Everett Harris & Co. CA Purchases Shares of 6,046 American Express Company $AXP

Everett Harris & Co. CA acquired a new stake in shares of American Express Company (NYSE:AXP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,046 shares of the payment services company’s stock, valued at approximately $2,045,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Pecaut & CO. purchased a new position in shares of American Express in the 2nd quarter worth $1,696,000. Summit Global Investments purchased a new stake in American Express during the second quarter valued at about $601,000. Oppenheimer Asset Management Inc. purchased a new stake in American Express during the second quarter valued at about $5,201,000. Bryn Mawr Trust Advisors LLC acquired a new stake in American Express during the second quarter worth about $1,731,000. Finally, Mill Capital Management LLC acquired a new stake in American Express during the second quarter worth about $41,099,000. 84.33% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting American Express

Here are the key news stories impacting American Express this week:

• Positive Sentiment: Expanded virtual-card capabilities: AXP is making American Express Virtual Cards available through its @ Work platform for U.S. corporate customers. The products offer adjustable spending limits, enhanced fraud protection and easier expense management, potentially increasing commercial-payment volumes and customer retention. American Express expands virtual cards for US commercial customers
• Positive Sentiment: Premium travel ecosystem strengthened: American Express added 350 luxury hotels across 116 countries to the Platinum Card travel program. More curated booking options could improve the value proposition of its premium cards, support spending and help justify annual fees. American Express adds 350 luxury hotels to Platinum Card travel program
• Positive Sentiment: Evidence of loyalty-driven spending: United Airlines’ results highlighted how American Express perks can help capture premium travel spending, even without a United co-branded card. The example supports AXP’s broader strategy of using travel benefits and partnerships to attract affluent customers. Popular legacy airline captures premium spend because of American Express perks
• Positive Sentiment: Constructive analyst outlook: Piper Sandler forecast meaningful appreciation potential for AXP shares, providing a positive signal following the company’s recent earnings beat and continued revenue growth. Piper Sandler Forecasts Strong Price Appreciation for American Express Stock
• Neutral Sentiment: Capital structure update: AXP issued Series E preferred shares and announced full redemption of Series D preferred shares. The move may improve funding flexibility, but it also adds preferred financing obligations and has limited direct impact on common-share earnings. American Express Issues New Series E Preferred Shares
• Neutral Sentiment: Mixed analyst sentiment: Coverage of AXP showed differing views, suggesting valuation and expectations remain areas of debate despite the company’s strong operating trends. Analysts Have Conflicting Sentiments on American Express

American Express Trading Down 0.4%

Shares of AXP opened at $342.27 on Friday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock’s 50-day moving average is $341.33 and its two-hundred day moving average is $327.58. 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 stock has a market cap of $231.14 billion, a PE ratio of 20.77, a P/E/G ratio of 1.39 and a beta of 1.04.

American Express (NYSE:AXP) last posted its earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.12. The business had revenue of $14.99 billion during 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. Equities analysts forecast that American Express Company will post 17.67 earnings per share for the current fiscal year.

American Express Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, July 2nd. American Express’s dividend payout ratio is currently 23.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. HSBC raised their price objective on American Express from $312.00 to $329.00 and gave the stock a “hold” rating in a report on Monday, July 13th. BTIG Research cut their price target on shares of American Express from $324.00 to $315.00 and set a “sell” rating on the stock in a report on Monday, July 27th. UBS Group cut their price target on shares of American Express from $386.00 to $384.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. TD Cowen lifted their price target on shares of American Express from $330.00 to $338.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Finally, Piper Sandler boosted their price objective on shares of American Express from $396.00 to $405.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company 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.