Somerville Kurt F Invests $7 Million in American Express Company $AXP

Somerville Kurt F bought a new stake in shares of American Express Company (NYSE:AXP) during the 2nd quarter, Holdings Channel reports. The fund bought 20,685 shares of the payment services company’s stock, valued at approximately $6,997,000. American Express makes up 1.7% of Somerville Kurt F’s portfolio, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cornerstone Advisory LLC boosted its holdings in American Express by 2.9% in the fourth quarter. Cornerstone Advisory LLC now owns 1,017 shares of the payment services company’s stock valued at $376,000 after acquiring an additional 29 shares in the last quarter. Total Clarity Wealth Management Inc. increased its position in American Express by 3.4% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 874 shares of the payment services company’s stock valued at $323,000 after purchasing an additional 29 shares during the period. Dover Advisors LLC raised its holdings in American Express by 0.4% in the 4th quarter. Dover Advisors LLC now owns 7,977 shares of the payment services company’s stock worth $2,951,000 after purchasing an additional 29 shares in the last quarter. Invenio Wealth Partners LLC raised its holdings in American Express by 3.9% in the 3rd quarter. Invenio Wealth Partners LLC now owns 776 shares of the payment services company’s stock worth $258,000 after purchasing an additional 29 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of American Express by 1.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,167 shares of the payment services company’s stock worth $1,172,000 after purchasing an additional 30 shares during the period. Institutional investors own 84.33% of the company’s stock.

Key Headlines Impacting American Express

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

• Positive Sentiment: American Express is expanding its premium lifestyle and sports partnerships by naming St Andrews Links its Official Payments Partner. The agreement could increase global brand visibility, card-member engagement and spending among affluent travelers and golf fans. American Express and St Andrews Links Trust partnership
• Positive Sentiment: AXP has expanded virtual-card capabilities for U.S. commercial customers through its @ Work platform and Conferma. The move embeds American Express more deeply into corporate payment and travel workflows, potentially improving retention, security and business-spending volumes. American Express expanded virtual cards strategy
• Positive Sentiment: A profile of CEO Steve Squeri highlights American Express’s successful focus on millennials and Gen Z customers, including the willingness of younger consumers to pay premium annual fees for differentiated benefits. The narrative reinforces the company’s premium-card strategy and customer growth potential. American Express CEO and premium card strategy
• Neutral Sentiment: Management will participate in the Barclays Global Financial Services Conference on September 16. The event may provide updates on spending trends, credit quality and 2026 guidance, but no new financial outlook was announced. American Express Barclays conference announcement
• Neutral Sentiment: American Express is among the holdings in US Financial 15 Split Corp., which declared a monthly preferred-share distribution. The announcement has no direct impact on AXP’s earnings or capital allocation. US Financial 15 preferred dividend announcement

American Express Trading Up 0.4%

NYSE AXP opened at $339.90 on Thursday. American Express Company has a 12 month low of $290.97 and a 12 month high of $387.49. The stock has a market cap of $229.54 billion, a P/E ratio of 20.62, a P/E/G ratio of 1.36 and a beta of 1.04. The stock’s fifty day moving average price is $342.72 and its 200-day moving average price is $326.91. The company has a current ratio of 1.55, a quick ratio of 1.54 and a debt-to-equity ratio of 1.66.

American Express (NYSE:AXP) last issued its quarterly earnings results on Friday, July 24th. The payment services company reported $4.53 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.12. The firm had revenue of $19.64 billion during 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 company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the company earned $4.08 earnings per share. American Express has set its FY 2026 guidance at 17.300-17.900 EPS. As a group, equities analysts forecast that American Express Company will post 17.67 EPS for the current fiscal year.

American Express Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, July 2nd were paid a dividend of $0.95 per share. 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 (DPR) is currently 23.06%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AXP. Barclays boosted their price target on shares of American Express from $322.00 to $364.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Guggenheim initiated coverage on American Express in a research report on Monday, July 13th. They set a “buy” rating on the stock. Truist Financial upped their target price on American Express from $360.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. DZ Bank upgraded American Express from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. raised American Express from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $328.00 to $400.00 in a research report on Monday, July 13th. 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $373.32.

About American Express

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.