ratio of 1.55. The firm has a market capitalization of $235.64 billion, a PE ratio of 21.17, a PEG ratio of 1.40 and a beta of 1.04. The stock has a fifty day simple moving average of $337.07 and a two-hundred day simple moving average of $328.33.

American Express (NYSE:AXP) last announced its quarterly earnings data on Friday, July 24th. The payment services company reported $4.53 EPS for the quarter, beating the consensus estimate of $4.41 by $0.12. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $19.70 billion. American Express had a return on equity of 34.12% and a net margin of 15.07%.The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. On average, analysts predict that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, July 2nd. American Express’s dividend payout ratio (DPR) is 23.06%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AXP shares. Loop Capital initiated coverage on American Express in a report on Thursday, May 21st. They set a “buy” rating and a $389.00 price target for the company. Morgan Stanley lowered their price objective on 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. JPMorgan Chase & Co. upgraded American Express from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $328.00 to $400.00 in a research note on Monday, July 13th. TD Cowen increased their target price on shares of American Express from $330.00 to $338.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Finally, Guggenheim assumed coverage on shares of American Express in a research note on Monday, July 13th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Express currently has an average rating of “Moderate Buy” and an average target price of $372.84.

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.